OHYFX vs. HYDB
Compare and contrast key facts about JPMorgan High Yield Fund (OHYFX) and iShares High Yield Bond Factor ETF (HYDB).
OHYFX is managed by JPMorgan Chase. It was launched on Nov 13, 1998. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OHYFX or HYDB.
Correlation
The correlation between OHYFX and HYDB is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OHYFX vs. HYDB - Performance Comparison
Key characteristics
OHYFX:
3.72
HYDB:
2.42
OHYFX:
5.54
HYDB:
3.49
OHYFX:
1.89
HYDB:
1.46
OHYFX:
6.21
HYDB:
5.41
OHYFX:
23.64
HYDB:
18.72
OHYFX:
0.45%
HYDB:
0.56%
OHYFX:
2.87%
HYDB:
4.32%
OHYFX:
-30.11%
HYDB:
-21.58%
OHYFX:
0.00%
HYDB:
-0.11%
Returns By Period
In the year-to-date period, OHYFX achieves a 1.39% return, which is significantly lower than HYDB's 1.51% return.
OHYFX
1.39%
1.08%
5.35%
10.29%
3.97%
4.40%
HYDB
1.51%
1.33%
5.18%
10.00%
5.06%
N/A
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OHYFX vs. HYDB - Expense Ratio Comparison
OHYFX has a 0.65% expense ratio, which is higher than HYDB's 0.35% expense ratio.
Risk-Adjusted Performance
OHYFX vs. HYDB — Risk-Adjusted Performance Rank
OHYFX
HYDB
OHYFX vs. HYDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Fund (OHYFX) and iShares High Yield Bond Factor ETF (HYDB). 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.
Dividends
OHYFX vs. HYDB - Dividend Comparison
OHYFX's dividend yield for the trailing twelve months is around 7.08%, which matches HYDB's 7.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OHYFX JPMorgan High Yield Fund | 7.08% | 7.16% | 7.03% | 6.03% | 4.73% | 4.63% | 5.76% | 6.60% | 5.68% | 5.51% | 6.17% | 5.76% |
HYDB iShares High Yield Bond Factor ETF | 7.05% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.17% | 2.70% | 0.00% | 0.00% | 0.00% |
Drawdowns
OHYFX vs. HYDB - Drawdown Comparison
The maximum OHYFX drawdown since its inception was -30.11%, which is greater than HYDB's maximum drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for OHYFX and HYDB. For additional features, visit the drawdowns tool.
Volatility
OHYFX vs. HYDB - Volatility Comparison
The current volatility for JPMorgan High Yield Fund (OHYFX) is 0.89%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.26%. This indicates that OHYFX experiences smaller price fluctuations and is considered to be less risky than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.