TIPX vs. FLHY
Compare and contrast key facts about SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Franklin Liberty High Yield Corporate ETF (FLHY).
TIPX and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Performance
TIPX vs. FLHY - Performance Comparison
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TIPX vs. FLHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.58% | 7.15% | 3.08% | 4.43% | -7.58% | 5.42% | 8.51% | 6.60% | 0.08% |
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, TIPX achieves a 0.58% return, which is significantly higher than FLHY's 0.07% return.
TIPX
- 1D
- -0.06%
- 1M
- -0.58%
- YTD
- 0.58%
- 6M
- 0.65%
- 1Y
- 3.75%
- 3Y*
- 3.99%
- 5Y*
- 2.46%
- 10Y*
- 2.87%
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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TIPX vs. FLHY - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is lower than FLHY's 0.40% expense ratio.
Return for Risk
TIPX vs. FLHY — Risk / Return Rank
TIPX
FLHY
TIPX vs. FLHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) 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.
| TIPX | FLHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.34 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.88 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.18 | -0.34 |
Martin ratioReturn relative to average drawdown | 6.83 | 10.96 | -4.12 |
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
| TIPX | FLHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.34 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.68 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.71 | -0.23 |
Correlation
The correlation between TIPX and FLHY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TIPX vs. FLHY - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 3.70%, less than FLHY's 6.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.70% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
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
TIPX vs. FLHY - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, smaller than the maximum FLHY drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for TIPX and FLHY.
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Drawdown Indicators
| TIPX | FLHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -22.58% | +12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -3.85% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | -15.19% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -1.09% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.59% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.77% | -0.22% |
Volatility
TIPX vs. FLHY - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 0.96%, while Franklin Liberty High Yield Corporate ETF (FLHY) has a volatility of 2.24%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky 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
| TIPX | FLHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.24% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 2.91% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 6.09% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 6.91% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.39% | 8.18% | -3.79% |