VSHY vs. JPHY
VSHY (Virtus Newfleet Short Duration High Yield Bond ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. VSHY charges 0.40%/yr vs 0.24%/yr for JPHY.
Performance
VSHY vs. JPHY - Performance Comparison
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Returns By Period
In the year-to-date period, VSHY achieves a 1.75% return, which is significantly lower than JPHY's 2.07% return.
VSHY
- 1D
- -0.19%
- 1M
- 0.37%
- YTD
- 1.75%
- 6M
- 1.74%
- 1Y
- 6.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPHY
- 1D
- -0.09%
- 1M
- 0.44%
- YTD
- 2.07%
- 6M
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSHY vs. JPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 1.75% | 3.65% |
JPHY JPMorgan High Yield Research Enhanced ETF | 2.07% | 4.00% |
Correlation
The correlation between VSHY and JPHY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.76 |
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Return for Risk
VSHY vs. JPHY — Risk / Return Rank
VSHY
JPHY
VSHY vs. JPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) 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.
| VSHY | JPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | — | — |
| Martin ratioReturn relative to average drawdown | 13.84 | — | — |
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
| VSHY | JPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.88 | 2.17 | -0.29 |
Drawdowns
VSHY vs. JPHY - Drawdown Comparison
The maximum VSHY drawdown since its inception was -4.55%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for VSHY and JPHY.
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Drawdown Indicators
| VSHY | JPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -1.65% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.09% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -0.21% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | — | — |
Volatility
VSHY vs. JPHY - Volatility Comparison
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Volatility by Period
| VSHY | JPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.04% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 3.04% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 3.04% | +1.36% |
VSHY vs. JPHY - Expense Ratio Comparison
VSHY has a 0.40% expense ratio, which is higher than JPHY's 0.24% expense ratio.
Dividends
VSHY vs. JPHY - Dividend Comparison
VSHY's dividend yield for the trailing twelve months is around 6.41%, more than JPHY's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JPHY JPMorgan High Yield Research Enhanced ETF | 5.92% | 3.32% | 0.00% | 0.00% |
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 6.41% | 6.14% | 6.81% | 1.36% |
Frequently Asked Questions
VSHY and JPHY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JPHY is cheaper with a 0.24% expense ratio, compared with 0.40% for VSHY.
VSHY has the higher dividend yield at 6.41%, compared with 5.92% for JPHY.
They also come from different issuers: Virtus and JPMorgan. Their fees differ too: 0.40% for VSHY and 0.24% for JPHY.
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