ZTOP vs. ESHY

Last updated Aug 2, 2026

ZTOP (F/m High Yield 100 ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - ZTOP tracks the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. ZTOP charges 0.39%/yr vs 0.20%/yr for ESHY.

Performance

ZTOP vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m High Yield 100 ETF (ZTOP) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZTOP

• 1D: 0.09%
• 1M: -0.35%
• 6M: 1.01%
• YTD: 1.62%
• 1Y: 4.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.51%

ESHY

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	$0.00	$0.00	$0.00
ZTOP F/m High Yield 100 ETF	$9.29K	$12.01K	$41.65K

ZTOP vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
ZTOP F/m High Yield 100 ETF	0.95%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

ZTOP vs. ESHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ZTOP

ZTOP Risk / Return Rank: 65
ZTOP Sharpe Ratio Rank: 64
ZTOP Sortino Ratio Rank: 67
ZTOP Omega Ratio Rank: 69
ZTOP Calmar Ratio Rank: 54
ZTOP Martin Ratio Rank: 70

ESHY

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ZTOP vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m High Yield 100 ETF (ZTOP) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ZTOP	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.94	—	—
Martin ratio: Return relative to average drawdown	8.69	—	—

Drawdowns

ZTOP vs. ESHY - Drawdown Comparison

The maximum ZTOP drawdown since its inception was -2.52%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ZTOP and ESHY.

Drawdown Indicators

	ZTOP	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.52%	0.00%	-2.52%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	—	—
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-0.29%	0.00%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	—	—

Volatility

Volatility by Period

	ZTOP	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	0.00%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.38%	0.00%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.38%	0.00%	+3.38%

ZTOP vs. ESHY - Expense Ratio Comparison

ZTOP has a 0.39% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

ZTOP vs. ESHY - Dividend Comparison

ZTOP's dividend yield for the trailing twelve months is around 6.29%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%
ZTOP F/m High Yield 100 ETF	6.29%	4.39%

Frequently Asked Questions

Which ETF is better, ZTOP or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZTOP or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.39% for ZTOP.

Which ETF pays a higher dividend yield, ZTOP or ESHY?

ZTOP has the higher dividend yield at 6.29%, compared with 0.00% for ESHY.

What is the main difference between ZTOP and ESHY?

ZTOP tracks Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: F/m and Deutsche Bank. Their fees differ too: 0.39% for ZTOP and 0.20% for ESHY.