FLHY vs. SPY
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and SPDR S&P 500 ETF (SPY).
FLHY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or SPY.
Key characteristics
| FLHY | SPY | |
|---|---|---|
| YTD Return | 2.66% | 7.90% |
| 1Y Return | 11.76% | 28.03% |
| 3Y Return (Ann) | 2.38% | 8.75% |
| 5Y Return (Ann) | 4.42% | 13.52% |
| Sharpe Ratio | 2.02 | 2.33 |
| Daily Std Dev | 5.87% | 11.63% |
| Max Drawdown | -22.58% | -55.19% |
| Current Drawdown | 0.00% | -2.27% |
Correlation
The correlation between FLHY and SPY is 0.69, 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. SPY - Performance Comparison
In the year-to-date period, FLHY achieves a 2.66% return, which is significantly lower than SPY's 7.90% 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. SPY - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FLHY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.47%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.47% | 6.26% | 6.54% | 5.50% | 5.47% | 5.45% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLHY vs. SPY - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLHY and SPY. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. SPY - Volatility Comparison
The current volatility for Franklin Liberty High Yield Corporate ETF (FLHY) is 1.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that FLHY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.