JPHY vs. JPLD

Last updated Jun 4, 2026

JPHY (JPMorgan High Yield Research Enhanced ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both exchange-traded funds - JPHY is a High Yield Bonds fund actively managed by JPMorgan, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.24% expense ratio.

Performance

JPHY vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Research Enhanced ETF (JPHY) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPHY achieves a 2.07% return, which is significantly higher than JPLD's 1.04% return.

JPHY

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

JPLD

• 1D: -0.06%
• 1M: 0.19%
• YTD: 1.04%
• 6M: 1.37%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPHY vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025
JPHY JPMorgan High Yield Research Enhanced ETF	2.07%	4.00%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.04%	2.91%

Correlation

The correlation between JPHY and JPLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.41

JPHY vs. JPLD - Sectors Allocation Comparison

Sectors	JPHY	JPLD
Communication Services	15.8%	10.1%
Industrials	10.8%	0.1%
Consumer Cyclical	8.9%	1.6%
Energy	7.0%	0.1%
Healthcare	5.1%	5.6%
Technology	4.8%	7.4%
Basic Materials	3.6%	1.4%
Real Estate	3.0%	7.8%
Utilities	2.8%	0.4%
Consumer Defensive	2.4%	0.1%
Financial Services	1.8%	13.7%

Return for Risk

JPHY vs. JPLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 85
JPLD Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPHY vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD). 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	JPLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	3.25	-1.08

Drawdowns

JPHY vs. JPLD - Drawdown Comparison

The maximum JPHY drawdown since its inception was -1.65%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for JPHY and JPLD.

Drawdown Indicators

	JPHY	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-1.17%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.00%	—
Current Drawdown Current decline from peak	-0.09%	-0.12%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.15%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	JPHY	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	1.47%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	1.83%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.04%	1.83%	+1.21%

JPHY vs. JPLD - Expense Ratio Comparison

Both JPHY and JPLD have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JPHY vs. JPLD - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 5.92%, more than JPLD's 4.21% yield.

Position	TTM	2025	2024	2023
JPHY JPMorgan High Yield Research Enhanced ETF	5.92%	3.32%	0.00%	0.00%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%

Frequently Asked Questions

Can I hold both JPHY and JPLD in my portfolio?

JPHY and JPLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPHY or JPLD?

Both ETFs have the same 0.24% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPHY or JPLD?

JPHY and JPLD have the same expense ratio: 0.24% per year.

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

JPHY has the higher dividend yield at 5.92%, compared with 4.21% for JPLD.

What is the main difference between JPHY and JPLD?

JPHY is categorized as High Yield Bonds, while JPLD is Short-Term Bond.