HYGB.L vs. JPEE.L
HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) and JPEE.L (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - HYGB.L tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while JPEE.L tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, HYGB.L returned 3.29%/yr vs 2.20%/yr for JPEE.L. A 0.60 correlation means they provide meaningful diversification when combined. HYGB.L charges 0.40%/yr vs 0.45%/yr for JPEE.L.
Performance
HYGB.L vs. JPEE.L - Performance Comparison
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Different Trading Currencies
HYGB.L is traded in GBP, while JPEE.L is traded in EUR. To make them comparable, the JPEE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYGB.L achieves a 3.73% return, which is significantly higher than JPEE.L's 1.72% return.
HYGB.L
- 1D
- 0.36%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 3.73%
- 1Y
- 7.76%
- 3Y*
- 8.68%
- 5Y*
- 3.29%
- 10Y*
- —
JPEE.L
- 1D
- 0.00%
- 1M
- -1.27%
- 6M
- 1.12%
- YTD
- 1.72%
- 1Y
- 9.12%
- 3Y*
- 7.43%
- 5Y*
- 2.20%
- 10Y*
- —
HYGB.L vs. JPEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.73% | 1.56% | 13.72% | 1.66% | -2.52% | 0.59% | 1.90% | 10.99% | -23.28% |
JPEE.L iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 1.72% | 6.06% | 7.50% | 4.43% | -8.96% | -0.44% | 1.97% | 11.44% | 7.14% |
Correlation
The correlation between HYGB.L and JPEE.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.60 |
The correlation between HYGB.L and JPEE.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
HYGB.L vs. JPEE.L — Risk / Return Rank
HYGB.L
JPEE.L
HYGB.L vs. JPEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.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.
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.
| HYGB.L | JPEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.27 | +0.06 |
| Martin ratioReturn relative to average drawdown | 5.93 | 6.09 | -0.16 |
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Drawdowns
HYGB.L vs. JPEE.L - Drawdown Comparison
The maximum HYGB.L drawdown since its inception was -26.72%, roughly equal to the maximum JPEE.L drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for HYGB.L and JPEE.L.
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Drawdown Indicators
| HYGB.L | JPEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.72% | -25.54% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -4.03% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.96% | -8.89% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -14.29% | -8.73% |
Current DrawdownCurrent decline from peak | -1.93% | -2.91% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -14.28% | -11.21% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.50% | -0.20% |
Volatility
HYGB.L vs. JPEE.L - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) and iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (JPEE.L) have volatilities of 1.48% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYGB.L | JPEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.51% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.96% | 4.64% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.52% | 6.32% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 8.87% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 11.59% | +5.81% |
HYGB.L vs. JPEE.L - Expense Ratio Comparison
HYGB.L has a 0.40% expense ratio, which is lower than JPEE.L's 0.45% expense ratio.
Dividends
HYGB.L vs. JPEE.L - Dividend Comparison
Neither HYGB.L nor JPEE.L has paid dividends to shareholders.
Frequently Asked Questions
HYGB.L and JPEE.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGB.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGB.L is cheaper with a 0.40% expense ratio, compared with 0.45% for JPEE.L.
HYGB.L tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while JPEE.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for HYGB.L and 0.45% for JPEE.L.
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