GHYB vs. JPHY
GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. GHYB is passively managed, while JPHY is actively managed. Over the past year, GHYB returned 6.14% vs 6.37% for JPHY. Their correlation of 0.85 suggests significant overlap in exposure. GHYB charges 0.34%/yr vs 0.24%/yr for JPHY.
Performance
GHYB vs. JPHY - Performance Comparison
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Returns By Period
In the year-to-date period, GHYB achieves a 1.51% return, which is significantly lower than JPHY's 2.22% return.
GHYB
- 1D
- -0.04%
- 1M
- 0.53%
- YTD
- 1.51%
- 6M
- 1.46%
- 1Y
- 6.14%
- 3Y*
- 8.94%
- 5Y*
- 3.92%
- 10Y*
- —
JPHY
- 1D
- -0.03%
- 1M
- 0.45%
- YTD
- 2.22%
- 6M
- 2.19%
- 1Y
- 6.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GHYB vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.51% | 4.56% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.22% | 4.06% |
Correlation
The correlation between GHYB and JPHY is 0.85, 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 Jun 25, 2025 | 0.85 |
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Return for Risk
GHYB vs. JPHY — Risk / Return Rank
GHYB
JPHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GHYB vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) 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.
| GHYB | JPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 10.49 | — | — |
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Drawdowns
GHYB vs. JPHY - Drawdown Comparison
The maximum GHYB drawdown since its inception was -21.48%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for GHYB and JPHY.
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Drawdown Indicators
| GHYB | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.48% | -1.65% | -19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.65% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.15% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -0.21% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | — | — |
Volatility
GHYB vs. JPHY - Volatility Comparison
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Volatility by Period
| GHYB | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 3.01% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 3.01% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 3.01% | +5.25% |
GHYB vs. JPHY - Expense Ratio Comparison
GHYB has a 0.34% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
GHYB vs. JPHY - Dividend Comparison
GHYB's dividend yield for the trailing twelve months is around 6.79%, more than JPHY's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.79% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
JPHY JPMorgan High Yield Research Enhanced ETF | 5.91% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GHYB and JPHY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, JPHY leads with 6.37% vs 6.14% for GHYB. 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.
Over the 1-year period, JPHY has performed better with a 6.37% return vs 6.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPHY is cheaper with a 0.24% expense ratio, compared with 0.34% for GHYB.
GHYB has the higher dividend yield at 6.79%, compared with 5.91% for JPHY.
They also come from different issuers: Goldman Sachs and JPMorgan. Their fees differ too: 0.34% for GHYB and 0.24% for JPHY.
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