CPHY vs. IBHG
CPHY (F/m Compoundr High Yield Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - CPHY tracks the Nasdaq Compoundr U.S. High Yield Bond Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
CPHY vs. IBHG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CPHY achieves a 0.43% return, which is significantly lower than IBHG's 1.53% return.
CPHY
- 1D
- -0.01%
- 1M
- -0.38%
- 6M
- -0.17%
- YTD
- 0.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IBHG
- 1D
- 0.05%
- 1M
- 0.11%
- 6M
- 1.56%
- YTD
- 1.53%
- 1Y
- 3.82%
- 3Y*
- 7.07%
- 5Y*
- 3.67%
- 10Y*
- —
- ALL TIME*
- 3.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.80K | $33.82K | $41.16K | |
| $2.53M | $2.72M | $3.55M |
CPHY vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPHY F/m Compoundr High Yield Bond ETF | 0.43% | 2.43% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.53% | 2.16% |
Correlation
The correlation between CPHY and IBHG is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025 | 0.72 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CPHY vs. IBHG — Risk / Return Rank
CPHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHG
CPHY vs. IBHG - 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 2027 Term High Yield and Income ETF (IBHG). 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.
| CPHY | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.37 | — |
| Martin ratioReturn relative to average drawdown | — | 19.62 | — |
Loading charts...
Drawdowns
CPHY vs. IBHG - Drawdown Comparison
The maximum CPHY drawdown since its inception was -2.51%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for CPHY and IBHG.
Loading charts...
Drawdown Indicators
| CPHY | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.51% | -13.85% | +11.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.73% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.85% | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.07% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -2.59% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.20% | — |
Volatility
CPHY vs. IBHG - Volatility Comparison
Loading charts...
Volatility by Period
| CPHY | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 1.99% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 6.29% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 6.27% | -2.82% |
CPHY vs. IBHG - Expense Ratio Comparison
Both CPHY and IBHG have an expense ratio of 0.35%.
Dividends
CPHY vs. IBHG - Dividend Comparison
CPHY has not paid dividends to shareholders, while IBHG's dividend yield for the trailing twelve months is around 6.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CPHY F/m Compoundr High Yield Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 5.49% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
Frequently Asked Questions
CPHY and IBHG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CPHY and IBHG have the same expense ratio: 0.35% per year.
IBHG has the higher dividend yield at 5.49%, compared with 0.00% for CPHY.
CPHY tracks Nasdaq Compoundr U.S. High Yield Bond Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: F/m and iShares.
Find the right allocation for CPHY and IBHG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer