FLHY vs. FDHY
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and Fidelity High Yield Factor ETF (FDHY).
FLHY and FDHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or FDHY.
Correlation
The correlation between FLHY and FDHY is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLHY vs. FDHY - Performance Comparison
Key characteristics
FLHY:
1.75
FDHY:
1.60
FLHY:
2.51
FDHY:
2.35
FLHY:
1.33
FDHY:
1.29
FLHY:
3.46
FDHY:
2.68
FLHY:
13.31
FDHY:
11.80
FLHY:
0.56%
FDHY:
0.60%
FLHY:
4.24%
FDHY:
4.40%
FLHY:
-22.57%
FDHY:
-20.01%
FLHY:
-2.15%
FDHY:
-1.85%
Returns By Period
In the year-to-date period, FLHY achieves a 7.28% return, which is significantly higher than FDHY's 6.87% return.
FLHY
7.28%
-1.27%
3.14%
7.46%
4.09%
N/A
FDHY
6.87%
-0.62%
3.87%
7.19%
4.05%
N/A
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FLHY vs. FDHY - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is lower than FDHY's 0.45% expense ratio.
Risk-Adjusted Performance
FLHY vs. FDHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and Fidelity High Yield Factor ETF (FDHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FLHY vs. FDHY - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 5.94%, less than FDHY's 6.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 5.94% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% |
FDHY Fidelity High Yield Factor ETF | 6.50% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 3.07% |
Drawdowns
FLHY vs. FDHY - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, which is greater than FDHY's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for FLHY and FDHY. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. FDHY - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 1.63% compared to Fidelity High Yield Factor ETF (FDHY) at 1.43%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.