IBHG vs. JPHY
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. IBHG is passively managed, while JPHY is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. IBHG charges 0.35%/yr vs 0.24%/yr for JPHY.
Performance
IBHG vs. JPHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBHG achieves a 1.10% return, which is significantly lower than JPHY's 2.06% return.
IBHG
- 1D
- 0.14%
- 1M
- 0.32%
- YTD
- 1.10%
- 6M
- 1.57%
- 1Y
- 4.71%
- 3Y*
- 7.53%
- 5Y*
- —
- 10Y*
- —
JPHY
- 1D
- -0.01%
- 1M
- 0.35%
- YTD
- 2.06%
- 6M
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.10% | 3.24% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.06% | 4.00% |
Correlation
The correlation between IBHG and JPHY is 0.66, 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 | 0.66 |
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
IBHG vs. JPHY — Risk / Return Rank
IBHG
JPHY
IBHG vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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.
| IBHG | JPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.51 | — | — |
| Martin ratioReturn relative to average drawdown | 23.87 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBHG | JPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 2.16 | -1.59 |
Drawdowns
IBHG vs. JPHY - Drawdown Comparison
The maximum IBHG drawdown since its inception was -13.85%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for IBHG and JPHY.
Loading charts...
Drawdown Indicators
| IBHG | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -1.65% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.10% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -0.21% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | — | — |
Volatility
IBHG vs. JPHY - Volatility Comparison
Loading charts...
Volatility by Period
| IBHG | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 3.04% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 3.04% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 3.04% | +3.32% |
IBHG vs. JPHY - Expense Ratio Comparison
IBHG has a 0.35% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
IBHG vs. JPHY - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.07%, more than JPHY's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
JPHY JPMorgan High Yield Research Enhanced ETF | 5.92% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHG and JPHY have a correlation of 0.66, 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 IBHG.
IBHG has the higher dividend yield at 6.07%, compared with 5.92% for JPHY.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for IBHG and 0.24% for JPHY.
Find the right allocation for IBHG and JPHY
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