SNLN vs. JPHY

Last updated Jun 4, 2026

SNLN (Highland iBoxx Senior Loan ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. SNLN is passively managed, while JPHY is actively managed. SNLN charges 0.75%/yr vs 0.24%/yr for JPHY.

Performance

SNLN vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Highland iBoxx Senior Loan ETF (SNLN) and JPMorgan High Yield Research Enhanced ETF (JPHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNLN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 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)

SNLN vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
SNLN Highland iBoxx Senior Loan ETF	0.00%	0.00%
JPHY JPMorgan High Yield Research Enhanced ETF	2.07%	4.00%

SNLN vs. JPHY - Sectors Allocation Comparison

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

Return for Risk

SNLN vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Highland iBoxx Senior Loan ETF (SNLN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SNLN	JPHY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.17	—

Drawdowns

Drawdown Indicators

	SNLN	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.65%	—
Current Drawdown Current decline from peak	—	-0.09%	—
Average Drawdown Average peak-to-trough decline	—	-0.21%	—

Volatility

Volatility by Period

	SNLN	JPHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	3.04%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.04%	—

SNLN vs. JPHY - Expense Ratio Comparison

SNLN has a 0.75% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

SNLN vs. JPHY - Dividend Comparison

SNLN has not paid dividends to shareholders, while JPHY's dividend yield for the trailing twelve months is around 5.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPHY JPMorgan High Yield Research Enhanced ETF	5.92%	3.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SNLN Highland iBoxx Senior Loan ETF	0.00%	0.00%	0.00%	5.50%	4.88%	2.83%	3.21%	4.72%	5.03%	4.75%	4.36%	4.36%

Frequently Asked Questions

Which ETF is better, SNLN 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, SNLN or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.75% for SNLN.

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

JPHY has the higher dividend yield at 5.92%, compared with 0.00% for SNLN.

What is the main difference between SNLN and JPHY?

They also come from different issuers: Highland Capital Management and JPMorgan. Their fees differ too: 0.75% for SNLN and 0.24% for JPHY.