FLHY vs VOO
Franklin High Yield Corporate ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FLHY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $1.3B | $997.4B | |
| Dividend Yield | 6.52% | 1.08% | |
| Holdings | 292 | 509 | |
| YTD Return | -0.80% | +12.38% | |
| 1Y Return | +1.42% | +20.22% | |
| 3Y Return (annualized) | +7.53% | +21.79% | |
| 5Y Return (annualized) | +3.69% | +12.84% | |
| Volatility (annualized) | 8.2% | 14.1% | |
| Max Drawdown | -22.6% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 30, 2018 | Sep 7, 2010 |
FLHY vs VOO Performance
Franklin High Yield Corporate ETF (FLHY) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FLHY returned +1.42% while VOO returned +20.22%. Year to date, FLHY is down 0.80% versus a gain of 12.38% for VOO.
Over three years, FLHY compounded at +7.53% per year against +21.79% for VOO; over five years the annualized figures are +3.69% and +12.84% respectively. Across the full 8-year window we track, VOO has the edge at +13.45% annualized vs +5.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.2% 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, FLHY currently yields 6.52% against 1.08% for VOO.
Holdings Overlap
FLHY and VOO share 1 holdings out of 698 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLHY | Weight in VOO | Difference |
|---|---|---|---|
| GOOGL | 0.17% | 3.25% | 3.08% |
Frequently Asked Questions
Which is cheaper, FLHY or VOO?
FLHY has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, FLHY or VOO?
Over the past year FLHY returned +1.42% vs +20.22% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), FLHY annualized +5.25% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, FLHY or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.2% for FLHY. Worst drawdown: FLHY -22.6% vs VOO -34.3%.
Should I hold both FLHY and VOO?
FLHY and VOO have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLHY and VOO?
FLHY and VOO share 1 common holdings with a 0.2% weight overlap. Combined, they hold 698 unique securities.
Which pays a higher dividend, FLHY or VOO?
FLHY yields 6.52% while VOO yields 1.08%, so FLHY currently pays the higher dividend yield.
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