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Launched · SEC filings

JPMorgan Active High Yield ETF

JPHYNYSE ArcaJ.P. MorganB

$48.760.00 (0.00%)

As of Nov 2, 2026, 3:59 PM ET

B60/ 100

Rank 40 of 85 in US High Yield

B60/100Rank 40 of 85inUS High Yield
Intraday session: down, 79 prints from 48.76 to 48.76. Range 48.62 to 48.78. Use the arrow keys to read each point.48.6348.6548.6748.7048.7310 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$2.24B
1Y total return
+2.9%
Yield · Last 12 months
6.53%
Holdings
580
Avg volume · 30D
34.2K sh
52W range
low $48.28high $51.00
Launched
Filings
SEC EDGAR

The ETF.net JPHY Grade

B

Score 60 out of 100

Category
US High Yield⁠
Rank
40 of 85
Six-pillar profile for JPHY. Scores out of 100: Cost 45, Risk 61, Mission 93, Tradability 37, Holdings 58, Durability 61. Strongest: Mission (93). Weakest: Tradability (37). Leans toward Mission.

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 100
    Rank 45 of 85

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 32 of 77

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 17 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 59 of 85

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 45 of 85

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 34 of 85

Our read on JPHY

ETF.net Research

In short

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.

Stated mandate

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.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.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 Performance

Launched Jun 24, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
JPHY$10,286
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. JPHY $10,286. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 JPHY. Periods over one year show the average yearly return.
PeriodJPHY
Year to date+1.6%
1 month+1.1%
3 months−0.7%
1 year+2.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 JPHY
YearReturn barJPHY
2026 YTD+1.6%
2025+4.0%

History from Jun 25, 2025

JPHY in the news

JPHY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.53%Last 12 months
Payout per share
$3.20Last 12 months
Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 16 payments from 2025 to 2026 YTD. Aug 1, 2025 $0.31; Sep 2, 2025 $0.28; Oct 1, 2025 $0.26; Nov 3, 2025 $0.26; Dec 1, 2025 $0.26; Dec 15, 2025 $0.04; Dec 31, 2025 $0.26; Feb 2, 2026 $0.26; Mar 2, 2026 $0.26; Apr 1, 2026 $0.26; May 1, 2026 $0.26; Jun 1, 2026 $0.26; Jul 1, 2026 $0.27; Aug 3, 2026 $0.27; Sep 1, 2026 $0.28; Oct 1, 2026 $0.26. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.27
Oct 1, 2026Oct 5, 2026$0.26
Sep 1, 2026Sep 3, 2026$0.28
Aug 3, 2026Aug 5, 2026$0.27
Jul 1, 2026Jul 6, 2026$0.27
Jun 1, 2026Jun 3, 2026$0.26
May 1, 2026May 5, 2026$0.26
Apr 1, 2026Apr 6, 2026$0.26
Mar 2, 2026Mar 4, 2026$0.26
Feb 2, 2026Feb 4, 2026$0.26
Dec 31, 2025Jan 5, 2026$0.26
Dec 15, 2025Dec 17, 2025$0.04

See all 17 payments⁠

$10,000 in JPHY 1 year ago paid $630 in dividends.⁠

JPHY Risk

Risk pillarB61 out of 100Rank 17 of 85 in US High Yield
How much the fund’s monthly returns vary, scaled to a year.
3.2%
Annualised · 16 months to Oct 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.
−0.03
vs 3-month T-bills · 16 months to Oct 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%
16 months · trough Sep 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.
0.12
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.

FMP measures it over up to five years of monthly returns.

JPHY Cost

Compare JPHY and SCYB

Overpaying vs SCYB, cheapest in US High Yield

$8,403

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JPHY 0.45%

    $9,041

  • SCYB 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • JPHY 0.45%
  • SCYB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530JPHY $9,041SCYB $638

Year by year

YearJPHYSCYBOverpaying
10$812$55$757
20$3,128$216$2,912
30$9,041$638$8,403

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