HYEA.L vs. JHYP.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L).

HYEA.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. HYEA.L is a passively managed fund by iShares that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Oct 19, 2017. 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 HYEA.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

HYEA.L vs. JHYP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L). The values are adjusted to include any dividend payments, if applicable.

HYEA.L vs. JHYP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF	-0.12%	1.53%	9.22%	9.21%	-6.45%	8.26%	5.81%
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)	-0.36%	3.56%	12.89%	12.12%	-14.66%	9.67%	11.60%

Different Trading Currencies

HYEA.L is traded in EUR, while JHYP.L is traded in GBP. To make them comparable, the JHYP.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, HYEA.L achieves a -0.12% return, which is significantly higher than JHYP.L's -0.36% return.

HYEA.L

• 1D: 0.42%
• 1M: -0.61%
• YTD: -0.12%
• 6M: 1.04%
• 1Y: 1.85%
• 3Y*: 5.93%
• 5Y*: 3.37%
• 10Y*: —

JHYP.L

• 1D: 1.06%
• 1M: -0.94%
• YTD: -0.36%
• 6M: 1.66%
• 1Y: 2.70%
• 3Y*: 8.10%
• 5Y*: 2.99%
• 10Y*: —

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

HYEA.L vs. JHYP.L - Expense Ratio Comparison

HYEA.L has a 0.50% expense ratio, which is higher than JHYP.L's 0.35% expense ratio.

HYEA.L

iShares Global High Yield Corporate Bond UCITS ETF

JHYP.L

JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)

Return for Risk

HYEA.L vs. JHYP.L — Risk / Return Rank

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

HYEA.L

HYEA.L Risk / Return Rank: 23
HYEA.L Sharpe Ratio Rank: 21
HYEA.L Sortino Ratio Rank: 18
HYEA.L Omega Ratio Rank: 19
HYEA.L Calmar Ratio Rank: 28
HYEA.L Martin Ratio Rank: 30

JHYP.L

JHYP.L Risk / Return Rank: 81
JHYP.L Sharpe Ratio Rank: 79
JHYP.L Sortino Ratio Rank: 81
JHYP.L Omega Ratio Rank: 76
JHYP.L Calmar Ratio Rank: 81
JHYP.L Martin Ratio Rank: 86

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.

HYEA.L vs. JHYP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.

	HYEA.L	JHYP.L	Difference
Sharpe ratio Return per unit of total volatility	0.36	0.43	-0.07
Sortino ratio Return per unit of downside risk	0.52	0.63	-0.11
Omega ratio Gain probability vs. loss probability	1.08	1.09	-0.01
Calmar ratio Return relative to maximum drawdown	0.79	0.55	+0.24
Martin ratio Return relative to average drawdown	2.93	2.37	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYEA.L vs. JHYP.L - Sharpe Ratio Comparison

The current HYEA.L Sharpe Ratio is 0.36, which is comparable to the JHYP.L Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of HYEA.L and JHYP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYEA.L	JHYP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.43	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.36	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.62	-0.09

Correlation

The correlation between HYEA.L and JHYP.L is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HYEA.L vs. JHYP.L - Dividend Comparison

HYEA.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
HYEA.L iShares Global High Yield Corporate 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

HYEA.L vs. JHYP.L - Drawdown Comparison

The maximum HYEA.L drawdown since its inception was -22.34%, which is greater than JHYP.L's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for HYEA.L and JHYP.L.

Drawdown Indicators

	HYEA.L	JHYP.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-15.44%	-6.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.21%	-3.87%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-9.74%	-15.44%	+5.70%
Current Drawdown Current decline from peak	-1.09%	-1.55%	+0.46%
Average Drawdown Average peak-to-trough decline	-2.65%	-3.30%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.67%	+0.04%

Volatility

HYEA.L vs. JHYP.L - Volatility Comparison

The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 1.36%, while JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) has a volatility of 2.09%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than JHYP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYEA.L	JHYP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	2.09%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	3.97%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	7.42%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.45%	8.38%	-2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.98%	8.66%	-1.68%