FLHY vs. HNDL
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL).
FLHY and HNDL 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. HNDL is a passively managed fund by Rational Capital LLC that tracks the performance of the NASDAQ 7 HANDL™ Index. It was launched on Jan 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or HNDL.
Key characteristics
| FLHY | HNDL | |
|---|---|---|
| YTD Return | 8.90% | 13.53% |
| 1Y Return | 14.58% | 23.21% |
| 3Y Return (Ann) | 3.75% | 1.57% |
| 5Y Return (Ann) | 4.83% | 5.44% |
| Sharpe Ratio | 3.47 | 2.80 |
| Sortino Ratio | 5.62 | 3.96 |
| Omega Ratio | 1.72 | 1.51 |
| Calmar Ratio | 4.06 | 1.55 |
| Martin Ratio | 30.13 | 17.54 |
| Ulcer Index | 0.50% | 1.39% |
| Daily Std Dev | 4.35% | 8.69% |
| Max Drawdown | -22.57% | -23.72% |
| Current Drawdown | -0.18% | -0.14% |
Correlation
The correlation between FLHY and HNDL is 0.63, 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.
Performance
FLHY vs. HNDL - Performance Comparison
In the year-to-date period, FLHY achieves a 8.90% return, which is significantly lower than HNDL's 13.53% 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. HNDL - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is lower than HNDL's 0.97% expense ratio.
Risk-Adjusted Performance
FLHY vs. HNDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). 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. HNDL - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.38%, less than HNDL's 6.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.38% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.13% | 6.78% | 7.86% | 6.86% | 6.68% | 6.82% | 6.91% |
Drawdowns
FLHY vs. HNDL - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, roughly equal to the maximum HNDL drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for FLHY and HNDL. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. HNDL - Volatility Comparison
The current volatility for Franklin Liberty High Yield Corporate ETF (FLHY) is 1.03%, while Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) has a volatility of 2.49%. This indicates that FLHY experiences smaller price fluctuations and is considered to be less risky than HNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.