GHYG vs. FLHY
Compare and contrast key facts about iShares US & Intl High Yield Corp Bond ETF (GHYG) and Franklin Liberty High Yield Corporate ETF (FLHY).
GHYG and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets High Yield Index. It was launched on Apr 3, 2012. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHYG or FLHY.
Key characteristics
| GHYG | FLHY | |
|---|---|---|
| YTD Return | -0.19% | 1.88% |
| 1Y Return | 8.46% | 10.76% |
| 3Y Return (Ann) | -0.03% | 2.15% |
| 5Y Return (Ann) | 2.47% | 4.26% |
| Sharpe Ratio | 1.36 | 1.84 |
| Daily Std Dev | 6.38% | 5.83% |
| Max Drawdown | -27.36% | -22.58% |
| Current Drawdown | -1.99% | -0.68% |
Correlation
The correlation between GHYG and FLHY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GHYG vs. FLHY - Performance Comparison
In the year-to-date period, GHYG achieves a -0.19% return, which is significantly lower than FLHY's 1.88% 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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GHYG vs. FLHY - Expense Ratio Comparison
Both GHYG and FLHY have an expense ratio of 0.40%.
Risk-Adjusted Performance
GHYG vs. FLHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) and Franklin Liberty High Yield Corporate ETF (FLHY). 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
GHYG vs. FLHY - Dividend Comparison
GHYG's dividend yield for the trailing twelve months is around 5.93%, less than FLHY's 6.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.93% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% | 5.73% | 5.52% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.52% | 6.26% | 6.54% | 5.50% | 5.47% | 5.45% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GHYG vs. FLHY - Drawdown Comparison
The maximum GHYG drawdown since its inception was -27.36%, which is greater than FLHY's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for GHYG and FLHY. For additional features, visit the drawdowns tool.
Volatility
GHYG vs. FLHY - Volatility Comparison
iShares US & Intl High Yield Corp Bond ETF (GHYG) has a higher volatility of 1.79% compared to Franklin Liberty High Yield Corporate ETF (FLHY) at 1.65%. This indicates that GHYG's price experiences larger fluctuations and is considered to be riskier than FLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.