JPHY vs. IBHD

Last updated Jun 4, 2026

JPHY (JPMorgan High Yield Research Enhanced ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds. JPHY is actively managed, while IBHD is passively managed. JPHY charges 0.24%/yr vs 0.35%/yr for IBHD.

Performance

JPHY vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPHY

• 1D: -0.09%
• 1M: 0.44%
• YTD: 2.07%
• 6M: 2.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPHY vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
JPHY JPMorgan High Yield Research Enhanced ETF	1.32%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

JPHY vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.

Sharpe Ratios by Period

	JPHY	IBHD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	—	—

Drawdowns

JPHY vs. IBHD - Drawdown Comparison

The maximum JPHY drawdown since its inception was -1.65%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for JPHY and IBHD.

Drawdown Indicators

	JPHY	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	0.00%	-1.65%
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.21%	0.00%	-0.21%

Volatility

Volatility by Period

	JPHY	IBHD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	0.00%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	0.00%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.04%	0.00%	+3.04%

JPHY vs. IBHD - Expense Ratio Comparison

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

Dividends

JPHY vs. IBHD - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 5.92%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%
JPHY JPMorgan High Yield Research Enhanced ETF	5.92%	3.32%

Frequently Asked Questions

Which ETF is better, JPHY or IBHD?

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.

Which ETF is cheaper, JPHY or IBHD?

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

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

JPHY has the higher dividend yield at 5.92%, compared with 0.00% for IBHD.

What is the main difference between JPHY and IBHD?

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