JPHY vs. HYG
Compare and contrast key facts about JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
JPHY and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPHY is an actively managed fund by JPMorgan. It was launched on Sep 14, 2016. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Performance
JPHY vs. HYG - Performance Comparison
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JPHY vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 0.38% | 4.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.11% | 4.04% |
Returns By Period
In the year-to-date period, JPHY achieves a 0.38% return, which is significantly higher than HYG's -0.11% return.
JPHY
- 1D
- 0.22%
- 1M
- -0.10%
- YTD
- 0.38%
- 6M
- 1.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG
- 1D
- 0.24%
- 1M
- -0.65%
- YTD
- -0.11%
- 6M
- 0.93%
- 1Y
- 6.91%
- 3Y*
- 7.99%
- 5Y*
- 3.66%
- 10Y*
- 5.16%
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JPHY vs. HYG - Expense Ratio Comparison
JPHY has a 0.24% expense ratio, which is lower than HYG's 0.49% expense ratio.
Return for Risk
JPHY vs. HYG — Risk / Return Rank
JPHY
HYG
JPHY vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
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Sharpe Ratios by Period
| JPHY | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.25 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.87 | 0.45 | +1.42 |
Correlation
The correlation between JPHY and HYG is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JPHY vs. HYG - Dividend Comparison
JPHY's dividend yield for the trailing twelve months is around 4.91%, less than HYG's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 4.91% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
JPHY vs. HYG - Drawdown Comparison
The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for JPHY and HYG.
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Drawdown Indicators
| JPHY | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -34.25% | +32.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -0.43% | -1.05% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -3.27% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.75% | — |
Volatility
JPHY vs. HYG - Volatility Comparison
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Volatility by Period
| JPHY | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 5.57% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.09% | 7.51% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 8.31% | -5.22% |