FLHY vs USHY
Franklin High Yield Corporate ETF vs iShares Broad USD High Yield Corporate Bond ETF
Which is better, FLHY or USHY?
FLHY has been ahead.
USHY has a lower expense ratio. FLHY led over 1Y, 3Y, 5Y and the full window.
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 | USHY |
|---|---|---|
| Expense Ratio | 0.40% | 0.08%Best |
| AUM | $1.2B | $25.1B |
| Dividend Yield | 6.68% | 7.12% |
| Holdings | 295 | 3,787 |
| YTD Return | -4.57%Best | -5.10% |
| 1Y Return | -3.09%Best | -4.07% |
| 3Y Return (annualized) | +6.64%Best | +6.37% |
| 5Y Return (annualized) | +2.81%Best | +2.35% |
| Volatility (annualized) | 8.3%Best | 10.0% |
| Max Drawdown | -22.6%Best | -31.0% |
| $10,000 over 5 years | $11,486Best | $11,232 |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | May 30, 2018 | Oct 25, 2017 |
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 USHY 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 USHY Performance
Franklin High Yield Corporate ETF (FLHY) is an ETF from Franklin Templeton Investments (US) and iShares Broad USD High Yield Corporate Bond ETF (USHY) is an ETF from iShares by BlackRock (US). Over the past year FLHY returned -3.09% while USHY returned -4.07%. Year to date, FLHY is down 4.57% versus a loss of 5.10% for USHY.
Over three years, FLHY compounded at +6.64% per year against +6.37% for USHY; over five years the annualized figures are +2.81% and +2.35% respectively. Across the full 8-year window we track, FLHY has the edge at +4.68% annualized vs +1.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USHY has been the more volatile fund, with annualized monthly volatility of 10.0% 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 -31.0% for USHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLHY charges 0.40% per year while USHY charges 0.08%. On a $10,000 position that is $40 vs $8 annually, a gap of $32 per year that compounds over a long holding period. On income, FLHY currently yields 6.68% against 7.12% for USHY.
Holdings Overlap
We hold position weights for 181 holdings in FLHY and 1,445 in USHY, totalling 62.3% and 74.4% 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, 161 positions appear in both.
161 positions in common, counted across the 181 positions we hold weights for in FLHY and 1,445 in USHY, against full books of 295 and 3,787.
Top Shared Holdings
| Stock | Weight in FLHY | Weight in USHY | Difference |
|---|---|---|---|
| DVA 4.625 06/01/30 1Davita Inc Sr Nt 144a 4.625 2030-06-01 | 0.94% | 0.20% | 0.74% |
| PETM 7.5 09/15/32Petsmart Llc/Petsmart Fi Sr Secured 144A 09/32 7.5 | 0.84% | 0.15% | 0.69% |
| SKX 10 07/15/33 144aBeach Acquisition Bidco 10.00 2033-07-15 | 0.82% | 0.17% | 0.65% |
| LEEREN 4.25 07/01/29Leeward Renewabl 4.25% 01-Jul-2029. | 0.87% | 0.02% | 0.85% |
| NOVHOL 6.75 04/15/32Clydesdale Acquisition Holdings Inc Aka Novolex 6.75% 04/15/2032 | 0.78% | 0.10% | 0.68% |
| ISATLN 9 09/15/29 14Connect Finco Sarl 9 09/15/2029 | 0.70% | 0.18% | 0.52% |
| MOHEGN 8.25 04/15/30Mohegan Tribal Gaming Authority / Ms Digital Entertainment Holdings, Llc | 0.81% | 0.06% | 0.75% |
| OPALBD 6.5 03/31/32 | 0.78% | 0.09% | 0.69% |
| PSDO 7.5 06/01/31 14Fortress Intermediate 7.5% 01Jun2031 | 0.80% | 0.05% | 0.75% |
| KEDRIM 6.5 09/01/29 | 0.80% | 0.05% | 0.75% |
You are not choosing between two funds in isolation.
Whichever of FLHY and USHY 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 USHY?
FLHY has an expense ratio of 0.40% while USHY charges 0.08%. USHY is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FLHY or USHY?
Over the past year FLHY returned -3.09% vs -4.07% for USHY, so FLHY leads on 1-year performance. Over the longest common window we track (8 years), FLHY annualized +4.68% vs +1.78% for USHY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLHY or USHY?
USHY has been the more volatile fund at 10.0% annualized versus 8.3% for FLHY. Worst drawdown: FLHY -22.6% vs USHY -31.0%.
Should I hold both FLHY and USHY?
FLHY and USHY have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLHY or USHY?
FLHY yields 6.68% while USHY yields 7.12%, so USHY currently pays the higher dividend yield.
Is USHY better than FLHY?
USHY has a lower expense ratio. FLHY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.