XHYH vs. JPHY

Last updated Jun 5, 2026

XHYH (BondBloxx US High Yield Healthcare Sector ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. XHYH is passively managed, while JPHY is actively managed. At a 0.45 correlation, their price movements are largely independent. XHYH charges 0.35%/yr vs 0.24%/yr for JPHY.

Performance

XHYH vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Healthcare Sector ETF (XHYH) 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, XHYH achieves a 1.24% return, which is significantly lower than JPHY's 2.06% return.

XHYH

• 1D: 0.00%
• 1M: -0.35%
• YTD: 1.24%
• 6M: 1.15%
• 1Y: 7.28%
• 3Y*: 9.88%
• 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)

XHYH vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
XHYH BondBloxx US High Yield Healthcare Sector ETF	1.24%	4.34%
JPHY JPMorgan High Yield Research Enhanced ETF	2.06%	4.00%

Correlation

The correlation between XHYH and JPHY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.45

XHYH vs. JPHY - Sectors Allocation Comparison

Sectors	XHYH	JPHY
Healthcare	64.7%	5.1%
Consumer Cyclical	3.8%	8.9%
Technology	0.3%	4.8%
Basic Materials	-	3.6%
Communication Services	-	15.8%
Consumer Defensive	-	2.4%
Energy	-	7.0%
Financial Services	-	1.8%
Industrials	-	10.8%
Real Estate	-	3.0%
Utilities	-	2.8%

Return for Risk

XHYH vs. JPHY — Risk / Return Rank

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

XHYH

XHYH Risk / Return Rank: 63
XHYH Sharpe Ratio Rank: 56
XHYH Sortino Ratio Rank: 68
XHYH Omega Ratio Rank: 62
XHYH Calmar Ratio Rank: 63
XHYH Martin Ratio Rank: 68

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.

XHYH vs. JPHY - Risk-Adjusted Trends Comparison

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

	XHYH	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	3.06	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.09	—	—
Martin ratio: Return relative to average drawdown	12.30	—	—
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

	XHYH	JPHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	2.16	-1.63

Drawdowns

XHYH vs. JPHY - Drawdown Comparison

The maximum XHYH drawdown since its inception was -17.84%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for XHYH and JPHY.

Drawdown Indicators

	XHYH	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-1.65%	-16.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.09%	—	—
Current Drawdown Current decline from peak	-0.51%	-0.10%	-0.41%
Average Drawdown Average peak-to-trough decline	-4.62%	-0.21%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	XHYH	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	3.04%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.55%	3.04%	+5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.55%	3.04%	+5.51%

XHYH vs. JPHY - Expense Ratio Comparison

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

Dividends

XHYH vs. JPHY - Dividend Comparison

XHYH's dividend yield for the trailing twelve months is around 6.58%, more 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%
XHYH BondBloxx US High Yield Healthcare Sector ETF	6.58%	6.95%	6.95%	7.73%	6.99%

Frequently Asked Questions

Can I hold both XHYH and JPHY in my portfolio?

XHYH and JPHY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHYH 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, XHYH or JPHY?

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

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

XHYH has the higher dividend yield at 6.58%, compared with 5.92% for JPHY.

What is the main difference between XHYH and JPHY?

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