JPHY vs. HYXF

Last updated Aug 2, 2026

JPHY (JPMorgan High Yield Research Enhanced ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both High Yield Bonds funds. JPHY is actively managed, while HYXF is passively managed. Over the past year, JPHY returned 5.79% vs 4.47% for HYXF. Their correlation of 0.82 means they have usually moved in the same direction. JPHY charges 0.24%/yr vs 0.35%/yr for HYXF.

Performance

JPHY vs. HYXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPHY achieves a 2.31% return, which is significantly higher than HYXF's 1.08% return.

JPHY

• 1D: 0.11%
• 1M: -0.24%
• 6M: 1.64%
• YTD: 2.31%
• 1Y: 5.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.88%

HYXF

• 1D: -0.15%
• 1M: -0.35%
• 6M: 0.82%
• YTD: 1.08%
• 1Y: 4.47%
• 3Y*: 8.17%
• 5Y*: 3.42%
• 10Y*: 4.78%
• ALL TIME*: 5.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	$633.04K	$1.36M	$996.57K
JPHY JPMorgan High Yield Research Enhanced ETF	$1.06M	$1.07M	$1.46M

JPHY vs. HYXF - Yearly Performance Comparison

	2026 (YTD)	2025
JPHY JPMorgan High Yield Research Enhanced ETF	2.31%	4.06%
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	1.08%	3.72%

Correlation

The correlation between JPHY and HYXF is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.82

The correlation between JPHY and HYXF has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

Return for Risk

JPHY vs. HYXF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPHY

JPHY Risk / Return Rank: 88
JPHY Sharpe Ratio Rank: 83
JPHY Sortino Ratio Rank: 89
JPHY Omega Ratio Rank: 87
JPHY Calmar Ratio Rank: 88
JPHY Martin Ratio Rank: 92

HYXF

HYXF Risk / Return Rank: 51
HYXF Sharpe Ratio Rank: 47
HYXF Sortino Ratio Rank: 49
HYXF Omega Ratio Rank: 47
HYXF Calmar Ratio Rank: 48
HYXF Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JPHY vs. HYXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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	HYXF	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.17	+0.76
Sortino ratio: Return per unit of downside risk	3.03	1.77	+1.26
Omega ratio: Gain probability vs. loss probability	1.39	1.22	+0.17
Calmar ratio: Return relative to maximum drawdown	3.54	1.72	+1.82
Martin ratio: Return relative to average drawdown	15.55	7.62	+7.93

JPHY vs. HYXF - Sharpe Ratio Comparison

The current JPHY Sharpe Ratio is 1.93, which is higher than the HYXF Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of JPHY and HYXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPHY vs. HYXF - Drawdown Comparison

The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum HYXF drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for JPHY and HYXF.

Drawdown Indicators

	JPHY	HYXF	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-18.75%	+17.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.65%	-2.57%	+0.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.75%	—
Current Drawdown Current decline from peak	-0.40%	-0.53%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.22%	-2.54%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	0.58%	-0.21%

Volatility

JPHY vs. HYXF - Volatility Comparison

JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) have volatilities of 0.71% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPHY	HYXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	0.70%	+0.01%
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%	3.79%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	8.05%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.94%	8.26%	-5.32%

JPHY vs. HYXF - Expense Ratio Comparison

JPHY has a 0.24% expense ratio, which is lower than HYXF's 0.35% expense ratio.

Dividends

JPHY vs. HYXF - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 6.47%, more than HYXF's 6.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HYXF iShares ESG Advanced High Yield Corporate Bond ETF	5.54%	6.19%	6.40%	5.93%	5.37%	4.56%	4.96%	5.29%	6.14%	5.85%	3.16%
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%

Frequently Asked Questions

Can I hold both JPHY and HYXF in my portfolio?

JPHY and HYXF 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.

Which is riskier, JPHY or HYXF?

JPHY has higher volatility (0.71%) compared to HYXF (0.70%). In terms of maximum drawdown, JPHY dropped -1.65% vs HYXF's -18.75%.

Which ETF is better, JPHY or HYXF?

On 1-year performance, JPHY leads with 5.79% vs 4.47% for HYXF. On fees, JPHY is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPHY or HYXF?

Over the 1-year period, JPHY has performed better with a 5.79% return vs 4.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPHY or HYXF?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.35% for HYXF.

Which ETF pays a higher dividend yield, JPHY or HYXF?

JPHY has the higher dividend yield at 5.85%, compared with 5.54% for HYXF.

What is the main difference between JPHY and HYXF?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.24% for JPHY and 0.35% for HYXF.

Which has better risk-adjusted returns?

JPHY currently has the higher Sharpe Ratio (1.93 vs 1.17), 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.