HYDB vs. FLHY
Compare and contrast key facts about iShares High Yield Bond Factor ETF (HYDB) and Franklin Liberty High Yield Corporate ETF (FLHY).
HYDB and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017. 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: HYDB or FLHY.
Key characteristics
| HYDB | FLHY | |
|---|---|---|
| YTD Return | 2.89% | 2.79% |
| 1Y Return | 13.04% | 12.00% |
| 3Y Return (Ann) | 2.81% | 2.42% |
| 5Y Return (Ann) | 4.97% | 4.55% |
| Sharpe Ratio | 2.19 | 2.08 |
| Daily Std Dev | 5.97% | 5.82% |
| Max Drawdown | -21.58% | -22.58% |
| Current Drawdown | -0.24% | -0.13% |
Correlation
The correlation between HYDB and FLHY is 0.85, 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
HYDB vs. FLHY - Performance Comparison
The year-to-date returns for both stocks are quite close, with HYDB having a 2.89% return and FLHY slightly lower at 2.79%. 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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HYDB vs. FLHY - Expense Ratio Comparison
HYDB has a 0.35% expense ratio, which is lower than FLHY's 0.40% expense ratio.
Risk-Adjusted Performance
HYDB vs. FLHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Bond Factor ETF (HYDB) 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
HYDB vs. FLHY - Dividend Comparison
HYDB's dividend yield for the trailing twelve months is around 7.08%, more than FLHY's 6.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HYDB iShares High Yield Bond Factor ETF | 7.08% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.46% | 6.26% | 6.54% | 5.50% | 5.47% | 5.45% | 4.27% | 0.00% |
Drawdowns
HYDB vs. FLHY - Drawdown Comparison
The maximum HYDB drawdown since its inception was -21.58%, roughly equal to the maximum FLHY drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for HYDB and FLHY. For additional features, visit the drawdowns tool.
Volatility
HYDB vs. FLHY - Volatility Comparison
iShares High Yield Bond Factor ETF (HYDB) and Franklin Liberty High Yield Corporate ETF (FLHY) have volatilities of 1.46% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.