CPHY vs. IBHE

Last updated Aug 2, 2026

CPHY (F/m Compoundr High Yield Bond ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - CPHY tracks the Nasdaq Compoundr U.S. High Yield Bond Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Their -0.01 correlation means they have often moved in opposite directions in the past. Both charge a 0.35% expense ratio.

Performance

CPHY vs. IBHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr High Yield Bond ETF (CPHY) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CPHY

• 1D: -0.01%
• 1M: -0.38%
• 6M: -0.17%
• YTD: 0.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IBHE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPHY F/m Compoundr High Yield Bond ETF	$47.80K	$33.82K	$41.16K

CPHY vs. IBHE - Yearly Performance Comparison

	2026 (YTD)	2025
CPHY F/m Compoundr High Yield Bond ETF	0.43%	2.43%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	1.43%

Correlation

The correlation between CPHY and IBHE is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	-0.01

Return for Risk

CPHY vs. IBHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr High Yield Bond ETF (CPHY) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	CPHY	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	—	—
Current Drawdown Current decline from peak	-0.56%	—	—
Average Drawdown Average peak-to-trough decline	-0.54%	—	—

Volatility

Volatility by Period

	CPHY	IBHE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	—	—

CPHY vs. IBHE - Expense Ratio Comparison

Both CPHY and IBHE have an expense ratio of 0.35%.

Dividends

CPHY vs. IBHE - Dividend Comparison

Neither CPHY nor IBHE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CPHY F/m Compoundr High Yield Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	1.47%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%

Frequently Asked Questions

Can I hold both CPHY and IBHE in my portfolio?

CPHY and IBHE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPHY or IBHE?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPHY or IBHE?

CPHY and IBHE have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, CPHY or IBHE?

IBHE has the higher dividend yield at 1.47%, compared with 0.00% for CPHY.

What is the main difference between CPHY and IBHE?

CPHY tracks Nasdaq Compoundr U.S. High Yield Bond Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: F/m and iShares.