JSCP vs. JPHY

Last updated Aug 2, 2026

JSCP (JPMorgan Short Duration Core Plus ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both exchange-traded funds - JSCP is a Short-Term Bond fund actively managed by JPMorgan, while JPHY is a High Yield Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past year, JSCP returned 3.14% vs 5.79% for JPHY. Their 0.57 correlation means they have sometimes moved together and sometimes differently. JSCP charges 0.33%/yr vs 0.24%/yr for JPHY.

Performance

JSCP vs. JPHY - Performance Comparison

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

Returns By Period

In the year-to-date period, JSCP achieves a 0.81% return, which is significantly lower than JPHY's 2.31% return.

JSCP

• 1D: -0.09%
• 1M: -0.17%
• 6M: 0.52%
• YTD: 0.81%
• 1Y: 3.14%
• 3Y*: 5.52%
• 5Y*: 2.42%
• 10Y*: —
• ALL TIME*: 2.35%

JPHY

• 1D: 0.11%
• 1M: -0.24%
• 6M: 1.64%
• YTD: 2.31%
• 1Y: 5.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JPHY JPMorgan High Yield Research Enhanced ETF	$1.06M	$1.07M	$1.46M
JSCP JPMorgan Short Duration Core Plus ETF	$16.77M	$14.57M	$12.08M

JSCP vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
JSCP JPMorgan Short Duration Core Plus ETF	0.81%	3.24%
JPHY JPMorgan High Yield Research Enhanced ETF	2.31%	4.06%

Correlation

The correlation between JSCP and JPHY is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.57

The correlation between JSCP and JPHY has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

Return for Risk

JSCP vs. JPHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JSCP

JSCP Risk / Return Rank: 87
JSCP Sharpe Ratio Rank: 88
JSCP Sortino Ratio Rank: 92
JSCP Omega Ratio Rank: 90
JSCP Calmar Ratio Rank: 81
JSCP Martin Ratio Rank: 82

JPHY

JPHY Risk / Return Rank: 88
JPHY Sharpe Ratio Rank: 83
JPHY Sortino Ratio Rank: 89
JPHY Omega Ratio Rank: 87
JPHY Calmar Ratio Rank: 88
JPHY Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JSCP vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Core Plus ETF (JSCP) 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.

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.

	JSCP	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.93	+0.22
Sortino ratio: Return per unit of downside risk	3.33	3.03	+0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	2.94	3.54	-0.61
Martin ratio: Return relative to average drawdown	10.89	15.55	-4.66

JSCP vs. JPHY - Sharpe Ratio Comparison

The current JSCP Sharpe Ratio is 2.15, which is comparable to the JPHY Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of JSCP and JPHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JSCP vs. JPHY - Drawdown Comparison

The maximum JSCP drawdown since its inception was -8.90%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for JSCP and JPHY.

Drawdown Indicators

	JSCP	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-8.90%	-1.65%	-7.25%
Max Drawdown (1Y) Largest decline over 1 year	-1.27%	-1.65%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-1.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.90%	—	—
Current Drawdown Current decline from peak	-0.23%	-0.40%	+0.17%
Average Drawdown Average peak-to-trough decline	-2.01%	-0.22%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.37%	-0.03%

Volatility

JSCP vs. JPHY - Volatility Comparison

The current volatility for JPMorgan Short Duration Core Plus ETF (JSCP) is 0.43%, while JPMorgan High Yield Research Enhanced ETF (JPHY) has a volatility of 0.71%. This indicates that JSCP experiences smaller price fluctuations and is considered to be less risky than JPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSCP	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	0.71%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	1.34%	2.38%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	1.73%	3.02%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.58%	2.94%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.53%	2.94%	-0.41%

JSCP vs. JPHY - Expense Ratio Comparison

JSCP has a 0.33% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

JSCP vs. JPHY - Dividend Comparison

JSCP's dividend yield for the trailing twelve months is around 4.46%, less than JPHY's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021
JPHY JPMorgan High Yield Research Enhanced ETF	5.85%	3.32%	0.00%	0.00%	0.00%	0.00%
JSCP JPMorgan Short Duration Core Plus ETF	4.07%	4.64%	4.76%	4.13%	2.51%	1.09%

Frequently Asked Questions

Can I hold both JSCP and JPHY in my portfolio?

JSCP and JPHY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSCP or JPHY?

JPHY has higher volatility (0.71%) compared to JSCP (0.43%). In terms of maximum drawdown, JSCP dropped -8.90% vs JPHY's -1.65%.

Which ETF is better, JSCP or JPHY?

On 1-year performance, JPHY leads with 5.79% vs 3.14% for JSCP. On fees, JPHY is cheaper at 0.24% per year. On volatility, JSCP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSCP or JPHY?

Over the 1-year period, JPHY has performed better with a 5.79% return vs 3.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSCP or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.33% for JSCP.

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

JPHY has the higher dividend yield at 5.85%, compared with 4.07% for JSCP.

What is the main difference between JSCP and JPHY?

JSCP is categorized as Short-Term Bond, while JPHY is High Yield Bonds. Their fees differ too: 0.33% for JSCP and 0.24% for JPHY.

Which has better risk-adjusted returns?

JSCP currently has the higher Sharpe Ratio (2.15 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.