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FLHY vs SHYG: Differences, Returns & Fees

FLHY's duration was 3.1 years on Jun 30, 2026 and SHYG's 2.1 on Jul 31, 2026; SHYG charges 0.30% to FLHY's 0.40%. Net assets on Oct 20, 2026: $1.2bn for Franklin High Yield Corporate ETF and $7.6bn for iShares 0-5 Year High Yield Corporate Bond ETF.

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Answers cite the figures on this page.

SHYG costs 0.10 points a year less; their one-year returns differ by 0.1 points; SHYG is 6.3 times larger.

FLHY vs SHYG: Differences, Returns & Fees
FLHYSHYG
Expense ratio0.40%0.30%
Net assets$1.2bn$7.6bn
Total return, 1 year+2.0%+2.1%
What it tracksNo index, actively managedMarkit iBoxx USD Liquid High Yield 0-5 Index
Holdings in common12%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

+2.0%
FLHY total return, 1 year
+2.1%
SHYG total return, 1 year
0.40%
FLHY expense ratio
0.30%
SHYG expense ratio

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Client brief · page 1 of 2Report BR-B54F1A71CC

FLHY and SHYG 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 SHYG follows Markit iBoxx USD Liquid High Yield 0-5 Index.
  2. Holdings in common. 12% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
  3. Number of holdings. FLHY holds 289 positions and SHYG holds 1146.

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 SHYG hold 12% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

half

12% in common

Positions both hold, largest shared weight first
Holding FLHY SHYG
TRACTD 6.5 05/01/31 144A, due May 1, 2031 0.43% 0.46%
WULF 7.75 10/15/30 144A, due Oct 15, 2030 0.55% 0.37%
VENLNG 9.5 02/01/29 144A, due Feb 1, 2029 0.59% 0.36%
DVA 4.625 06/01/30 144A, due Jun 1, 2030 0.93% 0.29%
TRACTC 5.875 03/01/31 144A, due Mar 1, 2031 0.52% 0.29%
CHTR 4.5 08/15/30 144A, due Aug 15, 2030 0.47% 0.28%
APLD 9.25 12/15/30 144A, due Dec 15, 2030 0.83% 0.27%
ISATLN 9 09/15/29 144A, due Sep 15, 2029 0.72% 0.24%
NLSN 9.29 04/15/29 144A, due Apr 15, 2029 0.22% 0.29%
PFORGE 6.75 03/15/31 144A, due Mar 15, 2031 0.55% 0.21%
CIFR 7.125 11/15/30 144A, due Nov 15, 2030 0.51% 0.20%
THC 6.125 06/15/30, due Jun 15, 2030 0.19% 0.22%
Only in FLHY
AROC 6 02/01/34 144A, due Feb 1, 2034 0.89%
SKX 10 07/15/33 144a, due Jul 15, 2033 0.87%
THS 7.75 02/11/33 144A, due Feb 11, 2033 0.85%
PETM 7.5 09/15/32, due Sep 15, 2032 0.83%
EBIDCO 7.5 02/15/32 XR, due Feb 15, 2032 0.80%
ICECR 6 08/01/32 144a, due Aug 1, 2032 0.80%
OPALBD 6.5 03/31/32 144A, due Mar 31, 2032 0.76%
ECPG 6.625 06/01/32 144A, due Jun 1, 2032 0.74%
Only in SHYG
Meridian Arc Holdco LLC, due Apr 30, 2031 0.58%
EchoStar Corp, due Nov 30, 2029 0.53%
Cloud Software Group LLC, due Mar 31, 2029 0.43%
Cloud Software Group LLC, due Sep 30, 2029 0.42%
HUB International Ltd, due Jun 15, 2030 0.37%
Core Scientific Finance I LLC, due May 15, 2031 0.34%
DISH DBS Corp, due Dec 1, 2026 0.33%
American Airlines Inc/AAdvantage Loyalty IP Ltd, due Apr 20, 2029 0.32%

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On the same fields

FLHY
Franklin High Yield Corporate ETF
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Franklin iShares
What it is Actively managed Tracks an index
Total return, 1 year +2.0% +2.1%
Its benchmark over the same days +1.2% (USHY) −1.6% (IUSB)
Gap to its benchmark +0.8 pts vs USHY +3.7 pts vs IUSB
Expense ratio 0.40% 0.30%
Holdings 289 1146
Net assets $1.2bn $7.6bn

FLHY and SHYG 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 SHYG

SHYG tracks an index. Over the year to Oct 20, 2026 it returned +2.1% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.30% a year.

Questions people ask

Which returned more over the last year, FLHY or SHYG?
In the year to Oct 20, 2026, with distributions reinvested, FLHY returned +2.0% and SHYG +2.1%.
Which is cheaper, FLHY or SHYG?
SHYG is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLHY vs JNKFLHY vs SPHYFLHY vs SJNKFLHY vs HYGHYGV vs SHYGHFSI vs SHYGSHYG vs SJNKSHYG vs SPHY
FLHY on its own →SHYG on its own →Hold both: look the portfolio through →Rankings →FLHY dividend history →FLHY holdings →SHYG dividend history →SHYG holdings →Standards and sources →
Where these figures came from
FLHY filings on SEC EDGAR ↗FLHY prospectus with the expense ratio (SEC) ↗Franklin website ↗SHYG filings on SEC EDGAR ↗SHYG prospectus with the expense ratio (SEC) ↗iShares page for SHYG ↗

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 SHYG, data as of Oct 20, 2026. https://etfiq.com/compare/any/flhy-vs-shyg

Open data

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