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ETFs

Franklin High Yield Corporate ETF

FLHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 30 2018
Expense Ratio
0.40%
Type
Global Bonds
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$796,068
AUM
$227,856,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Cash Equivalents
3.38%
VSTE4664876
VISTRA CORP
1.31%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
1.23%
TTM5219231
JAGUAR LAND ROVER AUTOMO
1.07%
URI/27
United Rentals (North America), Inc. - 5.50% NT REDEEM 15/05/2027 USD 2000
1.00%
PMOI5277558
HARBOUR ENERGY PLC
1.00%
n/a
MRT MID PART/MRT MID FIN
0.95%
DVA4994337
DAVITA INC
0.93%
BWY5534383
MAUSER PACKAGING SOLUT
0.91%
CCL5129977
CARNIVAL CORP
0.90%
Invest with FLHY

What is FLHY?

The fund seeks a high level of current income with a secondary goal of seeking capital appreciation. The fund invests at least 80% of its net assets in high yield corporate debt securities and investments that provide exposure to high yield corporate debt securities. High yield debt securities are those that are rated below investment grade, also known as junk bonds. The Fund may invest in debt securities of U.S. and foreign issuers, including those in developing or emerging markets. These securities may be U.S. dollar or non-U.S. dollar denominated.

ETFs related toFLHY

ETFs correlated to FLHY include HYBB, JNK, BBHY

FLHY
Franklin Templeton ETF Trust - Franklin High Yield Corporate ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLHY

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLHY using Composer

FAQ

FLHY is a Global Bonds ETF. The fund seeks a high level of current income with a secondary goal of seeking capital appreciation. The fund invests at least 80% of its net assets in high yield corporate debt securities and investments that provide exposure to high yield corporate debt securities. High yield debt securities are those that are rated below investment grade, also known as junk bonds. The Fund may invest in debt securities of U.S. and foreign issuers, including those in developing or emerging markets. These securities may be U.S. dollar or non-U.S. dollar denominated.

Yes, FLHY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FLHY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLHY is 0.0029%. This is the percent change in the value of FLHY over the most recent 1-month period. The 3-month return on FLHY is 0.0137%. This is the percent change in the value of FLHY over the most recent 3-month period.

The standard deviation of FLHY for the past year is 0.0868%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLHY include IGSB, SPIB, and VCIT.

ETFs correlated to FLHY include HYBB, JNK, and BBHY.

ETFs that are inversely correlated to FLHY include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.