GFGB.L vs. JHYP.L
Compare and contrast key facts about VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L).
GFGB.L and JHYP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GFGB.L is a passively managed fund by VanEck that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Mar 19, 2018. JHYP.L is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA Gbl HY Constnd TR HGBP. It was launched on Apr 24, 2020. Both GFGB.L and JHYP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GFGB.L vs. JHYP.L - Performance Comparison
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GFGB.L vs. JHYP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.85% | 2.41% | 7.87% | 4.27% | -2.32% | 3.31% | 14.91% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | -0.52% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
Returns By Period
In the year-to-date period, GFGB.L achieves a 0.85% return, which is significantly higher than JHYP.L's -0.52% return.
GFGB.L
- 1D
- -0.16%
- 1M
- -1.45%
- YTD
- 0.85%
- 6M
- 1.64%
- 1Y
- 3.78%
- 3Y*
- 4.76%
- 5Y*
- 3.69%
- 10Y*
- —
JHYP.L
- 1D
- 0.74%
- 1M
- -0.98%
- YTD
- -0.52%
- 6M
- 1.83%
- 1Y
- 7.68%
- 3Y*
- 7.77%
- 5Y*
- 3.47%
- 10Y*
- —
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GFGB.L vs. JHYP.L - Expense Ratio Comparison
GFGB.L has a 0.40% expense ratio, which is higher than JHYP.L's 0.35% expense ratio.
Return for Risk
GFGB.L vs. JHYP.L — Risk / Return Rank
GFGB.L
JHYP.L
GFGB.L vs. JHYP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L). 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.
| GFGB.L | JHYP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.55 | -0.98 |
Sortino ratioReturn per unit of downside risk | 0.82 | 2.19 | -1.37 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.48 | -1.28 |
Martin ratioReturn relative to average drawdown | 2.89 | 11.13 | -8.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GFGB.L | JHYP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.55 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.62 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.95 | -0.30 |
Correlation
The correlation between GFGB.L and JHYP.L is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GFGB.L vs. JHYP.L - Dividend Comparison
GFGB.L has not paid dividends to shareholders, while JHYP.L's dividend yield for the trailing twelve months is around 6.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 6.13% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% |
Drawdowns
GFGB.L vs. JHYP.L - Drawdown Comparison
The maximum GFGB.L drawdown since its inception was -15.95%, roughly equal to the maximum JHYP.L drawdown of -15.44%. Use the drawdown chart below to compare losses from any high point for GFGB.L and JHYP.L.
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Drawdown Indicators
| GFGB.L | JHYP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -15.44% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -3.87% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -10.36% | -15.44% | +5.08% |
Current DrawdownCurrent decline from peak | -1.45% | -1.55% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -3.30% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.67% | +0.71% |
Volatility
GFGB.L vs. JHYP.L - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) has a higher volatility of 2.07% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) at 1.69%. This indicates that GFGB.L's price experiences larger fluctuations and is considered to be riskier than JHYP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFGB.L | JHYP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.69% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 2.86% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.94% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 5.59% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 5.72% | +3.04% |