FLHYvsNHYBETF Comparison
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Franklin High Yield Corporate ETF (FLHY) belongs to the Intl HY Bonds segment. Nuveen High Yield Corporate Bond ETF (NHYB) is part of the US Corporate HY Bonds segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Consumer Services. FLHY is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.08% for NHYB. FLHY is down -3.45% year-to-date (YTD) with +$572M in YTD flows. NHYB performs better with 0.51% YTD performance, and +$281M in YTD flows. Run a side-by-side ETF comparison of FLHY and NHYB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLHY vs NHYB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLHY NHYB | -2.08%-1.38% | -3.53%-1.69% | -3.45%+0.51% | -2.71%+2.09% | +20.55%n/a | +6.57%n/a |
| Flows | FLHY NHYB | -$13M+$58M | +$46M+$148M | +$572M+$281M | +$642M+$1.77B | +$1.02B- | +$979M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLHY NHYB | +3.58%+2.90% | +3.23%+2.64% | +3.34%n/a | +4.68%n/a |
| Max drawdown | FLHY NHYB | -4.08%-2.80% | -4.82%-2.80% | -4.82%n/a | -18.64%n/a |
| Max drawdown duration | FLHY NHYB | 50d50d | 240d50d | 240dn/a | 1008dn/a |
Trading data
FLHY | NHYB | |
Last sale 10/16/2026 at 1:30 PM | $23.34 | $23.81 |
| Previous close 10/15/2026 | $23.39 | $23.90 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FLHY
is actively managed and doesn’t replicate an indexFLHY | NHYB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FLHY | NHYB | |
|---|---|---|
| Last price | $23.34 | $23.81 |
| 1D performance | -0.21% | -0.38% |
| AuM | $1.22 B | $1.79 B |
| E/R | 0.4% | 0.08% |
Characteristics
FLHY | NHYB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Nuveen |
| Benchmark | - | ICE BofA BB-B US Cash Pay High Yield Constrained Index |
| N° of holdings | 279 | 1649 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 30, 2018 | September 24, 2025 |
| ESG | No | No |
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Exposure
Countries
FLHY
USA
82.48%
Other
17.52%
NHYB
USA
87.2%
Other
12.8%
Sectors
FLHY
Finance
16.64%
Industrials
15.12%
Consumer Services
13.56%
Energy
12.97%
Non-Energy Materi.
8.29%
Other
33.42%
NHYB
Finance
17%
Industrials
11.65%
Consumer Services
11.6%
Energy
9.73%
Non-Energy Materi.
8.63%
Business Services
7.13%
Other
34.26%
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Diversification
FLHY
Total weight of top 15 holdings out of 15
12.82%
NHYB
Total weight of top 15 holdings out of 15
4.75%
Top 15 holdings
Data as of August 31, 2026
FLHY
Archrock Partners, 6% 1feb2034, USD
1.00%
DaVita, 4.625% 1jun2030, USD
0.97%
Industrial F&B Investments III, 7.75% 11feb2033, USD
0.91%
DexKo Global, 7.5% 15apr2032, USD
0.89%
Leeward Renewable Energy Operating, 4.25% 1jul2029, USD
0.88%
PetSmart, 7.5% 15sep2032, USD
0.88%
US28201XAB10
0.85%
Mohegan Gaming & Entertainment, 8.25% 15apr2030, USD
0.84%
Beach Acquisition Bidco, 10% 15jul2033, USD
0.83%
Fortress Intermediate 3, 7.5% 1jun2031, USD
0.83%
Froneri Lux Finco, 6% 1aug2032, USD
0.81%
Kedrion, 6.5% 1sep2029, USD
0.80%
A&K Travel Group Holdings, 7.5% 15may2033, USD
0.79%
Clydesdale Acquisition Holdings, 6.75% 15apr2032, USD
0.79%
Banijay Entertainment, 8.125% 1may2029, USD
0.77%
NHYB
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
1261229 B.C., 10% 15apr2032, USD
0.46%
EchoStar, 10.75% 30nov2029, USD
0.41%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.34%
Centene, 2.625% 1aug2031, USD
0.33%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.31%
Cloud Software Group, 9% 30sep2029, USD
0.29%
CCO Holdings, 4.25% 1feb2031, USD
0.29%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.28%
Quikrete Holdings, 6.375% 1mar2032, USD
0.28%
Venture Global LNG, 9.5% 1feb2029, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Stingray Compute, 6% 15jun2031, USD
0.25%
Centene, 2.45% 15jul2028, USD
0.25%
Venture Global Plaquemines LNG, 6.75% 15jan2036, USD
0.24%
Frequently asked questions about FLHY and NHYB
How have the FLHY and NHYB ETFs performed in 2026?
As of October 16, 2026, FLHY is down -3.45% year-to-date (YTD), while NHYB has returned 0.51%. That puts NHYB better performer ahead so far this year.
Which ETF is attracting more investor money: FLHY or NHYB?
Year-to-date, the FLHY ETF saw +$572M in flows, compared to +$281M for NHYB.
Which ETF is more volatile: FLHY or NHYB?
Over the past year, FLHY had a volatility of 3.23%, while NHYB experienced 2.64%.
Which ETF is bigger: FLHY or NHYB?
As of October 16, 2026, FLHY holds $1.22 B in assets under management (AUM), while NHYB manages $1.79 B.
What sectors do the FLHY and NHYB ETFs invest in?
FLHY leans toward sectors like Finance, Industrials and Consumer Services. Meanwhile, NHYB focuses on Finance, Industrials and Consumer Services.
What are the top holdings of the FLHY ETF and NHYB ETF?
FLHY top holdings include Archrock Partners, 6% 1feb2034, USD, DaVita, 4.625% 1jun2030, USD and Industrial F&B Investments III, 7.75% 11feb2033, USD. NHYB holds in its top three: Meridian Arc HoldCo, 6.25% 30apr2031, USD, 1261229 B.C., 10% 15apr2032, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: FLHY or NHYB?
FLHY holds 285 securities with 12.82% of its assets in the top 15. NHYB has 1671 securities and a top 15 weight of 4.75%.
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