XHYE vs. JPHY

Last updated Jun 5, 2026

XHYE (BondBloxx US High Yield Energy Sector ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. XHYE is passively managed, while JPHY is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. XHYE charges 0.35%/yr vs 0.24%/yr for JPHY.

Performance

XHYE vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Energy Sector ETF (XHYE) and JPMorgan High Yield Research Enhanced ETF (JPHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHYE achieves a 3.57% return, which is significantly higher than JPHY's 2.06% return.

XHYE

• 1D: 0.00%
• 1M: -0.19%
• YTD: 3.57%
• 6M: 3.82%
• 1Y: 8.97%
• 3Y*: 8.50%
• 5Y*: —
• 10Y*: —

JPHY

• 1D: -0.01%
• 1M: 0.35%
• YTD: 2.06%
• 6M: 2.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XHYE vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
XHYE BondBloxx US High Yield Energy Sector ETF	3.57%	4.46%
JPHY JPMorgan High Yield Research Enhanced ETF	2.06%	4.00%

Correlation

The correlation between XHYE and JPHY is 0.60, 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	0.60

XHYE vs. JPHY - Sectors Allocation Comparison

Sectors	XHYE	JPHY
Energy	49.2%	7.0%
Technology	0.3%	4.8%
Basic Materials	-	3.6%
Communication Services	-	15.8%
Consumer Cyclical	-	8.9%
Consumer Defensive	-	2.4%
Financial Services	-	1.8%
Healthcare	-	5.1%
Industrials	-	10.8%
Real Estate	-	3.0%
Utilities	-	2.8%

Return for Risk

XHYE vs. JPHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHYE

XHYE Risk / Return Rank: 94
XHYE Sharpe Ratio Rank: 91
XHYE Sortino Ratio Rank: 95
XHYE Omega Ratio Rank: 94
XHYE Calmar Ratio Rank: 95
XHYE Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHYE vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Energy Sector ETF (XHYE) 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.

	XHYE	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	3.18	—	—
Sortino ratio: Return per unit of downside risk	5.13	—	—
Omega ratio: Gain probability vs. loss probability	1.69	—	—
Calmar ratio: Return relative to maximum drawdown	8.50	—	—
Martin ratio: Return relative to average drawdown	26.98	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XHYE	JPHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	2.16	-1.32

Drawdowns

XHYE vs. JPHY - Drawdown Comparison

The maximum XHYE drawdown since its inception was -8.87%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for XHYE and JPHY.

Drawdown Indicators

	XHYE	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-8.87%	-1.65%	-7.22%
Max Drawdown (1Y) Largest decline over 1 year	-1.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.40%	—	—
Current Drawdown Current decline from peak	-0.36%	-0.10%	-0.26%
Average Drawdown Average peak-to-trough decline	-1.42%	-0.21%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	—	—

Volatility

Volatility by Period

	XHYE	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	3.04%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.60%	3.04%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	3.04%	+4.56%

XHYE vs. JPHY - Expense Ratio Comparison

XHYE has a 0.35% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

XHYE vs. JPHY - Dividend Comparison

XHYE's dividend yield for the trailing twelve months is around 5.79%, less than JPHY's 5.92% yield.

Position	TTM	2025	2024	2023	2022
JPHY JPMorgan High Yield Research Enhanced ETF	5.92%	3.32%	0.00%	0.00%	0.00%
XHYE BondBloxx US High Yield Energy Sector ETF	5.79%	6.55%	7.04%	6.46%	5.46%

Frequently Asked Questions

Can I hold both XHYE and JPHY in my portfolio?

XHYE and JPHY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHYE 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, XHYE or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.35% for XHYE.

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

JPHY has the higher dividend yield at 5.92%, compared with 5.79% for XHYE.

What is the main difference between XHYE and JPHY?

They also come from different issuers: BondBloxx and JPMorgan. Their fees differ too: 0.35% for XHYE and 0.24% for JPHY.