JPIE vs. JPHY
JPIE (JPMorgan Income ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both exchange-traded funds - JPIE is a Multisector Bonds fund actively managed by JPMorgan, while JPHY is a High Yield Bonds fund actively managed by JPMorgan. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. JPIE charges 0.40%/yr vs 0.24%/yr for JPHY.
Performance
JPIE vs. JPHY - Performance Comparison
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Returns By Period
In the year-to-date period, JPIE achieves a 1.51% return, which is significantly lower than JPHY's 2.06% return.
JPIE
- 1D
- 0.09%
- 1M
- 0.39%
- YTD
- 1.51%
- 6M
- 1.98%
- 1Y
- 5.83%
- 3Y*
- 6.55%
- 5Y*
- —
- 10Y*
- —
JPHY
- 1D
- -0.01%
- 1M
- 0.35%
- YTD
- 2.06%
- 6M
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPIE vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPIE JPMorgan Income ETF | 1.51% | 3.55% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.06% | 4.00% |
Correlation
The correlation between JPIE and JPHY is 0.67, 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 26, 2025 | 0.67 |
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Return for Risk
JPIE vs. JPHY — Risk / Return Rank
JPIE
JPHY
JPIE vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and JPMorgan High Yield Research Enhanced ETF (JPHY). 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.
| JPIE | JPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | — | — |
| Martin ratioReturn relative to average drawdown | 25.31 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPIE | JPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 2.16 | -1.18 |
Drawdowns
JPIE vs. JPHY - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for JPIE and JPHY.
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Drawdown Indicators
| JPIE | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.96% | -1.65% | -8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.10% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -0.21% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | — | — |
Volatility
JPIE vs. JPHY - Volatility Comparison
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Volatility by Period
| JPIE | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 3.04% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 3.04% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 3.04% | +0.48% |
JPIE vs. JPHY - Expense Ratio Comparison
JPIE has a 0.40% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
JPIE vs. JPHY - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 5.62%, less than JPHY's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 5.92% | 3.32% | 0.00% | 0.00% | 0.00% | 0.00% |
JPIE JPMorgan Income ETF | 5.62% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% |
Frequently Asked Questions
JPIE and JPHY have a correlation of 0.67, 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 0.40% for JPIE.
JPHY has the higher dividend yield at 5.92%, compared with 5.62% for JPIE.
JPIE is categorized as Multisector Bonds, while JPHY is High Yield Bonds. Their fees differ too: 0.40% for JPIE and 0.24% for JPHY.
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