FLXN vs. FSYD
FLXN (Horizon Flexible Income ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. FLXN charges 0.82%/yr vs 0.55%/yr for FSYD.
Performance
FLXN vs. FSYD - Performance Comparison
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Returns By Period
In the year-to-date period, FLXN achieves a 2.50% return, which is significantly lower than FSYD's 3.41% return.
FLXN
- 1D
- 0.20%
- 1M
- 0.60%
- YTD
- 2.50%
- 6M
- 2.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSYD
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 3.41%
- 6M
- 4.01%
- 1Y
- 9.98%
- 3Y*
- 9.61%
- 5Y*
- —
- 10Y*
- —
FLXN vs. FSYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLXN Horizon Flexible Income ETF | 2.50% | 4.71% |
FSYD Fidelity Sustainable High Yield ETF | 3.41% | 4.43% |
Correlation
The correlation between FLXN and FSYD is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.90 |
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Return for Risk
FLXN vs. FSYD — Risk / Return Rank
FLXN
FSYD
FLXN vs. FSYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Flexible Income ETF (FLXN) and Fidelity Sustainable High Yield ETF (FSYD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FLXN | FSYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.77 | +0.82 |
Drawdowns
FLXN vs. FSYD - Drawdown Comparison
The maximum FLXN drawdown since its inception was -3.39%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for FLXN and FSYD.
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Drawdown Indicators
| FLXN | FSYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.39% | -12.11% | +8.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.49% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.20% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -2.40% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.67% | — |
Volatility
FLXN vs. FSYD - Volatility Comparison
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Volatility by Period
| FLXN | FSYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 4.11% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 7.85% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 7.85% | -2.81% |
FLXN vs. FSYD - Expense Ratio Comparison
FLXN has a 0.82% expense ratio, which is higher than FSYD's 0.55% expense ratio.
Dividends
FLXN vs. FSYD - Dividend Comparison
FLXN's dividend yield for the trailing twelve months is around 7.49%, more than FSYD's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FLXN Horizon Flexible Income ETF | 7.49% | 3.49% | 0.00% | 0.00% | 0.00% |
FSYD Fidelity Sustainable High Yield ETF | 6.32% | 6.49% | 6.47% | 6.70% | 5.29% |
Frequently Asked Questions
FLXN and FSYD have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FSYD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FSYD is cheaper with a 0.55% expense ratio, compared with 0.82% for FLXN.
FLXN has the higher dividend yield at 7.49%, compared with 6.32% for FSYD.
They also come from different issuers: Horizon and Fidelity. Their fees differ too: 0.82% for FLXN and 0.55% for FSYD.
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