CPHY vs. IBHH

Last updated Jun 5, 2026

CPHY (F/m Compoundr High Yield Bond ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both High Yield Bonds funds - CPHY tracks the Nasdaq Compoundr U.S. High Yield Bond Index while IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

CPHY vs. IBHH - 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 2028 Term High Yield and Income ETF (IBHH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPHY achieves a 0.42% return, which is significantly lower than IBHH's 1.81% return.

CPHY

• 1D: 0.17%
• 1M: 0.38%
• YTD: 0.42%
• 6M: 0.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHH

• 1D: 0.15%
• 1M: 0.35%
• YTD: 1.81%
• 6M: 2.40%
• 1Y: 6.52%
• 3Y*: 8.61%
• 5Y*: —
• 10Y*: —

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

CPHY vs. IBHH - Yearly Performance Comparison

	2026 (YTD)	2025
CPHY F/m Compoundr High Yield Bond ETF	0.42%	2.31%
IBHH iShares iBonds 2028 Term High Yield and Income ETF	1.81%	2.54%

Correlation

The correlation between CPHY and IBHH is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.82

Return for Risk

CPHY vs. IBHH — Risk / Return Rank

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

IBHH

IBHH Risk / Return Rank: 82
IBHH Sharpe Ratio Rank: 73
IBHH Sortino Ratio Rank: 81
IBHH Omega Ratio Rank: 77
IBHH Calmar Ratio Rank: 89
IBHH Martin Ratio Rank: 91

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.

CPHY vs. IBHH - 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 2028 Term High Yield and Income ETF (IBHH). 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.

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

Sharpe Ratios by Period

	CPHY	IBHH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.74	+0.22

Drawdowns

CPHY vs. IBHH - Drawdown Comparison

The maximum CPHY drawdown since its inception was -2.51%, smaller than the maximum IBHH drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for CPHY and IBHH.

Drawdown Indicators

	CPHY	IBHH	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-12.05%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.66%	—
Current Drawdown Current decline from peak	-0.57%	0.00%	-0.57%
Average Drawdown Average peak-to-trough decline	-0.56%	-2.30%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.30%	—

Volatility

Volatility by Period

	CPHY	IBHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	2.82%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.58%	7.26%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.58%	7.26%	-3.68%

CPHY vs. IBHH - Expense Ratio Comparison

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

Dividends

CPHY vs. IBHH - Dividend Comparison

CPHY has not paid dividends to shareholders, while IBHH's dividend yield for the trailing twelve months is around 6.26%.

Position	TTM	2025	2024	2023	2022
CPHY F/m Compoundr High Yield Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%
IBHH iShares iBonds 2028 Term High Yield and Income ETF	6.26%	6.39%	6.93%	6.65%	5.36%

Frequently Asked Questions

Can I hold both CPHY and IBHH in my portfolio?

CPHY and IBHH have a correlation of 0.82, 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 IBHH?

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 IBHH?

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

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

IBHH has the higher dividend yield at 6.26%, compared with 0.00% for CPHY.

What is the main difference between CPHY and IBHH?

CPHY tracks Nasdaq Compoundr U.S. High Yield Bond Index, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: F/m Investments and iShares.