JPHY vs. NHYB

Last updated Jun 24, 2026

JPHY (JPMorgan High Yield Research Enhanced ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. JPHY is actively managed, while NHYB is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. JPHY charges 0.24%/yr vs 0.08%/yr for NHYB.

Performance

JPHY vs. NHYB - Performance Comparison

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

Returns By Period

In the year-to-date period, JPHY achieves a 2.25% return, which is significantly higher than NHYB's 1.91% return.

JPHY

• 1D: -0.02%
• 1M: 0.48%
• YTD: 2.25%
• 6M: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.04%
• 1M: 0.52%
• YTD: 1.91%
• 6M: 1.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPHY vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
JPHY JPMorgan High Yield Research Enhanced ETF	2.25%	1.25%
NHYB Nuveen High Yield Corporate Bond ETF	1.91%	1.24%

Correlation

The correlation between JPHY and NHYB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.83

Return for Risk

JPHY vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) and Nuveen High Yield Corporate Bond ETF (NHYB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

JPHY vs. NHYB - Drawdown Comparison

The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for JPHY and NHYB.

Drawdown Indicators

	JPHY	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-2.40%	+0.75%
Current Drawdown Current decline from peak	-0.12%	-0.20%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.36%	+0.15%

Volatility

Volatility by Period

	JPHY	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.01%	3.64%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	3.64%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.01%	3.64%	-0.63%

JPHY vs. NHYB - Expense Ratio Comparison

JPHY has a 0.24% expense ratio, which is higher than NHYB's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JPHY vs. NHYB - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 5.91%, more than NHYB's 4.25% yield.

Position	TTM	2025
JPHY JPMorgan High Yield Research Enhanced ETF	5.91%	3.32%
NHYB Nuveen High Yield Corporate Bond ETF	4.25%	1.28%

Frequently Asked Questions

Can I hold both JPHY and NHYB in my portfolio?

JPHY and NHYB have a correlation of 0.83, 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 NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPHY or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.24% for JPHY.

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

JPHY has the higher dividend yield at 5.91%, compared with 4.25% for NHYB.

What is the main difference between JPHY and NHYB?

They also come from different issuers: JPMorgan and Nuveen. Their fees differ too: 0.24% for JPHY and 0.08% for NHYB.