JPHY vs. IBHD

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan High Yield Research Enhanced ETF (JPHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).

JPHY and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019.

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.

JPHY vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
JPHY JPMorgan High Yield Research Enhanced ETF	-0.36%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Returns By Period

JPHY

• 1D: 0.22%
• 1M: -0.10%
• YTD: 0.38%
• 6M: 1.54%
• 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 - Expense Ratio Comparison

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

IBHD

iShares iBonds 2024 Term High Yield & Income ETF

JPHY

JPMorgan High Yield Research Enhanced ETF

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	1.87	—	—

Dividends

JPHY vs. IBHD - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 4.91%, while IBHD has not paid dividends to shareholders.

	TTM	2025
JPHY JPMorgan High Yield Research Enhanced ETF	4.91%	3.32%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%

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	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-0.23%	0.00%	-0.23%

Volatility

Volatility by Period

	JPHY	IBHD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.09%	0.00%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.09%	0.00%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.09%	0.00%	+3.09%