NUHY vs. JPHY

Last updated Jun 26, 2026

NUHY (Nuveen ESG High Yield Corporate Bond ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. NUHY is passively managed, while JPHY is actively managed. Over the past year, NUHY returned 6.04% vs 6.32% for JPHY. Their correlation of 0.83 suggests significant overlap in exposure. NUHY charges 0.30%/yr vs 0.24%/yr for JPHY.

Performance

NUHY vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG High Yield Corporate Bond ETF (NUHY) 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, NUHY achieves a 2.04% return, which is significantly lower than JPHY's 2.24% return.

NUHY

• 1D: 0.14%
• 1M: 0.67%
• YTD: 2.04%
• 6M: 1.95%
• 1Y: 6.04%
• 3Y*: 8.82%
• 5Y*: 3.50%
• 10Y*: —

JPHY

• 1D: 0.02%
• 1M: 0.26%
• YTD: 2.24%
• 6M: 2.21%
• 1Y: 6.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUHY vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
NUHY Nuveen ESG High Yield Corporate Bond ETF	2.04%	3.97%
JPHY JPMorgan High Yield Research Enhanced ETF	2.24%	4.06%

Correlation

The correlation between NUHY and JPHY 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 (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.83

The correlation between NUHY and JPHY has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

Return for Risk

NUHY vs. JPHY — Risk / Return Rank

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

NUHY

NUHY Risk / Return Rank: 55
NUHY Sharpe Ratio Rank: 51
NUHY Sortino Ratio Rank: 58
NUHY Omega Ratio Rank: 56
NUHY Calmar Ratio Rank: 48
NUHY Martin Ratio Rank: 60

JPHY

JPHY Risk / Return Rank: 84
JPHY Sharpe Ratio Rank: 76
JPHY Sortino Ratio Rank: 86
JPHY Omega Ratio Rank: 84
JPHY Calmar Ratio Rank: 82
JPHY Martin Ratio Rank: 90

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.

NUHY vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) 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.

	NUHY	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.12	-0.55
Sortino ratio: Return per unit of downside risk	2.43	3.36	-0.93
Omega ratio: Gain probability vs. loss probability	1.31	1.44	-0.13
Calmar ratio: Return relative to maximum drawdown	2.12	3.85	-1.73
Martin ratio: Return relative to average drawdown	9.39	17.77	-8.38

NUHY vs. JPHY - Sharpe Ratio Comparison

The current NUHY Sharpe Ratio is 1.57, which is comparable to the JPHY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of NUHY 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

NUHY vs. JPHY - Drawdown Comparison

The maximum NUHY drawdown since its inception was -20.14%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for NUHY and JPHY.

Drawdown Indicators

	NUHY	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-20.14%	-1.65%	-18.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-1.65%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-4.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.92%	—	—
Current Drawdown Current decline from peak	-0.09%	-0.13%	+0.04%
Average Drawdown Average peak-to-trough decline	-3.50%	-0.21%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.36%	+0.29%

Volatility

NUHY vs. JPHY - Volatility Comparison

Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a higher volatility of 1.17% compared to JPMorgan High Yield Research Enhanced ETF (JPHY) at 0.61%. This indicates that NUHY's price experiences larger fluctuations and is considered to be riskier than JPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUHY	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.61%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	3.18%	2.31%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.00%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	3.00%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.48%	3.00%	+5.48%

NUHY vs. JPHY - Expense Ratio Comparison

NUHY has a 0.30% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

NUHY vs. JPHY - Dividend Comparison

NUHY's dividend yield for the trailing twelve months is around 6.60%, more than JPHY's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JPHY JPMorgan High Yield Research Enhanced ETF	5.91%	3.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NUHY Nuveen ESG High Yield Corporate Bond ETF	6.60%	6.51%	6.59%	6.64%	6.36%	4.88%	5.10%	1.37%

Frequently Asked Questions

Can I hold both NUHY and JPHY in my portfolio?

NUHY and JPHY 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 is riskier, NUHY or JPHY?

NUHY has higher volatility (1.17%) compared to JPHY (0.61%). In terms of maximum drawdown, NUHY dropped -20.14% vs JPHY's -1.65%.

Which ETF is better, NUHY or JPHY?

On 1-year performance, JPHY leads with 6.32% vs 6.04% for NUHY. On fees, JPHY is cheaper at 0.24% per year. On volatility, JPHY has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUHY or JPHY?

Over the 1-year period, JPHY has performed better with a 6.32% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUHY or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.30% for NUHY.

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

NUHY has the higher dividend yield at 6.60%, compared with 5.91% for JPHY.

What is the main difference between NUHY and JPHY?

They also come from different issuers: Nuveen and JPMorgan. Their fees differ too: 0.30% for NUHY and 0.24% for JPHY.

Which has better risk-adjusted returns?

JPHY currently has the higher Sharpe Ratio (2.12 vs 1.57), 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.