FLHY vs JPHY
Franklin High Yield Corporate ETF vs JPMorgan Active High Yield ETF
Which is better, FLHY or JPHY?
JPHY has been ahead.
FLHY has a lower expense ratio. JPHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | JPHY |
|---|---|---|
| Expense Ratio | 0.40%Best | 0.45% |
| AUM | $1.2B | $2.2B |
| Dividend Yield | 6.68% | 6.58% |
| Holdings | 295 | 1,098 |
| YTD Return | -4.57% | +0.66%Best |
| 1Y Return | -3.09% | +2.32%Best |
| 3Y Return (annualized) | +6.64% | - |
| 5Y Return (annualized) | +2.81% | - |
| Volatility (annualized) | 3.9% | 2.9%Best |
| Max Drawdown | -5.5% | -2.5%Best |
| $10,000 over 1.3 years | $9,934 | $10,477Best |
| Fund Family | Franklin Templeton Investments (US) | J.P. Morgan Asset Management |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | May 30, 2018 | Jun 24, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 25, 2025 to Oct 14, 2026 (1.3 years).
FLHY vs JPHY 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 1.3 years both funds cover.
FLHY vs JPHY Performance
Franklin High Yield Corporate ETF (FLHY) is an ETF from Franklin Templeton Investments (US) and JPMorgan Active High Yield ETF (JPHY) is an ETF from J.P. Morgan Asset Management. Over the past year FLHY returned -3.09% while JPHY returned +2.32%. Year to date, FLHY is down 4.57% versus a gain of 0.66% for JPHY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLHY has been the more volatile fund, with annualized monthly volatility of 3.9% compared with 2.9% for JPHY. 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 -5.5% for FLHY and -2.5% for JPHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 JPHY charges 0.45%. On a $10,000 position that is $40 vs $45 annually, a gap of $5 per year that compounds over a long holding period. On income, FLHY currently yields 6.68% against 6.58% for JPHY.
Holdings Overlap
We hold position weights for 181 holdings in FLHY and 387 in JPHY, totalling 62.3% and 79.5% 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, 55 positions appear in both.
55 positions in common, counted across the 181 positions we hold weights for in FLHY and 387 in JPHY, against full books of 295 and 1,098.
Top Shared Holdings
| Stock | Weight in FLHY | Weight in JPHY | Difference |
|---|---|---|---|
| RCL 6 02/01/33 144ARoyal Caribbean Cruises Ltd. 6 02/01/2033 | 0.32% | 1.00% | 0.68% |
| PETM 7.5 09/15/32Petsmart Llc/Petsmart Fi Sr Secured 144A 09/32 7.5 | 0.84% | 0.34% | 0.50% |
| IQV 6.25 06/01/32 14Iqvia Inc 144A 6.38% Jun 01, 2032 | 0.61% | 0.50% | 0.11% |
| NOVHOL 6.75 04/15/32Clydesdale Acquisition Holdings Inc Aka Novolex 6.75% 04/15/2032 | 0.78% | 0.28% | 0.50% |
| ISATLN 9 09/15/29 14Connect Finco Sarl 9 09/15/2029 | 0.70% | 0.29% | 0.41% |
| EMECLI 6.625 12/15/3Emerald Debt Merger Sub Llc 144A 6.63% Dec 15, 2030 | 0.15% | 0.70% | 0.55% |
| HLT 5.75 09/15/33 14Hilton Domestic Operating Co Inc 5.75 09/15/2033 | 0.66% | 0.14% | 0.52% |
| VST 7.75 10/15/31 14Vistra Operations Company Llc 144A 7.75% Oct 15, 2031 | 0.63% | 0.17% | 0.46% |
| KNTK 5.875 06/15/30 | 0.50% | 0.29% | 0.21% |
| EQMSRM 9 05/15/28 14Equipmentshare.Com Inc Corp. Note 2028-05-15 | 0.46% | 0.33% | 0.13% |
You are not choosing between two funds in isolation.
Whichever of FLHY and JPHY 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 JPHY?
FLHY has an expense ratio of 0.40% while JPHY charges 0.45%. FLHY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, FLHY or JPHY?
Over the past year FLHY returned -3.09% vs +2.32% for JPHY, so JPHY leads on 1-year performance. Over the longest common window we track (1 years), FLHY annualized -0.51% vs +3.65% for JPHY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLHY or JPHY?
FLHY has been the more volatile fund at 3.9% annualized versus 2.9% for JPHY. Worst drawdown: FLHY -5.5% vs JPHY -2.5%.
Should I hold both FLHY and JPHY?
FLHY and JPHY have a monthly-return correlation of 0.93, 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 JPHY?
FLHY yields 6.68% while JPHY yields 6.58%, so FLHY currently pays the higher dividend yield.
Is JPHY better than FLHY?
FLHY has a lower expense ratio. JPHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.