JPHY vs USHY: Differences, Returns & Fees
JPHY's duration was 2.6 years on May 31, 2026 and USHY's 3.0 on Jul 31, 2026; USHY charges 0.08% to JPHY's 0.45%. Net assets on Oct 20, 2026: $2.2bn for JPMorgan Active High Yield ETF and $25.6bn for iShares Broad USD High Yield Corporate Bond ETF.
USHY costs 0.37 points a year less; their one-year returns differ by 0.9 points; USHY is 11.6 times larger.
| JPHY | USHY | |
|---|---|---|
| Expense ratio | 0.45% | 0.08% |
| Net assets | $2.2bn | $25.6bn |
| Total return, 1 year | +2.1% | +1.2% |
| What it tracks | No index, actively managed | ICE BofA US High Yield Constrained Index |
| Holdings in common | 28% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
JPHY and USHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. JPHY follows No index, actively managed and USHY follows ICE BofA US High Yield Constrained Index.
- Holdings in common. 28% of the weight is in the same securities (holdings dated May 31, 2026 and Jul 31, 2026).
- Number of holdings. JPHY holds 574 positions and USHY holds 1901.
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 USHY hold 28% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
28% in common
On the same fields
JPHY and USHY 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 USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against +1.1% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, JPHY or USHY?
- In the year to Oct 20, 2026, with distributions reinvested, JPHY returned +2.1% and USHY +1.2%.
- Which is cheaper, JPHY or USHY?
- USHY is cheaper, by 0.37 percentage points a year. That is about $37 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 USHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/jphy-vs-ushy
ETFIQ. (Oct 20, 2026). JPHY against USHY. Retrieved from https://etfiq.com/compare/any/jphy-vs-ushy
[JPHY against USHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/jphy-vs-ushy)
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