FLHY vs. PULS
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and PGIM Ultra Short Bond ETF (PULS).
FLHY and PULS 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. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or PULS.
Key characteristics
| FLHY | PULS | |
|---|---|---|
| YTD Return | 8.90% | 5.37% |
| 1Y Return | 14.58% | 6.63% |
| 3Y Return (Ann) | 3.75% | 4.38% |
| 5Y Return (Ann) | 4.83% | 3.09% |
| Sharpe Ratio | 3.47 | 12.38 |
| Sortino Ratio | 5.62 | 31.08 |
| Omega Ratio | 1.72 | 8.08 |
| Calmar Ratio | 4.06 | 65.70 |
| Martin Ratio | 30.13 | 405.23 |
| Ulcer Index | 0.50% | 0.02% |
| Daily Std Dev | 4.35% | 0.54% |
| Max Drawdown | -22.57% | -5.85% |
| Current Drawdown | -0.18% | 0.00% |
Correlation
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.
Performance
FLHY vs. PULS - Performance Comparison
In the year-to-date period, FLHY achieves a 8.90% return, which is significantly higher than PULS's 5.37% 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. PULS - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is higher than PULS's 0.15% expense ratio.
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.
Dividends
FLHY vs. PULS - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.38%, more than PULS's 5.70% 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% |
PULS PGIM Ultra Short Bond ETF | 5.70% | 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.
Volatility
FLHY vs. PULS - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 1.03% compared to PGIM Ultra Short Bond ETF (PULS) at 0.15%. 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.