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.
Performance
GHYG vs. FLHY - Performance Comparison
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GHYG vs. FLHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | -0.81% | 11.28% | 5.85% | 13.29% | -12.15% | 1.62% | 6.68% | 13.47% | -2.50% |
FLHY Franklin Liberty High Yield Corporate ETF | 0.07% | 9.26% | 8.70% | 13.40% | -10.45% | 4.27% | 7.77% | 16.39% | -1.31% |
Returns By Period
In the year-to-date period, GHYG achieves a -0.81% return, which is significantly lower than FLHY's 0.07% return.
GHYG
- 1D
- 0.45%
- 1M
- -0.78%
- YTD
- -0.81%
- 6M
- 0.26%
- 1Y
- 7.81%
- 3Y*
- 8.25%
- 5Y*
- 3.36%
- 10Y*
- 5.06%
FLHY
- 1D
- 0.20%
- 1M
- -0.78%
- YTD
- 0.07%
- 6M
- 1.59%
- 1Y
- 8.09%
- 3Y*
- 8.83%
- 5Y*
- 4.65%
- 10Y*
- —
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GHYG vs. FLHY - Expense Ratio Comparison
Both GHYG and FLHY have an expense ratio of 0.40%.
Return for Risk
GHYG vs. FLHY — Risk / Return Rank
GHYG
FLHY
GHYG vs. FLHY - Risk-Adjusted Trends 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.
| GHYG | FLHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.34 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.88 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.18 | -0.07 |
Martin ratioReturn relative to average drawdown | 8.04 | 10.96 | -2.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GHYG | FLHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.34 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.68 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.71 | -0.17 |
Correlation
The correlation between GHYG and FLHY is 0.74, 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.
Dividends
GHYG vs. FLHY - Dividend Comparison
GHYG's dividend yield for the trailing twelve months is around 6.24%, less than FLHY's 6.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 6.24% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.61% | 6.53% | 6.51% | 6.26% | 6.54% | 5.76% | 5.47% | 5.61% | 4.27% | 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.
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Drawdown Indicators
| GHYG | FLHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -22.58% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -3.85% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -15.19% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | -1.09% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -2.59% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.77% | +0.24% |
Volatility
GHYG vs. FLHY - Volatility Comparison
iShares US & Intl High Yield Corp Bond ETF (GHYG) has a higher volatility of 2.51% compared to Franklin Liberty High Yield Corporate ETF (FLHY) at 2.24%. 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.
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Volatility by Period
| GHYG | FLHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 2.24% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 2.91% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 6.09% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.74% | 6.91% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 8.18% | +0.60% |