FLSP vs VYM
Franklin Systematic Style Premia ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FLSP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.04% | |
| AUM | $1.1B | $81.6B | |
| Dividend Yield | 2.54% | 2.24% | |
| Holdings | 598 | 616 | |
| YTD Return | +5.42% | +14.84% | |
| 1Y Return | +15.09% | +20.88% | |
| 3Y Return (annualized) | +9.74% | +18.34% | |
| 5Y Return (annualized) | +8.25% | +12.04% | |
| Volatility (annualized) | 8.1% | 14.6% | |
| Max Drawdown | -22.8% | -58.8% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 18, 2019 | Nov 10, 2006 |
FLSP vs VYM Performance
Franklin Systematic Style Premia ETF (FLSP) is a ETF from Franklin Templeton Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FLSP returned +15.09% while VYM returned +20.88%. Year to date, FLSP is up 5.42% versus a gain of 14.84% for VYM.
Over three years, FLSP compounded at +9.74% per year against +18.34% for VYM; over five years the annualized figures are +8.25% and +12.04% respectively. Across the full 7-year window we track, VYM has the edge at +7.01% annualized vs +4.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 8.1% for FLSP. 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 -22.8% for FLSP and -58.8% for VYM. 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLSP charges 0.65% per year while VYM charges 0.04%. On a $10,000 position that is $65 vs $4 annually, a gap of $61 per year that compounds over a long holding period. On income, FLSP currently yields 2.54% against 2.24% for VYM.
Holdings Overlap
FLSP and VYM share 127 holdings out of 958 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLSP or VYM?
FLSP has an expense ratio of 0.65% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, FLSP or VYM?
Over the past year FLSP returned +15.09% vs +20.88% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), FLSP annualized +4.51% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, FLSP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 8.1% for FLSP. Worst drawdown: FLSP -22.8% vs VYM -58.8%.
Should I hold both FLSP and VYM?
FLSP and VYM have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLSP and VYM?
FLSP and VYM share 127 common holdings with a 15.8% weight overlap. Combined, they hold 958 unique securities.
Which pays a higher dividend, FLSP or VYM?
FLSP yields 2.54% while VYM yields 2.24%, so FLSP currently pays the higher dividend yield.
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