FLHY vs HYLS
Franklin High Yield Corporate ETF vs First Trust Tactical High Yield ETF
Which is better, FLHY or HYLS?
Each has led over a different period.
FLHY has a lower expense ratio. FLHY led over 5Y and the full window, HYLS over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94.
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 | HYLS |
|---|---|---|
| Expense Ratio | 0.40%Best | 1.05% |
| AUM | $1.2B | $1.6B |
| Dividend Yield | 6.68% | 6.92% |
| Holdings | 295 | 662 |
| YTD Return | -4.57% | -0.95%Best |
| 1Y Return | -3.09% | +0.00%Best |
| 3Y Return (annualized) | +6.64% | +6.89%Best |
| 5Y Return (annualized) | +2.81%Best | +2.26% |
| Volatility (annualized) | 8.3%Best | 8.4% |
| Max Drawdown | -22.6%Best | -23.5% |
| $10,000 over 5 years | $11,486Best | $11,182 |
| Fund Family | Franklin Templeton Investments (US) | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | May 30, 2018 | Feb 25, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 1, 2018 to Oct 14, 2026 (8.4 years).
FLHY vs HYLS 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 8.4 years both funds cover.
FLHY vs HYLS Performance
Franklin High Yield Corporate ETF (FLHY) is an ETF from Franklin Templeton Investments (US) and First Trust Tactical High Yield ETF (HYLS) is an ETF from First Trust Portfolios (US). Over the past year FLHY returned -3.09% while HYLS returned +0.00%. Year to date, FLHY is down 4.57% versus a loss of 0.95% for HYLS.
Over three years, FLHY compounded at +6.64% per year against +6.89% for HYLS; over five years the annualized figures are +2.81% and +2.26% respectively. Across the full 8-year window we track, FLHY has the edge at +4.68% annualized vs +2.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYLS has been the more volatile fund, with annualized monthly volatility of 8.4% compared with 8.3% 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 -22.6% for FLHY and -23.5% for HYLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 HYLS charges 1.05%. On a $10,000 position that is $40 vs $105 annually, a gap of $65 per year that compounds over a long holding period. On income, FLHY currently yields 6.68% against 6.92% for HYLS.
You are not choosing between two funds in isolation.
Whichever of FLHY and HYLS 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 HYLS?
FLHY has an expense ratio of 0.40% while HYLS charges 1.05%. FLHY is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, FLHY or HYLS?
Over the past year FLHY returned -3.09% vs +0.00% for HYLS, so HYLS leads on 1-year performance. Over the longest common window we track (8 years), FLHY annualized +4.68% vs +2.00% for HYLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLHY or HYLS?
HYLS has been the more volatile fund at 8.4% annualized versus 8.3% for FLHY. Worst drawdown: FLHY -22.6% vs HYLS -23.5%.
Should I hold both FLHY and HYLS?
FLHY and HYLS have a monthly-return correlation of 0.94, 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 HYLS?
FLHY yields 6.68% while HYLS yields 6.92%, so HYLS currently pays the higher dividend yield.
Is HYLS better than FLHY?
FLHY has a lower expense ratio. FLHY led over 5Y and the full window, HYLS over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.