PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
SHYD vs. FLHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SHYD vs. FLHY

Last updated May 12, 2025

Compare and contrast key facts about VanEck Short High Yield Muni ETF (SHYD) and Franklin Liberty High Yield Corporate ETF (FLHY).

SHYD and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Municipal High Yield Short Duration. It was launched on Jan 13, 2014. 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: SHYD or FLHY.

Correlation

The correlation between SHYD and FLHY is 0.80, 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

SHYD vs. FLHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Short High Yield Muni ETF (SHYD) and Franklin Liberty High Yield Corporate ETF (FLHY). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Daily Std Dev

SHYD:

3.56%

FLHY:

2.65%

Max Drawdown

SHYD:

-0.18%

FLHY:

-0.21%

Current Drawdown

SHYD:

0.00%

FLHY:

-0.02%

Returns By Period

SHYD

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

FLHY

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SHYD vs. FLHY - Expense Ratio Comparison

SHYD has a 0.35% expense ratio, which is lower than FLHY's 0.40% expense ratio.

FLHY
Franklin Liberty High Yield Corporate ETF
SHYD
VanEck Short High Yield Muni ETF

Risk-Adjusted Performance

SHYD vs. FLHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHYD
The Risk-Adjusted Performance Rank of SHYD is 6363
Overall Rank
The Sharpe Ratio Rank of SHYD is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of SHYD is 5454
Sortino Ratio Rank
The Omega Ratio Rank of SHYD is 6060
Omega Ratio Rank
The Calmar Ratio Rank of SHYD is 6060
Calmar Ratio Rank
The Martin Ratio Rank of SHYD is 7676
Martin Ratio Rank
FLHY
The Risk-Adjusted Performance Rank of FLHY is 8989
Overall Rank
The Sharpe Ratio Rank of FLHY is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of FLHY is 8585
Sortino Ratio Rank
The Omega Ratio Rank of FLHY is 8989
Omega Ratio Rank
The Calmar Ratio Rank of FLHY is 9090
Calmar Ratio Rank
The Martin Ratio Rank of FLHY is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SHYD vs. FLHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Short High Yield Muni ETF (SHYD) 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.

No data
No data
No data
No data
No data

Loading data...

Dividends

SHYD vs. FLHY - Dividend Comparison

SHYD's dividend yield for the trailing twelve months is around 3.34%, while FLHY has not paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
SHYD
VanEck Short High Yield Muni ETF		3.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLHY
Franklin Liberty High Yield Corporate ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SHYD vs. FLHY - Drawdown Comparison

The maximum SHYD drawdown since its inception was -0.18%, smaller than the maximum FLHY drawdown of -0.21%. Use the drawdown chart below to compare losses from any high point for SHYD and FLHY. For additional features, visit the drawdowns tool.

Loading data...

Volatility

SHYD vs. FLHY - Volatility Comparison

Loading data...