NJNK vs. JPHY
NJNK (Columbia U.S. High Yield ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. NJNK charges 0.46%/yr vs 0.24%/yr for JPHY.
Performance
NJNK vs. JPHY - Performance Comparison
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Returns By Period
In the year-to-date period, NJNK achieves a 1.32% return, which is significantly lower than JPHY's 2.07% return.
NJNK
- 1D
- -0.32%
- 1M
- 0.28%
- YTD
- 1.32%
- 6M
- 1.46%
- 1Y
- 6.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPHY
- 1D
- -0.09%
- 1M
- 0.44%
- YTD
- 2.07%
- 6M
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NJNK vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NJNK Columbia U.S. High Yield ETF | 1.32% | 4.28% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.07% | 4.00% |
Correlation
The correlation between NJNK and JPHY is 0.80, 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 | 0.80 |
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Return for Risk
NJNK vs. JPHY — Risk / Return Rank
NJNK
JPHY
NJNK vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) 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.
| NJNK | JPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | — | — |
| Martin ratioReturn relative to average drawdown | 10.97 | — | — |
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
| NJNK | JPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 2.17 | -0.85 |
Drawdowns
NJNK vs. JPHY - Drawdown Comparison
The maximum NJNK drawdown since its inception was -4.48%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for NJNK and JPHY.
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Drawdown Indicators
| NJNK | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -1.65% | -2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.09% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -0.21% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | — | — |
Volatility
NJNK vs. JPHY - Volatility Comparison
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Volatility by Period
| NJNK | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.04% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 3.04% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 3.04% | +1.76% |
NJNK vs. JPHY - Expense Ratio Comparison
NJNK has a 0.46% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
NJNK vs. JPHY - Dividend Comparison
NJNK's dividend yield for the trailing twelve months is around 6.44%, more than JPHY's 5.92% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 5.92% | 3.32% | 0.00% |
NJNK Columbia U.S. High Yield ETF | 6.44% | 6.34% | 2.05% |
Frequently Asked Questions
NJNK and JPHY have a correlation of 0.80, 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 0.46% for NJNK.
NJNK has the higher dividend yield at 6.44%, compared with 5.92% for JPHY.
They also come from different issuers: Columbia and JPMorgan. Their fees differ too: 0.46% for NJNK and 0.24% for JPHY.
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