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FLHY vs JPHY: Differences, Returns & Fees

FLHY's duration was 3.1 years on Jun 30, 2026 and JPHY's 2.6 on May 31, 2026; FLHY charges 0.40% to JPHY's 0.45%. Net assets on Oct 20, 2026: $1.2bn for Franklin High Yield Corporate ETF and $2.2bn for JPMorgan Active High Yield ETF.

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Ask IQ about FLHY and JPHY

Answers cite the figures on this page.

FLHY costs 0.05 points a year less; their one-year returns differ by 0.1 points; JPHY is 1.8 times larger.

FLHY vs JPHY: Differences, Returns & Fees
FLHYJPHY
Expense ratio0.40%0.45%
Net assets$1.2bn$2.2bn
Total return, 1 year+2.0%+2.1%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common13%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

+2.0%
FLHY total return, 1 year
+2.1%
JPHY total return, 1 year
0.40%
FLHY expense ratio
0.45%
JPHY expense ratio

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Client brief · page 1 of 2Report BR-360BEF2788

FLHY and JPHY are built for the same job. How do they differ in cost, holdings and results?

  1. Holdings in common. 13% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 31, 2026).
  2. What each follows (similar). Both follow No index, actively managed.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 FLHY returned +2.0% and JPHY +2.1% with distributions reinvested, a gap of 0.1 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, FLHY and JPHY hold 13% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

half

13% in common

Positions both hold, largest shared weight first
Holding FLHY JPHY
IQV 6.25 06/01/32 144A, due Jun 1, 2032 0.67% 0.50%
TRACTD 6.5 05/01/31 144A, due May 1, 2031 0.43% 0.44%
RCL 6 02/01/33 144A, due Feb 1, 2033 0.34% 1.03%
EQMSRM 9 05/15/28 144A, due May 15, 2028 0.43% 0.33%
VST 7.75 10/15/31 144A, due Oct 15, 2031 0.65% 0.31%
ISATLN 9 09/15/29 144A, due Sep 15, 2029 0.72% 0.30%
SBGI 8.125 02/15/33 144A, due Feb 15, 2033 0.35% 0.30%
PETM 7.5 09/15/32, due Sep 15, 2032 0.83% 0.29%
KNTK 5.875 06/15/30 144A, due Jun 15, 2030 0.50% 0.29%
NOVHOL 6.75 04/15/32 144A, due Apr 15, 2032 0.73% 0.28%
TLN 6.25 02/01/34 144A, due Feb 1, 2034 0.27% 0.28%
W 7.75 09/15/30 144A, due Sep 15, 2030 0.27% 0.29%
Only in FLHY
DVA 4.625 06/01/30 144A, due Jun 1, 2030 0.93%
SKX 10 07/15/33 144a, due Jul 15, 2033 0.87%
THS 7.75 02/11/33 144A, due Feb 11, 2033 0.85%
APLD 9.25 12/15/30 144A, due Dec 15, 2030 0.83%
KEDRIM 6.5 09/01/29 144A, due Sep 1, 2029 0.81%
PSDO 7.5 06/01/31 144A, due Jun 1, 2031 0.81%
EBIDCO 7.5 02/15/32 XR, due Feb 15, 2032 0.80%
ICECR 6 08/01/32 144a, due Aug 1, 2032 0.80%
Only in JPHY
CCO Holdings LLC, due Feb 1, 2032 1.09%
Live Nation Entertainment, Inc., due May 15, 2027 0.82%
Venture Global LNG, Inc., due Feb 1, 2032 0.80%
CCO Holdings LLC, due Jun 1, 2033 0.78%
Ford Motor Credit Co. LLC, due Aug 17, 2027 0.75%
CCO Holdings LLC, due Mar 1, 2030 0.73%
American Airlines, Inc., due Apr 20, 2029 0.71%
Tenet Healthcare Corp., due Nov 1, 2027 0.68%

Check overlap with more funds →

On the same fields

FLHY
Franklin High Yield Corporate ETF
JPHY
JPMorgan Active High Yield ETF
Where it sits Bond ETF Bond ETF
Issuer Franklin JPMorgan
What it is Actively managed Actively managed
Total return, 1 year +2.0% +2.1%
Its benchmark over the same days +1.2% (USHY) +1.2% (USHY)
Gap to its benchmark +0.8 pts vs USHY +0.9 pts vs USHY
Expense ratio 0.40% 0.45%
Holdings 289 574
Net assets $1.2bn $2.2bn

FLHY and JPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FLHY

FLHY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +2.0% with distributions reinvested, against +1.2% for its benchmark, the ICE BofA U.S. High Yield Constrained Index. The prospectus expense ratio is 0.40% a year.

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, FLHY or JPHY?
In the year to Oct 20, 2026, with distributions reinvested, FLHY returned +2.0% and JPHY +2.1%.
Which is cheaper, FLHY or JPHY?
FLHY is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLHY vs SCYBFLHY vs NHYBFLHY vs HYLSFLHY vs PHYLHFSI vs JPHYJPHY vs SHYGJPHY vs SPHYJPHY vs USHY
FLHY on its own →JPHY on its own →Hold both: look the portfolio through →Rankings →FLHY dividend history →FLHY holdings →JPHY dividend history →JPHY holdings →Standards and sources →
Where these figures came from
FLHY filings on SEC EDGAR ↗FLHY prospectus with the expense ratio (SEC) ↗Franklin website ↗JPHY filings on SEC EDGAR ↗JPHY prospectus with the expense ratio (SEC) ↗JPMorgan website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

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, FLHY against JPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/flhy-vs-jphy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.