Correlation
The correlation between FLHY and GHYG is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
FLHY vs. GHYG - Performance Comparison
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Key characteristics
FLHY:
1.33
GHYG:
1.59
FLHY:
1.75
GHYG:
2.18
FLHY:
1.30
GHYG:
1.30
FLHY:
1.69
GHYG:
2.06
FLHY:
8.54
GHYG:
9.26
FLHY:
0.89%
GHYG:
0.92%
FLHY:
6.10%
GHYG:
5.81%
FLHY:
-22.57%
GHYG:
-27.36%
FLHY:
-0.42%
GHYG:
-0.51%
Returns By Period
In the year-to-date period, FLHY achieves a 2.14% return, which is significantly lower than GHYG's 4.03% return.
FLHY
2.14%
1.13%
1.73%
7.65%
7.86%
5.79%
N/A
GHYG
4.03%
-0.02%
3.47%
8.77%
7.25%
5.20%
3.95%
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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 Rank
FLHY
GHYG
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.
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Dividends
FLHY vs. GHYG - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.61%, more than GHYG's 5.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.61% | 6.51% | 6.26% | 6.54% | 5.51% | 5.47% | 5.05% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.97% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% | 5.73% |
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.
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Volatility
FLHY vs. GHYG - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 1.27% compared to iShares US & Intl High Yield Corp Bond ETF (GHYG) at 0.81%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than GHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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