FLHY vs. HYDB
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and iShares High Yield Bond Factor ETF (HYDB).
FLHY and HYDB 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. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or HYDB.
Key characteristics
| FLHY | HYDB | |
|---|---|---|
| YTD Return | 8.90% | 9.73% |
| 1Y Return | 14.58% | 15.57% |
| 3Y Return (Ann) | 3.75% | 4.25% |
| 5Y Return (Ann) | 4.83% | 5.33% |
| Sharpe Ratio | 3.47 | 3.37 |
| Sortino Ratio | 5.62 | 5.40 |
| Omega Ratio | 1.72 | 1.68 |
| Calmar Ratio | 4.06 | 5.59 |
| Martin Ratio | 30.13 | 29.97 |
| Ulcer Index | 0.50% | 0.54% |
| Daily Std Dev | 4.35% | 4.78% |
| Max Drawdown | -22.57% | -21.58% |
| Current Drawdown | -0.18% | 0.00% |
Correlation
The correlation between FLHY and HYDB is 0.83, 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. HYDB - Performance Comparison
In the year-to-date period, FLHY achieves a 8.90% return, which is significantly lower than HYDB's 9.73% 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. HYDB - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is higher than HYDB's 0.35% expense ratio.
Risk-Adjusted Performance
FLHY vs. HYDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and iShares High Yield Bond Factor ETF (HYDB). 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. HYDB - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.38%, less than HYDB's 6.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.38% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% | 0.00% |
HYDB iShares High Yield Bond Factor ETF | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.17% | 2.70% |
Drawdowns
FLHY vs. HYDB - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, roughly equal to the maximum HYDB drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for FLHY and HYDB. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. HYDB - Volatility Comparison
The current volatility for Franklin Liberty High Yield Corporate ETF (FLHY) is 1.03%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.11%. This indicates that FLHY experiences smaller price fluctuations and is considered to be less risky than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.