ARKX vs. JPHY

Last updated Jun 26, 2026

ARKX (ARK Space Exploration & Innovation ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both exchange-traded funds - ARKX is a Aerospace & Defense fund actively managed by ARK, while JPHY is a High Yield Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past year, ARKX returned 40.43% vs 6.32% for JPHY. A 0.53 correlation means they provide meaningful diversification when combined. ARKX charges 0.75%/yr vs 0.24%/yr for JPHY.

Performance

ARKX vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Space Exploration & Innovation ETF (ARKX) and JPMorgan High Yield Research Enhanced ETF (JPHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKX achieves a 10.14% return, which is significantly higher than JPHY's 2.24% return.

ARKX

• 1D: -0.81%
• 1M: -12.09%
• YTD: 10.14%
• 6M: 6.26%
• 1Y: 40.43%
• 3Y*: 30.83%
• 5Y*: 8.59%
• 10Y*: —

JPHY

• 1D: 0.02%
• 1M: 0.26%
• YTD: 2.24%
• 6M: 2.21%
• 1Y: 6.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKX vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
ARKX ARK Space Exploration & Innovation ETF	10.14%	28.86%
JPHY JPMorgan High Yield Research Enhanced ETF	2.24%	4.06%

Correlation

The correlation between ARKX and JPHY is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.53

The correlation between ARKX and JPHY has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

ARKX vs. JPHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKX

ARKX Risk / Return Rank: 38
ARKX Sharpe Ratio Rank: 37
ARKX Sortino Ratio Rank: 37
ARKX Omega Ratio Rank: 33
ARKX Calmar Ratio Rank: 45
ARKX Martin Ratio Rank: 37

JPHY

JPHY Risk / Return Rank: 84
JPHY Sharpe Ratio Rank: 76
JPHY Sortino Ratio Rank: 86
JPHY Omega Ratio Rank: 84
JPHY Calmar Ratio Rank: 82
JPHY Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKX vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and JPMorgan High Yield Research Enhanced ETF (JPHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ARKX	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.12	-0.92
Sortino ratio: Return per unit of downside risk	1.75	3.36	-1.61
Omega ratio: Gain probability vs. loss probability	1.20	1.44	-0.23
Calmar ratio: Return relative to maximum drawdown	1.99	3.85	-1.86
Martin ratio: Return relative to average drawdown	5.07	17.77	-12.69

ARKX vs. JPHY - Sharpe Ratio Comparison

The current ARKX Sharpe Ratio is 1.20, which is lower than the JPHY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of ARKX and JPHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKX vs. JPHY - Drawdown Comparison

The maximum ARKX drawdown since its inception was -43.61%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for ARKX and JPHY.

Drawdown Indicators

	ARKX	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-1.65%	-41.96%
Max Drawdown (1Y) Largest decline over 1 year	-20.42%	-1.65%	-18.77%
Max Drawdown (3Y) Largest decline over 3 years	-25.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.61%	—	—
Current Drawdown Current decline from peak	-15.42%	-0.13%	-15.29%
Average Drawdown Average peak-to-trough decline	-19.86%	-0.21%	-19.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	0.36%	+7.63%

Volatility

ARKX vs. JPHY - Volatility Comparison

ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 12.46% compared to JPMorgan High Yield Research Enhanced ETF (JPHY) at 0.61%. This indicates that ARKX's price experiences larger fluctuations and is considered to be riskier than JPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKX	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.46%	0.61%	+11.85%
Volatility (6M) Calculated over the trailing 6-month period	26.17%	2.31%	+23.86%
Volatility (1Y) Calculated over the trailing 1-year period	33.92%	3.00%	+30.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.16%	3.00%	+25.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.70%	3.00%	+24.70%

ARKX vs. JPHY - Expense Ratio Comparison

ARKX has a 0.75% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

ARKX vs. JPHY - Dividend Comparison

ARKX has not paid dividends to shareholders, while JPHY's dividend yield for the trailing twelve months is around 5.91%.

Position	TTM	2025
ARKX ARK Space Exploration & Innovation ETF	0.00%	0.00%
JPHY JPMorgan High Yield Research Enhanced ETF	5.91%	3.32%

Frequently Asked Questions

Can I hold both ARKX and JPHY in my portfolio?

ARKX and JPHY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKX or JPHY?

ARKX has higher volatility (12.46%) compared to JPHY (0.61%). In terms of maximum drawdown, ARKX dropped -43.61% vs JPHY's -1.65%.

Which ETF is better, ARKX or JPHY?

On 1-year performance, ARKX leads with 40.43% vs 6.32% for JPHY. On fees, JPHY is cheaper at 0.24% per year. On volatility, JPHY has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKX or JPHY?

Over the 1-year period, ARKX has performed better with a 40.43% return vs 6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKX or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.75% for ARKX.

Which ETF pays a higher dividend yield, ARKX or JPHY?

JPHY has the higher dividend yield at 5.91%, compared with 0.00% for ARKX.

What is the main difference between ARKX and JPHY?

ARKX is categorized as Aerospace & Defense, while JPHY is High Yield Bonds. They also come from different issuers: ARK and JPMorgan. Their fees differ too: 0.75% for ARKX and 0.24% for JPHY.

Which has better risk-adjusted returns?

JPHY currently has the higher Sharpe Ratio (2.12 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.