FLHY vs THYF
Franklin High Yield Corporate ETF vs T. Rowe Price US High Yield ETF
Which is better, FLHY or THYF?
THYF has been ahead.
FLHY has a lower expense ratio. THYF led over 1Y, 3Y and the full window. 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 | THYF |
|---|---|---|
| Expense Ratio | 0.40%Best | 0.50% |
| AUM | $1.2B | $825M |
| Dividend Yield | 6.68% | 7.00% |
| Holdings | 295 | 105 |
| YTD Return | -4.57% | +0.08%Best |
| 1Y Return | -3.09% | +2.12%Best |
| 3Y Return (annualized) | +6.64% | +7.87%Best |
| 5Y Return (annualized) | +2.81% | - |
| Volatility (annualized) | 5.4%Best | 5.7% |
| Max Drawdown | -5.5% | -5.2%Best |
| $10,000 over 4 years | $13,044 | $13,177Best |
| Fund Family | Franklin Templeton Investments (US) | T.Rowe Price |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | May 30, 2018 | Oct 25, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 26, 2022 to Oct 14, 2026 (4 years).
FLHY vs THYF 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 years both funds cover.
FLHY vs THYF Performance
Franklin High Yield Corporate ETF (FLHY) is an ETF from Franklin Templeton Investments (US) and T. Rowe Price US High Yield ETF (THYF) is an ETF from T.Rowe Price. Over the past year FLHY returned -3.09% while THYF returned +2.12%. Year to date, FLHY is down 4.57% versus a gain of 0.08% for THYF.
Over three years, FLHY compounded at +6.64% per year against +7.87% for THYF. Across the full 4-year window we track, THYF has the edge at +7.14% annualized vs +6.87%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THYF has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 5.4% 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 -5.5% for FLHY and -5.2% for THYF. 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 THYF charges 0.50%. On a $10,000 position that is $40 vs $50 annually, a gap of $10 per year that compounds over a long holding period. On income, FLHY currently yields 6.68% against 7.00% for THYF.
Holdings Overlap
We hold position weights for 181 holdings in FLHY and 53 in THYF, totalling 62.3% and 46.2% 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, 7 positions appear in both.
7 positions in common, counted across the 181 positions we hold weights for in FLHY and 53 in THYF, against full books of 295 and 105.
Top Shared Holdings
| Stock | Weight in FLHY | Weight in THYF | Difference |
|---|---|---|---|
| HLT 5.75 09/15/33 14Hilton Domestic Operating Co Inc 5.75 09/15/2033 | 0.66% | 0.98% | 0.32% |
| IQV 6.25 06/01/32 14Iqvia Inc 144A 6.38% Jun 01, 2032 | 0.61% | 0.98% | 0.37% |
| ILIADH 7 04/15/32 14Iliad Holding Sas Sr Secured 144A 04/32 7 | 0.26% | 0.98% | 0.72% |
| CRGYFN 8.375 01/15/3Crescent Energy Finance 8.38% 15Jan2034 | 0.40% | 0.72% | 0.32% |
| ADVGRO 8 08/01/33 14Osaic Holdings Inc 8% 08/01/33 8 2033-08-01 | 0.68% | 0.30% | 0.38% |
| MCFE 7.375 02/15/30 | 0.41% | 0.51% | 0.10% |
| VEGLPL 6.75 01/15/36Venture Global Plaque Sr Secured 144A 01/36 6.75 | 0.35% | 0.21% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of FLHY and THYF 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 THYF?
FLHY has an expense ratio of 0.40% while THYF charges 0.50%. FLHY is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FLHY or THYF?
Over the past year FLHY returned -3.09% vs +2.12% for THYF, so THYF leads on 1-year performance. Over the longest common window we track (4 years), FLHY annualized +6.87% vs +7.14% for THYF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLHY or THYF?
THYF has been the more volatile fund at 5.7% annualized versus 5.4% for FLHY. Worst drawdown: FLHY -5.5% vs THYF -5.2%.
Should I hold both FLHY and THYF?
FLHY and THYF 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 THYF?
FLHY yields 6.68% while THYF yields 7.00%, so THYF currently pays the higher dividend yield.
Is THYF better than FLHY?
FLHY has a lower expense ratio. THYF led over 1Y, 3Y and the full window. 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.