FLHY vs. HYGV
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
FLHY and HYGV 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. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or HYGV.
Correlation
The correlation between FLHY and HYGV is 0.66, 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. HYGV - Performance Comparison
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Key characteristics
FLHY:
1.18
HYGV:
1.00
FLHY:
1.64
HYGV:
1.38
FLHY:
1.28
HYGV:
1.22
FLHY:
1.56
HYGV:
1.08
FLHY:
7.87
HYGV:
5.20
FLHY:
0.89%
HYGV:
1.16%
FLHY:
6.03%
HYGV:
6.11%
FLHY:
-22.57%
HYGV:
-23.47%
FLHY:
-0.64%
HYGV:
-1.69%
Returns By Period
In the year-to-date period, FLHY achieves a 1.33% return, which is significantly higher than HYGV's 0.27% return.
FLHY
1.33%
3.83%
1.05%
7.25%
6.16%
N/A
HYGV
0.27%
3.32%
-0.18%
6.29%
6.28%
N/A
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FLHY vs. HYGV - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is higher than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
FLHY vs. HYGV — Risk-Adjusted Performance Rank
FLHY
HYGV
FLHY vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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. HYGV - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.66%, less than HYGV's 8.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.66% | 6.51% | 6.26% | 6.54% | 5.51% | 5.47% | 5.05% | 4.27% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.01% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
Drawdowns
FLHY vs. HYGV - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, roughly equal to the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for FLHY and HYGV. For additional features, visit the drawdowns tool.
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Volatility
FLHY vs. HYGV - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 3.20% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 2.79%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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