FLHY vs. GHYG
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and iShares US & Intl High Yield Corp Bond ETF (GHYG).
FLHY and GHYG 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. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or GHYG.
Key characteristics
| FLHY | GHYG | |
|---|---|---|
| YTD Return | 8.56% | 6.20% |
| 1Y Return | 13.31% | 11.85% |
| 3Y Return (Ann) | 3.64% | 1.98% |
| 5Y Return (Ann) | 4.73% | 3.25% |
| Sharpe Ratio | 3.26 | 2.47 |
| Sortino Ratio | 5.23 | 3.71 |
| Omega Ratio | 1.67 | 1.47 |
| Calmar Ratio | 4.59 | 1.87 |
| Martin Ratio | 28.13 | 15.25 |
| Ulcer Index | 0.51% | 0.88% |
| Daily Std Dev | 4.37% | 5.41% |
| Max Drawdown | -22.57% | -27.36% |
| Current Drawdown | -0.49% | -1.43% |
Correlation
The correlation between FLHY and GHYG is 0.72, 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. GHYG - Performance Comparison
In the year-to-date period, FLHY achieves a 8.56% return, which is significantly higher than GHYG's 6.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLHY vs. GHYG - Expense Ratio Comparison
Both FLHY and GHYG have an expense ratio of 0.40%.
Risk-Adjusted Performance
FLHY vs. GHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and iShares US & Intl High Yield Corp Bond ETF (GHYG). 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. GHYG - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.40%, more than GHYG's 5.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.40% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.84% | 5.61% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.78% | 5.73% | 5.52% |
Drawdowns
FLHY vs. GHYG - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, smaller than the maximum GHYG drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for FLHY and GHYG. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. GHYG - Volatility Comparison
The current volatility for Franklin Liberty High Yield Corporate ETF (FLHY) is 1.10%, while iShares US & Intl High Yield Corp Bond ETF (GHYG) has a volatility of 1.31%. This indicates that FLHY experiences smaller price fluctuations and is considered to be less risky than GHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.