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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIPX or FLHY.
Key characteristics
| TIPX | FLHY | |
|---|---|---|
| YTD Return | 3.11% | 8.56% |
| 1Y Return | 6.43% | 13.31% |
| 3Y Return (Ann) | -0.25% | 3.64% |
| 5Y Return (Ann) | 2.78% | 4.73% |
| Sharpe Ratio | 1.75 | 3.26 |
| Sortino Ratio | 2.69 | 5.23 |
| Omega Ratio | 1.33 | 1.67 |
| Calmar Ratio | 0.84 | 4.59 |
| Martin Ratio | 9.79 | 28.13 |
| Ulcer Index | 0.65% | 0.51% |
| Daily Std Dev | 3.65% | 4.37% |
| Max Drawdown | -10.06% | -22.57% |
| Current Drawdown | -1.87% | -0.49% |
Correlation
The correlation between TIPX and FLHY is 0.29, 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.
Performance
TIPX vs. FLHY - Performance Comparison
In the year-to-date period, TIPX achieves a 3.11% return, which is significantly lower than FLHY's 8.56% 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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TIPX vs. FLHY - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is lower than FLHY's 0.40% expense ratio.
Risk-Adjusted Performance
TIPX vs. FLHY - Risk-Adjusted Performance 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.
Dividends
TIPX vs. FLHY - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 3.31%, less than FLHY's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.31% | 3.57% | 6.07% | 4.26% | 1.73% | 2.53% | 1.90% | 2.85% | 1.04% | 0.06% | 1.52% | 0.25% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.40% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% | 0.00% | 0.00% | 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 -22.57%. Use the drawdown chart below to compare losses from any high point for TIPX and FLHY. For additional features, visit the drawdowns tool.
Volatility
TIPX vs. FLHY - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 0.81%, while Franklin Liberty High Yield Corporate ETF (FLHY) has a volatility of 1.10%. 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.