JPMorgan Active High Yield ETF
$48.71−0.14 (−0.29%)
- 0.45%
- $2.2B
- +3.4%
- 6.55%
- 0M sh
- $48.64
- low $48.28high $51.05
The ETF.net JPHY Grade
B
Score 60 out of 100
- 40 of 85
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 45 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 31 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 19 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 59 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 44 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 34 of 85
Our read on JPHY
BBorn big. JPMorgan's active junk-bond fund opened in June 2025 with a $2 billion anchor investment, billed as the largest active ETF launch to date. Bottom-up credit picking across roughly 500 bonds, income paid monthly.
The fund is designed to provide a high level of income, with capital appreciation as a secondary objective. It invests primarily in diversified below-investment-grade debt and applies bottom-up fundamental credit analysis through an active approach.
Why people hold it
- Launched June 2025 with a $2 billion anchor investment from a single institutional client, so it skipped the thin, fragile first act most new funds live through.am.jpmorgan.com
- Analysts pick bonds one at a time, with at least 80% of assets in below-investment-grade debt, measured against the ICE BofA US High Yield Constrained Index.am.jpmorgan.com
- Holdings match the high-yield mandate on the tin, spread across roughly 500 issues, and income goes out monthly rather than quarterly.
- Grades out in the upper half of a crowded high-yield ETF field.
Worth knowing
- At 0.45% a year it costs more than index trackers on the same benchmark (USHY runs 0.08%), so the credit team has to add value to close that gap.
- Volume is light next to the category's giants, so bid-ask spreads can matter more, particularly on large or fast orders.
- The record starts in June 2025, which is not much history to judge the process against a full credit cycle.
JPHY Holdings
- Bonds
- 575
- 11%
- JPMorgan U.s. Government
Sectors
- Corporate97.7%
- Government2.3%
Geography
- United States91.74%
- Canada2.73%
- Liberia1.03%
- United Kingdom0.86%
- Ireland0.86%
- France0.67%
- Netherlands0.52%
- Japan0.34%
- 1.26%
JPHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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JPHY$10,340
Returns run to the Oct 12, 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.
| Period | JPHY |
|---|---|
| Year to date | +1.3% |
| 1 month | −0.9% |
| 3 months | −1.1% |
| 1 year | +3.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JPHY |
|---|---|---|
| 2026 YTD | +1.3% | |
| 2025 | +4.0% |
JPHY in the news
JPHY Dividends
- 6.55%
- $3.20
- $0.26 per share
- Monthly
Distribution history
JPHY Risk
- 3.2%
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.
- −0.22
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.
- −2.5%
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.
- 0.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JPHY Cost
0.45%
JPHY0.45%
- The middle half of US High Yield funds
- Median 0.43%
44 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- BHYSPIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundExpense ratio 0.56%1 year return +3.1%
- BEUHYiShares, Inc. - iShares Euro High Yield Corporate Bond USD Hedged ETFExpense ratio 0.35%1 year return +2.1%
- BYLDPrincipal Active High Yield ETFExpense ratio 0.39%1 year return +3.1%
- BJHHYJohn Hancock Investments - High Yield ETFExpense ratio 0.52%1 year return +2.8%
- BHYSDColumbia Short Duration High Yield ETFExpense ratio 0.44%1 year return +3.2%