JPHY vs PHYL: Differences, Returns & Fees
JPHY's duration was 2.6 years on May 31, 2026 and PHYL's 3.0 on May 29, 2026; PHYL charges 0.39% to JPHY's 0.45%. Net assets: $2.2bn on Oct 20, 2026 for JPMorgan Active High Yield ETF, and $1.5bn on Oct 19, 2026 for PGIM Active High Yield Bond ETF.
PHYL costs 0.06 points a year less; their one-year returns differ by 1.3 points; JPHY is 1.5 times larger.
| JPHY | PHYL | |
|---|---|---|
| Expense ratio | 0.45% | 0.39% |
| Net assets, as of Oct 19, 2026 | $2.2bn | $1.5bn |
| Total return, 1 year | +2.1% | +0.8% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | 20% | |
Holdings in common uses holdings dated May 29, 2026 and May 31, 2026.
JPHY and PHYL are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 20% of the weight is in the same securities (holdings dated May 31, 2026 and May 29, 2026).
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 20, 2026 JPHY returned +2.1% and PHYL +0.8% with distributions reinvested, a gap of 1.3 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, JPHY and PHYL hold 20% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and May 31, 2026.
half
20% in common
On the same fields
JPHY and PHYL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About PHYL
PHYL is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +0.8% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.39% a year.
Questions people ask
- Which returned more over the last year, JPHY or PHYL?
- In the year to Oct 20, 2026, with distributions reinvested, JPHY returned +2.1% and PHYL +0.8%.
- Which is cheaper, JPHY or PHYL?
- PHYL is cheaper, by 0.06 percentage points a year. That is about $6 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, JPHY against PHYL, data as of Oct 20, 2026. https://etfiq.com/compare/any/jphy-vs-phyl
ETFIQ. (Oct 20, 2026). JPHY against PHYL. Retrieved from https://etfiq.com/compare/any/jphy-vs-phyl
[JPHY against PHYL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/jphy-vs-phyl)
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