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CPHY

GradeCNASDAQ Global Market

F/m Compoundr High Yield Bond ETF

High Yield Bond · F/m · Inception 2025-08-12

$51.10−0.36 (−0.70%)

As of Sep 23, 2026, 1:48 PM EDT

History starts Aug 12, 2025.
Intraday session: down, 11 prints from 51.46 to 51.10. Range 51.07 to 51.34. Use the arrow keys to read each point.$51.20$51.3010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$3M
1Y return
+1.1%
Yield · Last 12 months
—
Holdings
3
Volume · 30D
0M sh
NAV per share
$51.46
52W range
low $50.16high $51.97

The ETF.net CPHY Grade

C

40/ 100

Rank 68 of 85 in US High Yield⁠

Confidence High

Six-pillar profile for CPHY. Scores out of 100: Cost 70, Risk 37, Mission 100, Tradability 42, Holdings 21, Durability 25. Strongest: Mission (100). Weakest: Holdings (21). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned61This cap took−21Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 70
    Category rank24/85 · top 28%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank18/74 · top 24%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank73/85 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank55/85 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 21
    Category rank81/85 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 25
    Category rank79/85 · bottom quartile

Graded as of Sep 22, 2026

Our read on CPHY

ETF.net Research

CA 2025 arrival in a crowded aisle: CPHY tracks a Nasdaq-built Compoundr index of US high-yield corporate bonds for 0.35%, cheaper than the typical junk-bond ETF but priced above the category's index giants.

Stated mandate

The Fund seeks to track the Nasdaq Compoundr High-Yield Corporate Bond Index before fees and expenses through a primarily high-yield-bond investment strategy.

Why people hold it

  1. 01Costs 0.35% a year, under the 0.40% median for high-yield bond ETFs, so a bit more of the coupon stays in the fund.
  2. 02Rules-based by design: it follows the Nasdaq Compoundr High-Yield Corporate Bond Index, and the portfolio has stayed tight to that stated mandate.
  3. 03Simple plumbing: a standard 1940 Act US bond ETF. No leverage, no options overlay, no partnership tax paperwork.

Worth knowing

  1. 01The big index rivals cost far less (SCYB at 0.03%, SPHY at 0.05%), so the fee edge holds against the category's middle, not its leaders.
  2. 02Launched in August 2025, so the live record is short, and below-investment-grade bonds can fall hard when credit spreads widen.
  3. 03It trades lightly next to the category's heavyweights, which makes bid/ask spreads and order type more consequential.

CPHY Holdings

As of Sep 20, 2026, 4:12 AM
Asset class
Bonds
Holdings
3
Top-10 weight
100%
Largest holding
USHY50.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001USHYiShares Broad USD High Yield Corporate Bond ETF50.01%0$2M13
002SPHYState Street SPDR Portfolio High Yield Bond ETF50.00%0$2M16

Showing 1–2 of 2 holdings

CPHY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CPHY$10,110
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CPHY $10,110. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CPHY. Periods over one year show the average yearly return.
PeriodCPHY
Year to date+0.4%
1 month−0.7%
3 months−0.2%
1 year+1.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CPHY
YearReturn barCPHY
2026 YTD+0.4%
2025+2.3%

Since listing, Aug 12, 2025

CPHY in the news

ETF.net Research hasn’t filed on CPHY yet — coverage lands here as it’s written.

CPHY Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

CPHY Risk

How much the fund’s monthly returns vary, scaled to a year.
2.7%
Annualised · 12 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.33
vs 3-month T-bills · 12 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.5%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CPHY Cost

Expense ratio0.35%
  • The middle half of US High Yield funds
  • Median 0.43%

22 of the 84 US High Yield funds charge less.

CPHY costs $35.00 a year on $10,000. The median US High Yield fund costs $43.50.