FALN vs JPHY: Differences, Returns & Fees
FALN's duration was 4.6 years on Jul 31, 2026 and JPHY's 2.6 on May 31, 2026; FALN charges 0.25% to JPHY's 0.45%. Net assets on Oct 20, 2026: $1.6bn for iShares Fallen Angels USD Bond ETF and $2.2bn for JPMorgan Active High Yield ETF.
FALN costs 0.20 points a year less; their one-year returns differ by 2.9 points; JPHY is 1.4 times larger.
| FALN | JPHY | |
|---|---|---|
| Expense ratio | 0.25% | 0.45% |
| Net assets | $1.6bn | $2.2bn |
| Total return, 1 year | −0.8% | +2.1% |
| What it tracks | Bloomberg US High Yield Fallen Angel 3% Capped Index | No index, actively managed |
| Holdings in common | 0% | |
| Below its high | 4.4%, high on Aug 13, 2026 | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
FALN and JPHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FALN follows Bloomberg US High Yield Fallen Angel 3% Capped Index and JPHY follows No index, actively managed.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 FALN returned −0.8% and JPHY +2.1% with distributions reinvested, a gap of 2.9 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, FALN and JPHY hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
0% in common
On the same fields
FALN and JPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FALN
FALN tracks an index. Over the year to Oct 20, 2026 it returned −0.8% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.25% a year. It sat 4.4% below its high of Aug 13, 2026 on Oct 20, 2026.
About JPHY
JPHY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +2.1% with distributions reinvested, against +1.2% for its benchmark, the ICE BofA US High Yield Constrained Index. The prospectus expense ratio is 0.45% a year.
Questions people ask
- Which returned more over the last year, FALN or JPHY?
- In the year to Oct 20, 2026, with distributions reinvested, FALN returned −0.8% and JPHY +2.1%.
- Which is cheaper, FALN or JPHY?
- FALN is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FALN against JPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/faln-vs-jphy
ETFIQ. (Oct 20, 2026). FALN against JPHY. Retrieved from https://etfiq.com/compare/any/faln-vs-jphy
[FALN against JPHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/faln-vs-jphy)
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