HYG vs JPHY: Differences, Returns & Fees
On May 31, 2026 HYG's duration was 3.0 years and JPHY's 2.6; JPHY charges 0.45% to HYG's 0.49%. Net assets on Oct 20, 2026: $16.2bn for iShares iBoxx $ High Yield Corporate Bond ETF and $2.2bn for JPMorgan Active High Yield ETF.
JPHY costs 0.04 points a year less; their one-year returns differ by 1.4 points; HYG is 7.3 times larger.
| HYG | JPHY | |
|---|---|---|
| Expense ratio | 0.49% | 0.45% |
| Net assets | $16.2bn | $2.2bn |
| Total return, 1 year | +0.7% | +2.1% |
| What it tracks | Markit iBoxx USD Liquid High Yield Index | No index, actively managed |
| Holdings in common | 32% | |
Holdings in common uses holdings dated May 31, 2026.
HYG and JPHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and JPHY follows No index, actively managed.
- Holdings in common. 32% of the weight is in the same securities (holdings dated May 31, 2026).
- Size. HYG has $16.2bn in net assets and JPHY $2.2bn (Net assets); HYG is 7.4 times larger.
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, HYG and JPHY hold 32% of their money in the same securities at the same weight. Holdings dated May 31, 2026.
half
32% in common
On the same fields
HYG and JPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 20, 2026 it returned +0.7% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% 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, HYG or JPHY?
- In the year to Oct 20, 2026, with distributions reinvested, HYG returned +0.7% and JPHY +2.1%.
- Which is cheaper, HYG or JPHY?
- JPHY is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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, HYG against JPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/hyg-vs-jphy
ETFIQ. (Oct 20, 2026). HYG against JPHY. Retrieved from https://etfiq.com/compare/any/hyg-vs-jphy
[HYG against JPHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/hyg-vs-jphy)
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