- ISIN
- US46641Q8785
- CUSIP
- 46641Q878
- Issuer
- JPMorgan
- Inception Date
- Sep 14, 2016
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
JPHY Performance Chart
JPMorgan High Yield Research Enhanced ETF (JPHY) is up 2.2% since the beginning of the year. JPHY is currently trading at $50 per share.
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Returns By Period
JPMorgan High Yield Research Enhanced ETF (JPHY) has returned 2.22% so far this year and 5.98% over the past 12 months.
JPMorgan High Yield Research Enhanced ETF
- 1D
- -0.16%
- 1M
- -0.00%
- 6M
- 1.78%
- YTD
- 2.22%
- 1Y
- 5.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
JPHY Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2025, JPHY's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2026 with a return of +1.6%, while the worst month was Mar 2026 at -0.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.
On a daily basis, JPHY closed higher 54% of trading days. The best single day was Mar 31, 2026 with a return of +0.8%, while the worst single day was Mar 20, 2026 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | -0.15% | -0.35% | 1.56% | 0.41% | 0.21% | -0.12% | 2.22% | |||||
| 2025 | 0.62% | -0.00% | 1.30% | 0.79% | 0.09% | 0.91% | 0.30% | 4.06% |
Benchmark Metrics
JPMorgan High Yield Research Enhanced ETF has an annualized alpha of 2.50%, beta of 0.17, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 25, 2025.
- This ETF captured 19.11% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.00%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.17 may look defensive, but with R2 of 0.49 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.50%
- Beta
- 0.17
- R²
- 0.49
- Upside Capture
- 19.11%
- Downside Capture
- -0.00%
Expense Ratio
JPHY has an expense ratio of 0.24%, which is considered low.
Return for Risk
Risk / Return Rank
JPHY ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.21 | +1.42 |
| Martin ratioReturn relative to average drawdown | 16.80 | 9.61 | +7.20 |
Dividends
Dividend History
JPMorgan High Yield Research Enhanced ETF provided a 6.48% dividend yield over the last twelve months, with an annual payout of $3.25 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $3.25 | $1.68 |
Dividend yield | 6.48% | 3.32% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan High Yield Research Enhanced ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.26 | $0.26 | $0.25 | $0.26 | $0.26 | $0.27 | $1.57 | |||||
| 2025 | $0.31 | $0.28 | $0.26 | $0.26 | $0.56 | $1.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan High Yield Research Enhanced ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan High Yield Research Enhanced ETF was 1.65%, occurring on Mar 27, 2026. Recovery took 7 trading sessions.
The current JPMorgan High Yield Research Enhanced ETF drawdown is 0.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.65%Mar 2026 | 1mo 15d | 12d | 1mo 27dFeb 2026 - Apr 2026 |
2025 pullback2025 | -0.98%Oct 2025 | 7d | 12d | 19dOct 2025 - Oct 2025 |
2025 pullback2025 | -0.82%Nov 2025 | 21d | 8d | 29dOct 2025 - Nov 2025 |
2026 pullback2026 | -0.64%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 |
2026 pullback2026 | -0.49%Jul 2026 | 6d | — | 7d 6hJul 2026 - now |
Drawdown Indicators
| JPHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -56.78% | +55.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -9.10% | +7.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.24% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -10.71% | +10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.09% | -1.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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