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FLHY vs. PULS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FLHY vs. PULS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty High Yield Corporate ETF (FLHY) and PGIM Ultra Short Bond ETF (PULS). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.65%
2.88%
FLHY
PULS

Returns By Period

In the year-to-date period, FLHY achieves a 8.56% return, which is significantly higher than PULS's 5.47% return.


FLHY

YTD

8.56%

1M

0.31%

6M

5.66%

1Y

12.67%

5Y (annualized)

4.83%

10Y (annualized)

N/A

PULS

YTD

5.47%

1M

0.39%

6M

2.89%

1Y

6.35%

5Y (annualized)

3.10%

10Y (annualized)

N/A

Key characteristics


FLHYPULS
Sharpe Ratio2.9712.22
Sortino Ratio4.7430.20
Omega Ratio1.607.88
Calmar Ratio4.9663.77
Martin Ratio25.02393.30
Ulcer Index0.51%0.02%
Daily Std Dev4.31%0.53%
Max Drawdown-22.57%-5.85%
Current Drawdown-0.49%0.00%

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FLHY vs. PULS - Expense Ratio Comparison

FLHY has a 0.40% expense ratio, which is higher than PULS's 0.15% expense ratio.


FLHY
Franklin Liberty High Yield Corporate ETF
Expense ratio chart for FLHY: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for PULS: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.2

The correlation between FLHY and PULS is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

FLHY vs. PULS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and PGIM Ultra Short Bond ETF (PULS). 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.


Sharpe ratio
The chart of Sharpe ratio for FLHY, currently valued at 2.97, compared to the broader market0.002.004.002.9712.22
The chart of Sortino ratio for FLHY, currently valued at 4.74, compared to the broader market-2.000.002.004.006.008.0010.0012.004.7430.20
The chart of Omega ratio for FLHY, currently valued at 1.60, compared to the broader market0.501.001.502.002.503.001.607.88
The chart of Calmar ratio for FLHY, currently valued at 4.96, compared to the broader market0.005.0010.0015.004.9663.77
The chart of Martin ratio for FLHY, currently valued at 25.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.0025.02393.30
FLHY
PULS

The current FLHY Sharpe Ratio is 2.97, which is lower than the PULS Sharpe Ratio of 12.22. The chart below compares the historical Sharpe Ratios of FLHY and PULS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.00JuneJulyAugustSeptemberOctoberNovember
2.97
12.22
FLHY
PULS

Dividends

FLHY vs. PULS - Dividend Comparison

FLHY's dividend yield for the trailing twelve months is around 6.39%, more than PULS's 5.69% yield.


TTM202320222021202020192018
FLHY
Franklin Liberty High Yield Corporate ETF
6.39%6.25%6.54%5.50%5.48%5.45%4.28%
PULS
PGIM Ultra Short Bond ETF
5.69%5.48%2.30%1.19%1.85%2.92%1.87%

Drawdowns

FLHY vs. PULS - Drawdown Comparison

The maximum FLHY drawdown since its inception was -22.57%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for FLHY and PULS. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.49%
0
FLHY
PULS

Volatility

FLHY vs. PULS - Volatility Comparison

Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 0.96% compared to PGIM Ultra Short Bond ETF (PULS) at 0.12%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
0.96%
0.12%
FLHY
PULS