JPHY vs. FALN
JPHY (JPMorgan High Yield Research Enhanced ETF) and FALN (iShares Fallen Angels USD Bond ETF) are both High Yield Bonds funds. JPHY is actively managed, while FALN is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. JPHY charges 0.24%/yr vs 0.25%/yr for FALN.
Performance
JPHY vs. FALN - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JPHY having a 2.25% return and FALN slightly lower at 2.24%.
JPHY
- 1D
- -0.02%
- 1M
- 0.48%
- YTD
- 2.25%
- 6M
- 2.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FALN
- 1D
- 0.00%
- 1M
- 1.07%
- YTD
- 2.24%
- 6M
- 2.42%
- 1Y
- 7.88%
- 3Y*
- 9.39%
- 5Y*
- 3.74%
- 10Y*
- 6.60%
JPHY vs. FALN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 2.25% | 4.06% |
FALN iShares Fallen Angels USD Bond ETF | 2.24% | 5.28% |
Correlation
The correlation between JPHY and FALN is 0.84, 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 | 0.84 |
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Return for Risk
JPHY vs. FALN — Risk / Return Rank
JPHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FALN
JPHY vs. FALN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares Fallen Angels USD Bond ETF (FALN). 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 | FALN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.32 | — |
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Drawdowns
JPHY vs. FALN - Drawdown Comparison
The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for JPHY and FALN.
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Drawdown Indicators
| JPHY | FALN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -29.22% | +27.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.22% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.11% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -3.31% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
JPHY vs. FALN - Volatility Comparison
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Volatility by Period
| JPHY | FALN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 4.60% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 7.33% | -4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.01% | 8.92% | -5.91% |
JPHY vs. FALN - Expense Ratio Comparison
JPHY has a 0.24% expense ratio, which is lower than FALN's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPHY vs. FALN - Dividend Comparison
JPHY's dividend yield for the trailing twelve months is around 5.91%, less than FALN's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.42% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% |
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% | 0.00% |
Frequently Asked Questions
JPHY and FALN have a correlation of 0.84, 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 0.25% for FALN.
FALN has the higher dividend yield at 6.42%, compared with 5.91% for JPHY.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.24% for JPHY and 0.25% for FALN.
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