JPHY vs. EUHY
JPHY (JPMorgan High Yield Research Enhanced ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both High Yield Bonds funds. JPHY is actively managed, while EUHY is passively managed. Over the past year, JPHY returned 5.79% vs 3.93% for EUHY. Their 0.60 correlation means they have sometimes moved together and sometimes differently. JPHY charges 0.24%/yr vs 0.35%/yr for EUHY.
Performance
JPHY vs. EUHY - Performance Comparison
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Returns By Period
In the year-to-date period, JPHY achieves a 2.31% return, which is significantly lower than EUHY's 2.44% return.
JPHY
- 1D
- 0.11%
- 1M
- -0.24%
- 6M
- 1.64%
- YTD
- 2.31%
- 1Y
- 5.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.88%
EUHY
- 1D
- 0.14%
- 1M
- -0.44%
- 6M
- 1.59%
- YTD
- 2.44%
- 1Y
- 3.93%
- 3Y*
- 8.78%
- 5Y*
- 2.45%
- 10Y*
- 3.80%
- ALL TIME*
- 3.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.05M | $1.02M | $1.55M | |
| $1.06M | $1.07M | $1.46M |
JPHY vs. EUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 2.31% | 4.06% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2.44% | 1.91% |
Correlation
The correlation between JPHY and EUHY is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.60 |
The correlation between JPHY and EUHY has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.
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Return for Risk
JPHY vs. EUHY — Risk / Return Rank
JPHY
EUHY
JPHY vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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.
| JPHY | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.20 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 1.48 | +2.06 |
| Martin ratioReturn relative to average drawdown | 15.55 | 3.67 | +11.88 |
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Drawdowns
JPHY vs. EUHY - Drawdown Comparison
The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum EUHY drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for JPHY and EUHY.
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Drawdown Indicators
| JPHY | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -32.45% | +30.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.65% | -3.50% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.66% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -8.49% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.41% | -1.04% |
Volatility
JPHY vs. EUHY - Volatility Comparison
The current volatility for JPMorgan High Yield Research Enhanced ETF (JPHY) is 0.71%, while iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) has a volatility of 0.83%. This indicates that JPHY experiences smaller price fluctuations and is considered to be less risky than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPHY | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.83% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 3.07% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 4.89% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 9.96% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 10.11% | -7.17% |
JPHY vs. EUHY - Expense Ratio Comparison
JPHY has a 0.24% expense ratio, which is lower than EUHY's 0.35% expense ratio.
Dividends
JPHY vs. EUHY - Dividend Comparison
JPHY's dividend yield for the trailing twelve months is around 6.47%, more than EUHY's 5.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.73% | 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 | 5.85% | 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
JPHY and EUHY 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.
EUHY has higher volatility (0.83%) compared to JPHY (0.71%). In terms of maximum drawdown, JPHY dropped -1.65% vs EUHY's -32.45%.
On 1-year performance, JPHY leads with 5.79% vs 3.93% for EUHY. On fees, JPHY is cheaper at 0.24% per year. On volatility, JPHY has been the lower-risk option at 0.71%. 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 5.79% return vs 3.93%. 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 0.35% for EUHY.
JPHY has the higher dividend yield at 5.85%, compared with 5.73% for EUHY.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.24% for JPHY and 0.35% for EUHY.
JPHY currently has the higher Sharpe Ratio (1.93 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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