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FLHY vs JNK: Differences, Returns & Fees

On Jun 30, 2026 FLHY's duration was 3.1 years and JNK's 3.4; both charge 0.40%. Net assets on Oct 20, 2026: $1.2bn for Franklin High Yield Corporate ETF and $5.5bn for State Street SPDR Bloomberg High Yield Bond ETF.

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Ask IQ about FLHY and JNK

Answers cite the figures on this page.

Both cost 0.40% a year; their one-year returns differ by 0.9 points; JNK is 4.5 times larger.

Points (pts) are percentage points.

FLHY vs JNK: Differences, Returns & Fees
FLHYJNK
Expense ratio0.40%0.40%
Net assets$1.2bn$5.5bn
Total return, 1 year+2.0%+1.1%
What it tracksNo index, actively managedBloomberg High Yield Very Liquid Index
Holdings in common21%
Below its high3.0%, high on Aug 25, 2026

Holdings in common uses holdings dated Jun 30, 2026.

+2.0%
FLHY total return, 1 year
+1.1%
JNK total return, 1 year
0.40%
FLHY expense ratio
0.40%
JNK expense ratio

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Client brief · page 1 of 2Report BR-C81164A918

FLHY and JNK are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FLHY follows No index, actively managed and JNK follows Bloomberg High Yield Very Liquid Index.
  2. Holdings in common. 21% of the weight is in the same securities (holdings dated Jun 30, 2026).
  3. Number of holdings. FLHY holds 289 positions and JNK holds 1141.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, FLHY and JNK hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

half

21% in common

Positions both hold, largest shared weight first
Holding FLHY JNK
TRACTD 6.5 05/01/31 144A, due May 1, 2031 0.43% 0.48%
TRACTC 5.875 03/01/31 144A, due Mar 1, 2031 0.52% 0.39%
VENLNG 9.5 02/01/29 144A, due Feb 1, 2029 0.59% 0.37%
WULF 7.75 10/15/30 144A, due Oct 15, 2030 0.55% 0.34%
ASUCOR 8 12/31/32 144A, due Dec 31, 2032 0.36% 0.34%
EA 7.25 07/01/33 144A, due Jul 1, 2033 0.31% 0.30%
APLD 9.25 12/15/30 144A, due Dec 15, 2030 0.83% 0.27%
JANEST 6.125 11/01/32 144A, due Nov 1, 2032 0.30% 0.26%
PFORGE 6.75 03/15/31 144A, due Mar 15, 2031 0.55% 0.24%
ISATLN 9 09/15/29 144A, due Sep 15, 2029 0.72% 0.24%
ASUCOR 8.375 02/01/34 144A, due Feb 1, 2034 0.24% 0.34%
EA 8.75 07/01/34 144A, due Jul 1, 2034 0.41% 0.24%
Only in FLHY
DVA 4.625 06/01/30 144A, due Jun 1, 2030 0.93%
SKX 10 07/15/33 144a, due Jul 15, 2033 0.87%
LEEREN 4.25 07/01/29 144A, due Jul 1, 2029 0.79%
BANIJA 8.125 05/01/29 144A, due May 1, 2029 0.72%
VST 7.75 10/15/31 144A, due Oct 15, 2031 0.65%
RCOLIN 12.25 09/01/29 144A, due Sep 1, 2029 0.65%
NEWARC 9.75 03/01/33 144A, due Mar 1, 2033 0.58%
FLTR 5.875 06/04/31 144A, due Jun 4, 2031 0.57%
Only in JNK
1261229 BC Ltd, due Apr 15, 2032 0.63%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.56%
EchoStar Corp, due Nov 30, 2029 0.51%
Cloud Software Group Inc, due Mar 31, 2029 0.41%
DISH Network Corp, due Nov 15, 2027 0.40%
Cloud Software Group Inc, due Sep 30, 2029 0.37%
CRC Insurance Group LLC, due Jun 1, 2031 0.36%
Core Scientific Finance I LLC, due May 15, 2031 0.36%

Check overlap with more funds →

On the same fields

FLHY
Franklin High Yield Corporate ETF
JNK
State Street SPDR Bloomberg High Yield Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Franklin State Street
What it is Actively managed Tracks the Bloomberg High Yield Bond
Total return, 1 year +2.0% +1.1%
Its benchmark over the same days +1.2% (USHY) −1.9% (AGG)
Gap to its benchmark +0.8 pts vs USHY +3.0 pts vs AGG
Expense ratio 0.40% 0.40%
Holdings 289 1141
Net assets $1.2bn $5.5bn

FLHY and JNK on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FLHY

FLHY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +2.0% with distributions reinvested, against +1.2% for its benchmark, the ICE BofA U.S. High Yield Constrained Index. The prospectus expense ratio is 0.40% a year.

About JNK

JNK tracks the Bloomberg High Yield Bond. Over the year to Oct 20, 2026 it returned +1.1% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. It sat 3.0% below its high of Aug 25, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, FLHY or JNK?
In the year to Oct 20, 2026, with distributions reinvested, FLHY returned +2.0% and JNK +1.1%.
Which is cheaper, FLHY or JNK?
Neither: FLHY and JNK both charge 0.40% a year. Fees come from each fund's prospectus.
Other comparisons
FLHY vs SJNKFLHY vs SHYGFLHY vs HYLBFLHY vs SPHYHYGV vs JNKHFSI vs JNKJNK vs SHYGJNK vs USHY
FLHY on its own →JNK on its own →Hold both: look the portfolio through →Rankings →FLHY dividend history →FLHY holdings →JNK dividend history →JNK holdings →Standards and sources →
Where these figures came from
FLHY filings on SEC EDGAR ↗FLHY prospectus with the expense ratio (SEC) ↗Franklin website ↗JNK filings on SEC EDGAR ↗JNK prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FLHY against JNK, data as of Oct 20, 2026. https://etfiq.com/compare/any/flhy-vs-jnk

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.