FLHY vs FSYD
Franklin High Yield Corporate ETF vs Fidelity Sustainable High Yield ETF
Which is better, FLHY or FSYD?
Nearly the same fund. FLHY costs less.
FLHY has a lower expense ratio. FSYD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | FLHY | FSYD |
|---|---|---|
| Expense Ratio | 0.40%Best | 0.55% |
| AUM | $1.2B | $141M |
| Dividend Yield | 6.68% | 7.12% |
| Holdings | 295 | 403 |
| YTD Return | -4.57% | +0.27%Best |
| 1Y Return | -3.09% | +2.10%Best |
| 3Y Return (annualized) | +6.64% | +8.84%Best |
| 5Y Return (annualized) | +2.81% | - |
| Volatility (annualized) | 7.4%Best | 7.9% |
| Max Drawdown | -12.0%Best | -12.1% |
| $10,000 over 4.7 years | $11,938 | $12,504Best |
| Fund Family | Franklin Templeton Investments (US) | Fidelity Investments (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | May 30, 2018 | Feb 15, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 17, 2022 to Oct 14, 2026 (4.7 years).
FLHY vs FSYD 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 4.7 years both funds cover.
FLHY vs FSYD Performance
Franklin High Yield Corporate ETF (FLHY) is an ETF from Franklin Templeton Investments (US) and Fidelity Sustainable High Yield ETF (FSYD) is an ETF from Fidelity Investments (US). Over the past year FLHY returned -3.09% while FSYD returned +2.10%. Year to date, FLHY is down 4.57% versus a gain of 0.27% for FSYD.
Over three years, FLHY compounded at +6.64% per year against +8.84% for FSYD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSYD has been the more volatile fund, with annualized monthly volatility of 7.9% compared with 7.4% for FLHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for FLHY and -12.1% for FSYD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLHY charges 0.40% per year while FSYD charges 0.55%. On a $10,000 position that is $40 vs $55 annually, a gap of $15 per year that compounds over a long holding period. On income, FLHY currently yields 6.68% against 7.12% for FSYD.
Holdings Overlap
We hold position weights for 181 holdings in FLHY and 199 in FSYD, totalling 62.3% and 66.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 17 positions appear in both.
17 positions in common, counted across the 181 positions we hold weights for in FLHY and 199 in FSYD, against full books of 295 and 403.
Top Shared Holdings
| Stock | Weight in FLHY | Weight in FSYD | Difference |
|---|---|---|---|
| CHTR 4.25 01/15/34 1Cco Hldgs Llc/Cap Corp 4.25 01/15/2034 | 0.50% | 0.70% | 0.20% |
| W 7.25 10/31/29 144AWayfair Llc Sr Secured 144A 10/29 7.25 7.25% 10/31/2029 | 0.32% | 0.77% | 0.45% |
| TOUCAN 9.5 05/15/30 | 0.49% | 0.41% | 0.08% |
| IQV 6.25 06/01/32 14Iqvia Inc 144A 6.38% Jun 01, 2032 | 0.61% | 0.27% | 0.34% |
| HLT 5.75 09/15/33 14Hilton Domestic Operating Co Inc 5.75 09/15/2033 | 0.66% | 0.19% | 0.47% |
| BCULC 6.125 06/15/291011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 6.125% | 0.62% | 0.13% | 0.49% |
| W 7.75 09/15/30 144AWayfair Llc 7.75% 15Sep2030 | 0.26% | 0.43% | 0.17% |
| QUIKHO 6.375 03/01/3Quikrete Holdi 6.375 3/32 | 0.09% | 0.59% | 0.50% |
| SSP 9.875 08/15/30 1Ew Scripps 9.875 8/30 9.875 2030-08-15 | 0.40% | 0.13% | 0.27% |
| CCOI 7 06/15/27 144aCogent Communications Group, Inc. / Cogent Communications Finance, Inc.,7 06/15/2027 | 0.25% | 0.18% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of FLHY and FSYD 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, FLHY or FSYD?
FLHY has an expense ratio of 0.40% while FSYD charges 0.55%. FLHY is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FLHY or FSYD?
Over the past year FLHY returned -3.09% vs +2.10% for FSYD, so FSYD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLHY or FSYD?
FSYD has been the more volatile fund at 7.9% annualized versus 7.4% for FLHY. Worst drawdown: FLHY -12.0% vs FSYD -12.1%.
Should I hold both FLHY and FSYD?
FLHY and FSYD have a monthly-return correlation of 0.98, 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, FLHY or FSYD?
FLHY yields 6.68% while FSYD yields 7.12%, so FSYD currently pays the higher dividend yield.
Is FSYD better than FLHY?
FLHY has a lower expense ratio. FSYD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.