FLHY vs SPY

Comparison between FRANKLIN HIGH YIELD CORPORATE ETF (FLHY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FLHY, delivering a return of +13.8% compared to +4.8%

FLHY vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLHY(ETF)	SPY(ETF)
Net Assets	$1.10B	$735B
Expense Ratio	0.40%	0.09%
Max Drawdown	22.98%	56.47%
Sharpe Ratio	1.43	2.03
5Y Beta	0.24	1.00
P/E Ratio	N/A	28.55
Forward P/E	N/A	22.00
5Y Dividends CAGR	5.13%	5.43%
5Y EPS CAGR	N/A	25.29%
Debt to Equity	N/A	22.22%
P/S Ratio	N/A	3.63
P/B Ratio	N/A	5.45

Net Assets

FLHY

$1.10B

Winner

SPY

$735B

Expense Ratio

FLHY

0.40%

Winner

SPY

0.09%

Max Drawdown

Winner

FLHY

22.98%

SPY

56.47%

Sharpe Ratio

FLHY

1.43

Winner

SPY

2.03

5Y Beta

Winner

FLHY

0.24

SPY

1.00

P/E Ratio

FLHY

N/A

SPY

28.55

Forward P/E

FLHY

N/A

SPY

22.00

5Y Dividends CAGR

FLHY

5.13%

Winner

SPY

5.43%

5Y EPS CAGR

FLHY

N/A

SPY

25.29%

Debt to Equity

FLHY

N/A

SPY

22.22%

P/S Ratio

FLHY

N/A

SPY

3.63

P/B Ratio

FLHY

N/A

SPY

5.45

FLHY vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	FLHY	SPY
1 month	+0.66%	+8.81%
3 months	+0.56%	+7.14%
6 months	+2.72%	+8.86%
1 year	+8.66%	+28.27%
5 years(CAGR)	+4.81%	+13.84%
10 years(CAGR)	N/A	+15.48%
Max(CAGR)	+5.94%	+8.50%

FLHY

+0.66%

Winner

SPY

+8.81%

FLHY

+0.56%

Winner

SPY

+7.14%

FLHY

+2.72%

Winner

SPY

+8.86%

FLHY

+8.66%

Winner

SPY

+28.27%

5Y(CAGR)

FLHY

+4.81%

Winner

SPY

+13.84%

10Y(CAGR)

FLHY

N/A

SPY

+15.48%

Max(CAGR)

FLHY

+5.94%

Winner

SPY

+8.50%

FLHY vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FLHY	SPY
2026	+1.66%	+8.52%
2025	+9.08%	+18.00%
2024	+8.69%	+25.59%
2023	+13.35%	+26.72%
2022	-10.35%	-18.64%
2021	+4.62%	+30.52%
2020	+7.41%	+17.28%
2019	+16.64%	+31.09%
2018	-1.32%	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

FLHY vs SPY Drawdown Comparison

The maximum drawdown for FLHY was -22.58%, occurring on Mar 23, 2020. Recovery took 116 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FLHY drawdown is -0.28%.

Rank	FLHY	SPY
#1	-22.58% Feb 12, 2020 - Jul 29, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-15.19% Dec 27, 2021 - Dec 13, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-5.44% Sep 28, 2018 - Jan 18, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-4.50% Mar 3, 2025 - May 12, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-2.48% Sep 15, 2021 - Dec 22, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-2.46% Sep 2, 2020 - Oct 7, 2020	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.43% Feb 18, 2026 - Apr 9, 2026	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.42% Feb 12, 2021 - May 3, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.75% Mar 27, 2024 - May 3, 2024	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.61% Oct 12, 2020 - Nov 5, 2020	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.60% Apr 30, 2019 - Jun 11, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.55% Dec 4, 2024 - Jan 21, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.52% Dec 27, 2023 - Jan 29, 2024	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.42% Jul 3, 2019 - Aug 27, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.40% Jan 16, 2020 - Feb 11, 2020	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FLHY and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (1999 - 2026)

FLHY vs SPY dividend yield comparison.

Year	FLHY	SPY
2026	2.10%	0.24%
2025	6.53%	1.07%
2024	6.51%	1.21%
2023	6.26%	1.40%
2022	6.54%	1.65%
2021	5.76%	1.20%
2020	5.47%	1.52%
2019	5.61%	1.75%
2018	4.27%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%