JPHY vs. JCPB
JPHY (JPMorgan High Yield Research Enhanced ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - JPHY is a High Yield Bonds fund actively managed by JPMorgan, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. JPHY charges 0.24%/yr vs 0.38%/yr for JCPB.
Performance
JPHY vs. JCPB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPHY achieves a 2.25% return, which is significantly higher than JCPB's 0.88% return.
JPHY
- 1D
- -0.02%
- 1M
- 0.48%
- YTD
- 2.25%
- 6M
- 2.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JCPB
- 1D
- 0.11%
- 1M
- 0.75%
- YTD
- 0.88%
- 6M
- 1.01%
- 1Y
- 5.28%
- 3Y*
- 5.17%
- 5Y*
- 1.10%
- 10Y*
- —
JPHY vs. JCPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 2.25% | 4.06% |
JCPB JPMorgan Core Plus Bond ETF | 0.88% | 4.03% |
Correlation
The correlation between JPHY and JCPB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.59 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPHY vs. JCPB — Risk / Return Rank
JPHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JCPB
JPHY vs. JCPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and JPMorgan Core Plus Bond ETF (JCPB). 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 | JCPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.95 | — |
| Martin ratioReturn relative to average drawdown | — | 5.62 | — |
Loading charts...
Drawdowns
JPHY vs. JCPB - Drawdown Comparison
The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for JPHY and JCPB.
Loading charts...
Drawdown Indicators
| JPHY | JCPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -16.67% | +15.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.71% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.67% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.19% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -4.24% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.94% | — |
Volatility
JPHY vs. JCPB - Volatility Comparison
Loading charts...
Volatility by Period
| JPHY | JCPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.73% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 5.39% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.01% | 5.04% | -2.03% |
JPHY vs. JCPB - Expense Ratio Comparison
JPHY has a 0.24% expense ratio, which is lower than JCPB's 0.38% expense ratio.
Dividends
JPHY vs. JCPB - Dividend Comparison
JPHY's dividend yield for the trailing twelve months is around 5.91%, more than JCPB's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JCPB JPMorgan Core Plus Bond ETF | 4.91% | 4.90% | 5.16% | 4.32% | 3.01% | 2.19% | 2.97% | 3.01% |
JPHY JPMorgan High Yield Research Enhanced ETF | 5.91% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPHY and JCPB have a correlation of 0.59, 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 0.38% for JCPB.
JPHY has the higher dividend yield at 5.91%, compared with 4.91% for JCPB.
JPHY is categorized as High Yield Bonds, while JCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.24% for JPHY and 0.38% for JCPB.
Find the right allocation for JPHY and JCPB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer