LDRH vs. JPHY

Last updated Jun 4, 2026

LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. LDRH is passively managed, while JPHY is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. LDRH charges 0.35%/yr vs 0.24%/yr for JPHY.

Performance

LDRH vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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, LDRH achieves a 1.79% return, which is significantly lower than JPHY's 2.07% return.

LDRH

• 1D: -0.20%
• 1M: 0.18%
• YTD: 1.79%
• 6M: 2.28%
• 1Y: 6.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPHY

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

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

LDRH vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	1.79%	3.78%
JPHY JPMorgan High Yield Research Enhanced ETF	2.07%	4.00%

Correlation

The correlation between LDRH and JPHY is 0.76, 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	0.76

LDRH vs. JPHY - Sectors Allocation Comparison

Sectors	LDRH	JPHY
Energy	100.0%	7.0%
Basic Materials	-	3.6%
Communication Services	-	15.8%
Consumer Cyclical	-	8.9%
Consumer Defensive	-	2.4%
Financial Services	-	1.8%
Healthcare	-	5.1%
Industrials	-	10.8%
Real Estate	-	3.0%
Technology	-	4.8%
Utilities	-	2.8%

Return for Risk

LDRH vs. JPHY — Risk / Return Rank

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

LDRH

LDRH Risk / Return Rank: 85
LDRH Sharpe Ratio Rank: 76
LDRH Sortino Ratio Rank: 87
LDRH Omega Ratio Rank: 81
LDRH Calmar Ratio Rank: 88
LDRH Martin Ratio Rank: 91

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.

LDRH vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.

	LDRH	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	2.48	—	—
Sortino ratio: Return per unit of downside risk	3.99	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	5.24	—	—
Martin ratio: Return relative to average drawdown	21.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LDRH	JPHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	2.17	-0.48

Drawdowns

LDRH vs. JPHY - Drawdown Comparison

The maximum LDRH drawdown since its inception was -3.17%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for LDRH and JPHY.

Drawdown Indicators

	LDRH	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-3.17%	-1.65%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.09%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.24%	-0.21%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	—	—

Volatility

Volatility by Period

	LDRH	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	3.04%	-0.43%
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%

LDRH vs. JPHY - Expense Ratio Comparison

LDRH has a 0.35% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

LDRH vs. JPHY - Dividend Comparison

LDRH's dividend yield for the trailing twelve months is around 7.00%, more than JPHY's 5.92% yield.

Position	TTM	2025	2024
JPHY JPMorgan High Yield Research Enhanced ETF	5.92%	3.32%	0.00%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	7.00%	6.41%	1.13%

Frequently Asked Questions

Can I hold both LDRH and JPHY in my portfolio?

LDRH and JPHY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDRH or JPHY?

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.

Which ETF is cheaper, LDRH or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.35% for LDRH.

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

LDRH has the higher dividend yield at 7.00%, compared with 5.92% for JPHY.

What is the main difference between LDRH and JPHY?

They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for LDRH and 0.24% for JPHY.