GB1E.DE vs. JGHY.DE
GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. GB1E.DE is passively managed, while JGHY.DE is actively managed. Over the past 3 years, GB1E.DE returned 5.97%/yr vs 7.84%/yr for JGHY.DE. At a 0.25 correlation, their price movements are largely independent. GB1E.DE charges 0.30%/yr vs 0.35%/yr for JGHY.DE.
Performance
GB1E.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GB1E.DE achieves a 0.96% return, which is significantly lower than JGHY.DE's 5.12% return.
GB1E.DE
- 1D
- 0.00%
- 1M
- -0.15%
- 6M
- 0.66%
- YTD
- 0.96%
- 1Y
- 3.24%
- 3Y*
- 5.97%
- 5Y*
- —
- 10Y*
- —
JGHY.DE
- 1D
- 0.11%
- 1M
- 1.43%
- 6M
- 3.65%
- YTD
- 5.12%
- 1Y
- 8.71%
- 3Y*
- 7.84%
- 5Y*
- 4.43%
- 10Y*
- —
GB1E.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.96% | 5.84% | 5.89% | 6.74% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 5.12% | -0.68% | 12.22% | 6.38% |
Correlation
The correlation between GB1E.DE and JGHY.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.25 |
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Return for Risk
GB1E.DE vs. JGHY.DE — Risk / Return Rank
GB1E.DE
JGHY.DE
GB1E.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GB1E.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 3.74 | -2.69 |
| Martin ratioReturn relative to average drawdown | 4.34 | 12.46 | -8.11 |
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Drawdowns
GB1E.DE vs. JGHY.DE - Drawdown Comparison
The maximum GB1E.DE drawdown since its inception was -4.31%, smaller than the maximum JGHY.DE drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for GB1E.DE and JGHY.DE.
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Drawdown Indicators
| GB1E.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.31% | -24.72% | +20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.32% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -10.49% | +6.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.49% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.32% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -6.58% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.70% | +0.05% |
Volatility
GB1E.DE vs. JGHY.DE - Volatility Comparison
The current volatility for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) is 0.70%, while JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) has a volatility of 1.04%. This indicates that GB1E.DE experiences smaller price fluctuations and is considered to be less risky than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GB1E.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.04% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 3.00% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 4.54% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 6.56% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 8.78% | -4.53% |
GB1E.DE vs. JGHY.DE - Expense Ratio Comparison
GB1E.DE has a 0.30% expense ratio, which is lower than JGHY.DE's 0.35% expense ratio.
Dividends
GB1E.DE vs. JGHY.DE - Dividend Comparison
Neither GB1E.DE nor JGHY.DE has paid dividends to shareholders.
Frequently Asked Questions
GB1E.DE and JGHY.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GB1E.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GB1E.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for JGHY.DE.
They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.30% for GB1E.DE and 0.35% for JGHY.DE.
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