GHYU.L vs. JHYU.L

Last updated Jun 5, 2026

GHYU.L (Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc) and JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) are both High Yield Bonds funds tracking the ICE BofA Gbl HY Constnd TR USD, from Amundi and JPMorgan respectively. Both are passively managed. Over the past 3 years, GHYU.L returned 8.58%/yr vs 9.05%/yr for JHYU.L. A 0.75 correlation means they provide meaningful diversification when combined. GHYU.L charges 0.25%/yr vs 0.35%/yr for JHYU.L.

Performance

GHYU.L vs. JHYU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GHYU.L achieves a 0.65% return, which is significantly lower than JHYU.L's 2.22% return.

GHYU.L

• 1D: 0.12%
• 1M: -0.06%
• YTD: 0.65%
• 6M: 1.35%
• 1Y: 5.88%
• 3Y*: 8.58%
• 5Y*: 2.66%
• 10Y*: —

JHYU.L

• 1D: 0.12%
• 1M: 0.38%
• YTD: 2.22%
• 6M: 3.15%
• 1Y: 8.64%
• 3Y*: 9.05%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GHYU.L vs. JHYU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GHYU.L Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc	0.65%	11.40%	5.06%	12.36%	3.74%
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)	2.22%	9.40%	7.95%	10.73%	3.83%

Correlation

The correlation between GHYU.L and JHYU.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.75

The correlation between GHYU.L and JHYU.L shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GHYU.L vs. JHYU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GHYU.L

GHYU.L Risk / Return Rank: 37
GHYU.L Sharpe Ratio Rank: 37
GHYU.L Sortino Ratio Rank: 39
GHYU.L Omega Ratio Rank: 35
GHYU.L Calmar Ratio Rank: 33
GHYU.L Martin Ratio Rank: 40

JHYU.L

JHYU.L Risk / Return Rank: 76
JHYU.L Sharpe Ratio Rank: 74
JHYU.L Sortino Ratio Rank: 85
JHYU.L Omega Ratio Rank: 75
JHYU.L Calmar Ratio Rank: 69
JHYU.L Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GHYU.L vs. JHYU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.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.

	GHYU.L	JHYU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.36	-1.07
Sortino ratio: Return per unit of downside risk	1.97	3.74	-1.77
Omega ratio: Gain probability vs. loss probability	1.23	1.44	-0.21
Calmar ratio: Return relative to maximum drawdown	1.58	3.37	-1.79
Martin ratio: Return relative to average drawdown	6.21	14.46	-8.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHYU.L vs. JHYU.L - Sharpe Ratio Comparison

The current GHYU.L Sharpe Ratio is 1.29, which is lower than the JHYU.L Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of GHYU.L and JHYU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GHYU.L	JHYU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	2.36	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.60	-1.19

Drawdowns

GHYU.L vs. JHYU.L - Drawdown Comparison

The maximum GHYU.L drawdown since its inception was -22.36%, which is greater than JHYU.L's maximum drawdown of -7.58%. Use the drawdown chart below to compare losses from any high point for GHYU.L and JHYU.L.

Drawdown Indicators

	GHYU.L	JHYU.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-7.58%	-14.78%
Max Drawdown (1Y) Largest decline over 1 year	-3.92%	-2.56%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-4.67%	-4.70%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.36%	—	—
Current Drawdown Current decline from peak	-0.49%	-0.20%	-0.29%
Average Drawdown Average peak-to-trough decline	-5.60%	-0.92%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.60%	+0.40%

Volatility

GHYU.L vs. JHYU.L - Volatility Comparison

Lyxor Global High Yield Sustainable Exposure UCITS ETF - Acc (GHYU.L) has a higher volatility of 1.69% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) at 1.01%. This indicates that GHYU.L's price experiences larger fluctuations and is considered to be riskier than JHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GHYU.L	JHYU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	1.01%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	3.74%	2.75%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	3.66%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.34%	5.50%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	5.50%	+3.44%

GHYU.L vs. JHYU.L - Expense Ratio Comparison

GHYU.L has a 0.25% expense ratio, which is lower than JHYU.L's 0.35% expense ratio.

Dividends

GHYU.L vs. JHYU.L - Dividend Comparison

Neither GHYU.L nor JHYU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GHYU.L and JHYU.L in my portfolio?

GHYU.L and JHYU.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GHYU.L or JHYU.L?

On fees, GHYU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GHYU.L or JHYU.L?

GHYU.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JHYU.L.

What is the main difference between GHYU.L and JHYU.L?

Both ETFs track ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.25% for GHYU.L and 0.35% for JHYU.L.