IBHJ vs. JPHY
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. IBHJ is passively managed, while JPHY is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. IBHJ charges 0.35%/yr vs 0.24%/yr for JPHY.
Performance
IBHJ vs. JPHY - Performance Comparison
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Returns By Period
In the year-to-date period, IBHJ achieves a 1.50% return, which is significantly lower than JPHY's 2.07% return.
IBHJ
- 1D
- -0.34%
- 1M
- 0.50%
- YTD
- 1.50%
- 6M
- 2.06%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPHY
- 1D
- -0.09%
- 1M
- 0.44%
- YTD
- 2.07%
- 6M
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHJ vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 1.50% | 4.34% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.07% | 4.00% |
Correlation
The correlation between IBHJ and JPHY 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 Jun 26, 2025 | 0.82 |
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Return for Risk
IBHJ vs. JPHY — Risk / Return Rank
IBHJ
JPHY
IBHJ vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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.
| IBHJ | 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 | 2.98 | — | — |
| Martin ratioReturn relative to average drawdown | 13.41 | — | — |
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
| IBHJ | JPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 2.17 | -0.64 |
Drawdowns
IBHJ vs. JPHY - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for IBHJ and JPHY.
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Drawdown Indicators
| IBHJ | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -1.65% | -3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.09% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -0.21% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | — | — |
Volatility
IBHJ vs. JPHY - Volatility Comparison
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Volatility by Period
| IBHJ | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 3.04% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 3.04% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 3.04% | +2.91% |
IBHJ vs. JPHY - Expense Ratio Comparison
IBHJ has a 0.35% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
IBHJ vs. JPHY - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.68%, more than JPHY's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 6.68% | 6.64% | 6.87% | 3.66% |
JPHY JPMorgan High Yield Research Enhanced ETF | 5.92% | 3.32% | 0.00% | 0.00% |
Frequently Asked Questions
IBHJ and JPHY 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.
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 IBHJ.
IBHJ has the higher dividend yield at 6.68%, compared with 5.92% for JPHY.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for IBHJ and 0.24% for JPHY.
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