IBHD vs. JPHY

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and JPMorgan High Yield Research Enhanced ETF (JPHY).

IBHD and JPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. JPHY is an actively managed fund by JPMorgan. It was launched on Sep 14, 2016.

Performance

IBHD vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and JPMorgan High Yield Research Enhanced ETF (JPHY). The values are adjusted to include any dividend payments, if applicable.

IBHD vs. JPHY - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
JPHY JPMorgan High Yield Research Enhanced ETF	-0.58%

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPHY

• 1D: 0.79%
• 1M: -0.35%
• YTD: 0.16%
• 6M: 1.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHD vs. JPHY - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than JPHY's 0.24% expense ratio.

IBHD

iShares iBonds 2024 Term High Yield & Income ETF

JPHY

JPMorgan High Yield Research Enhanced ETF

Return for Risk

IBHD vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

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

Sharpe Ratios by Period

	IBHD	JPHY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.78	—

Dividends

IBHD vs. JPHY - Dividend Comparison

IBHD has not paid dividends to shareholders, while JPHY's dividend yield for the trailing twelve months is around 4.39%.

	TTM	2025
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%
JPHY JPMorgan High Yield Research Enhanced ETF	4.39%	3.32%

Drawdowns

IBHD vs. JPHY - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum JPHY drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for IBHD and JPHY.

Drawdown Indicators

	IBHD	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-1.65%	+1.65%
Current Drawdown Current decline from peak	0.00%	-0.65%	+0.65%
Average Drawdown Average peak-to-trough decline	0.00%	-0.23%	+0.23%

Volatility

Volatility by Period

	IBHD	JPHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.09%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.09%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.09%	-3.09%