OHYFX vs. SPY
Compare and contrast key facts about JPMorgan High Yield Fund (OHYFX) and State Street SPDR S&P 500 ETF (SPY).
OHYFX is managed by JPMorgan. It was launched on Nov 13, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
OHYFX vs. SPY - Performance Comparison
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OHYFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OHYFX JPMorgan High Yield Fund | -0.68% | 8.37% | 8.64% | 11.80% | -10.32% | 6.76% | 2.85% | 13.47% | -2.84% | 6.66% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, OHYFX achieves a -0.68% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, OHYFX has underperformed SPY with an annualized return of 5.34%, while SPY has yielded a comparatively higher 14.06% annualized return.
OHYFX
- 1D
- 0.47%
- 1M
- -1.22%
- YTD
- -0.68%
- 6M
- 0.92%
- 1Y
- 6.48%
- 3Y*
- 8.31%
- 5Y*
- 4.13%
- 10Y*
- 5.34%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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OHYFX vs. SPY - Expense Ratio Comparison
OHYFX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
OHYFX vs. SPY — Risk / Return Rank
OHYFX
SPY
OHYFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Fund (OHYFX) and State Street SPDR S&P 500 ETF (SPY). 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.
| OHYFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 0.96 | +1.18 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.49 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.23 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.53 | +0.93 |
Martin ratioReturn relative to average drawdown | 11.74 | 7.27 | +4.47 |
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
| OHYFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.96 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.70 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.79 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.56 | +0.68 |
Correlation
The correlation between OHYFX and SPY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OHYFX vs. SPY - Dividend Comparison
OHYFX's dividend yield for the trailing twelve months is around 6.04%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OHYFX JPMorgan High Yield Fund | 6.04% | 6.46% | 7.18% | 6.46% | 6.02% | 4.74% | 4.63% | 5.75% | 6.19% | 5.67% | 5.51% | 6.23% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
OHYFX vs. SPY - Drawdown Comparison
The maximum OHYFX drawdown since its inception was -29.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OHYFX and SPY.
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Drawdown Indicators
| OHYFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.34% | -55.19% | +25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -12.05% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -24.50% | +10.73% |
Max Drawdown (10Y)Largest decline over 10 years | -23.27% | -33.72% | +10.45% |
Current DrawdownCurrent decline from peak | -1.49% | -5.53% | +4.04% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -9.09% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.54% | -1.99% |
Volatility
OHYFX vs. SPY - Volatility Comparison
The current volatility for JPMorgan High Yield Fund (OHYFX) is 1.42%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that OHYFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OHYFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 5.35% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 9.50% | -7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 19.06% | -15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 17.06% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 17.92% | -12.35% |