FLXN vs. ESHY

Last updated Jul 8, 2026

FLXN (Horizon Flexible Income ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. FLXN is actively managed, while ESHY is passively managed. FLXN charges 0.82%/yr vs 0.20%/yr for ESHY.

Performance

FLXN vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Flexible Income ETF (FLXN) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLXN

• 1D: -0.14%
• 1M: 1.35%
• 6M: 2.73%
• YTD: 3.25%
• 1Y: 8.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLXN vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
FLXN Horizon Flexible Income ETF	2.55%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

FLXN vs. ESHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLXN

FLXN Risk / Return Rank: 69
FLXN Sharpe Ratio Rank: 64
FLXN Sortino Ratio Rank: 69
FLXN Omega Ratio Rank: 72
FLXN Calmar Ratio Rank: 62
FLXN Martin Ratio Rank: 79

ESHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLXN vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Flexible Income ETF (FLXN) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLXN	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	12.39	—	—

Drawdowns

FLXN vs. ESHY - Drawdown Comparison

The maximum FLXN drawdown since its inception was -3.39%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FLXN and ESHY.

Drawdown Indicators

	FLXN	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-3.39%	0.00%	-3.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	—	—
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.37%	0.00%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	FLXN	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.00%	0.00%	+5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.99%	0.00%	+4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.99%	0.00%	+4.99%

FLXN vs. ESHY - Expense Ratio Comparison

FLXN has a 0.82% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

FLXN vs. ESHY - Dividend Comparison

FLXN's dividend yield for the trailing twelve months is around 8.40%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%
FLXN Horizon Flexible Income ETF	8.40%	3.49%

Frequently Asked Questions

Which ETF is better, FLXN or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXN or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.82% for FLXN.

Which ETF pays a higher dividend yield, FLXN or ESHY?

FLXN has the higher dividend yield at 8.40%, compared with 0.00% for ESHY.

What is the main difference between FLXN and ESHY?

They also come from different issuers: Horizon and Deutsche Bank. Their fees differ too: 0.82% for FLXN and 0.20% for ESHY.