SNLN vs. JPHY

Last updated Apr 2, 2026

Compare and contrast key facts about Highland iBoxx Senior Loan ETF (SNLN) and JPMorgan High Yield Research Enhanced ETF (JPHY).

SNLN and JPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SNLN is a passively managed fund by Highland Capital Management that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Nov 8, 2012. JPHY is an actively managed fund by JPMorgan. It was launched on Sep 14, 2016.

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.

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	0.38%	4.00%

Returns By Period

SNLN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPHY

• 1D: 0.22%
• 1M: -0.10%
• YTD: 0.38%
• 6M: 1.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNLN vs. JPHY - Expense Ratio Comparison

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

SNLN

Highland iBoxx Senior Loan ETF

JPHY

JPMorgan High Yield Research Enhanced ETF

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	—	1.87	—

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 4.91%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
JPHY JPMorgan High Yield Research Enhanced ETF	4.91%	3.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	SNLN	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.65%	—
Current Drawdown Current decline from peak	—	-0.43%	—
Average Drawdown Average peak-to-trough decline	—	-0.23%	—

Volatility

Volatility by Period

	SNLN	JPHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	3.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.09%	—