AHYB vs FLHY
American Century Select High Yield ETF vs Franklin High Yield Corporate ETF
Which is better, AHYB or FLHY?
Nearly the same fund. FLHY costs less.
FLHY has a lower expense ratio. AHYB led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AHYB | FLHY |
|---|---|---|
| Expense Ratio | 0.45% | 0.40%Best |
| AUM | $60M | $1.2B |
| Dividend Yield | 6.23% | 6.68% |
| Holdings | 6,701 | 295 |
| YTD Return | -0.64%Best | -4.57% |
| 1Y Return | +1.19%Best | -3.09% |
| 3Y Return (annualized) | +7.28%Best | +6.64% |
| 5Y Return (annualized) | +3.11%Best | +2.81% |
| Volatility (annualized) | 7.4%Tie | 7.4%Tie |
| Max Drawdown | -14.8%Best | -15.2% |
| $10,000 over 5 years | $11,655Best | $11,486 |
| Fund Family | American Century Investments | Franklin Templeton Investments (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Nov 16, 2021 | May 30, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 18, 2021 to Oct 14, 2026 (4.9 years).
AHYB vs FLHY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
AHYB vs FLHY Performance
American Century Select High Yield ETF (AHYB) is an ETF from American Century Investments and Franklin High Yield Corporate ETF (FLHY) is an ETF from Franklin Templeton Investments (US). Over the past year AHYB returned +1.19% while FLHY returned -3.09%. Year to date, AHYB is down 0.64% versus a loss of 4.57% for FLHY.
Over three years, AHYB compounded at +7.28% per year against +6.64% for FLHY; over five years the annualized figures are +3.11% and +2.81% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AHYB and FLHY have been equally volatile, both at 7.4% annualized.
The deepest peak-to-trough decline in our data was -14.8% for AHYB and -15.2% for FLHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AHYB charges 0.45% per year while FLHY charges 0.40%. On a $10,000 position that is $45 vs $40 annually, a gap of $5 per year that compounds over a long holding period. On income, AHYB currently yields 6.23% against 6.68% for FLHY.
Holdings Overlap
We hold position weights for 1,092 holdings in AHYB and 181 in FLHY, totalling 33.4% and 62.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1,092 positions we hold weights for in AHYB and 181 in FLHY, against full books of 6,701 and 295.
You are not choosing between two funds in isolation.
Whichever of AHYB and FLHY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AHYB or FLHY?
AHYB has an expense ratio of 0.45% while FLHY charges 0.40%. FLHY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, AHYB or FLHY?
Over the past year AHYB returned +1.19% vs -3.09% for FLHY, so AHYB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AHYB or FLHY?
AHYB and FLHY have been equally volatile, both at 7.4% annualized. Worst drawdown: AHYB -14.8% vs FLHY -15.2%.
Should I hold both AHYB and FLHY?
AHYB and FLHY have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, AHYB or FLHY?
AHYB yields 6.23% while FLHY yields 6.68%, so FLHY currently pays the higher dividend yield.
Is FLHY better than AHYB?
FLHY has a lower expense ratio. AHYB led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.