FLHY vs. HIIFX
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and Catalyst/SMH High Income Fund (HIIFX).
FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. HIIFX is managed by Catalyst Mutual Funds. It was launched on May 21, 2008.
Performance
FLHY vs. HIIFX - Performance Comparison
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FLHY vs. HIIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 0.07% | 9.26% | 8.70% | 13.40% | -10.45% | 4.27% | 7.77% | 16.39% | -1.31% |
HIIFX Catalyst/SMH High Income Fund | -2.26% | 15.31% | 8.33% | 16.44% | -13.48% | 8.03% | 10.00% | 8.36% | -1.83% |
Returns By Period
In the year-to-date period, FLHY achieves a 0.07% return, which is significantly higher than HIIFX's -2.26% return.
FLHY
- 1D
- 0.20%
- 1M
- -0.78%
- YTD
- 0.07%
- 6M
- 1.59%
- 1Y
- 8.09%
- 3Y*
- 8.83%
- 5Y*
- 4.65%
- 10Y*
- —
HIIFX
- 1D
- 0.77%
- 1M
- -1.17%
- YTD
- -2.26%
- 6M
- -1.18%
- 1Y
- 14.79%
- 3Y*
- 11.42%
- 5Y*
- 4.98%
- 10Y*
- 8.25%
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FLHY vs. HIIFX - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is lower than HIIFX's 1.49% expense ratio.
Return for Risk
FLHY vs. HIIFX — Risk / Return Rank
FLHY
HIIFX
FLHY vs. HIIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and Catalyst/SMH High Income Fund (HIIFX). 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.
| FLHY | HIIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.93 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.65 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.87 | -0.69 |
Martin ratioReturn relative to average drawdown | 10.96 | 8.21 | +2.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLHY | HIIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.93 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.78 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.17 | +0.54 |
Correlation
The correlation between FLHY and HIIFX is 0.43, 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.
Dividends
FLHY vs. HIIFX - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.61%, more than HIIFX's 5.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.61% | 6.53% | 6.51% | 6.26% | 6.54% | 5.76% | 5.47% | 5.61% | 4.27% | 0.00% | 0.00% | 0.00% |
HIIFX Catalyst/SMH High Income Fund | 5.50% | 4.65% | 6.03% | 6.55% | 6.64% | 4.03% | 5.00% | 5.37% | 5.61% | 5.50% | 6.81% | 12.14% |
Drawdowns
FLHY vs. HIIFX - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.58%, smaller than the maximum HIIFX drawdown of -51.29%. Use the drawdown chart below to compare losses from any high point for FLHY and HIIFX.
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Drawdown Indicators
| FLHY | HIIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -51.29% | +28.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -5.26% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -18.58% | +3.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.09% | -4.15% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -15.41% | +12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.84% | -1.07% |
Volatility
FLHY vs. HIIFX - Volatility Comparison
The current volatility for Franklin Liberty High Yield Corporate ETF (FLHY) is 2.24%, while Catalyst/SMH High Income Fund (HIIFX) has a volatility of 2.48%. This indicates that FLHY experiences smaller price fluctuations and is considered to be less risky than HIIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLHY | HIIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 2.48% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 4.86% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 8.03% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 6.43% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 6.00% | +2.18% |