EUHY vs. JPHY
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. EUHY is passively managed, while JPHY is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. EUHY charges 0.35%/yr vs 0.24%/yr for JPHY.
Performance
EUHY vs. JPHY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUHY having a 2.05% return and JPHY slightly higher at 2.06%.
EUHY
- 1D
- 0.12%
- 1M
- 0.98%
- YTD
- 2.05%
- 6M
- 2.59%
- 1Y
- 5.75%
- 3Y*
- 9.92%
- 5Y*
- 1.97%
- 10Y*
- 3.67%
JPHY
- 1D
- -0.01%
- 1M
- 0.35%
- YTD
- 2.06%
- 6M
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2.05% | 1.65% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.06% | 4.00% |
Correlation
The correlation between EUHY and JPHY is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.60 |
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Return for Risk
EUHY vs. JPHY — Risk / Return Rank
EUHY
JPHY
EUHY vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) 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.
| EUHY | JPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | — | — |
| Martin ratioReturn relative to average drawdown | 3.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUHY | JPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 2.16 | -1.82 |
Drawdowns
EUHY vs. JPHY - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for EUHY and JPHY.
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Drawdown Indicators
| EUHY | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -1.65% | -30.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.10% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -0.21% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | — | — |
Volatility
EUHY vs. JPHY - Volatility Comparison
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Volatility by Period
| EUHY | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 3.04% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 3.04% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 3.04% | +7.39% |
EUHY vs. JPHY - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
EUHY vs. JPHY - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.33%, less than JPHY's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.33% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
JPHY JPMorgan High Yield Research Enhanced ETF | 5.92% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUHY and JPHY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPHY is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPHY is cheaper with a 0.24% expense ratio, compared with 0.35% for EUHY.
JPHY has the higher dividend yield at 5.92%, compared with 5.33% for EUHY.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for EUHY and 0.24% for JPHY.
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