HYLD.L vs. JHYU.L
HYLD.L (iShares Global High Yield Corp Bond UCITS ETF) and JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) are both High Yield Bonds funds - HYLD.L tracks the iShares Global High Yield Corp Bond UCITS ETF while JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, HYLD.L returned 3.12%/yr vs 4.23%/yr for JHYU.L. A 0.70 correlation means they provide meaningful diversification when combined. HYLD.L charges 0.50%/yr vs 0.35%/yr for JHYU.L.
Performance
HYLD.L vs. JHYU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYLD.L achieves a 0.82% return, which is significantly lower than JHYU.L's 3.06% return.
HYLD.L
- 1D
- 0.32%
- 1M
- -0.25%
- 6M
- 0.92%
- YTD
- 0.82%
- 1Y
- 4.53%
- 3Y*
- 7.76%
- 5Y*
- 3.12%
- 10Y*
- 4.32%
JHYU.L
- 1D
- 0.36%
- 1M
- 0.38%
- 6M
- 2.67%
- YTD
- 3.06%
- 1Y
- 8.27%
- 3Y*
- 9.49%
- 5Y*
- 4.23%
- 10Y*
- —
HYLD.L vs. JHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF | 0.82% | 14.42% | 2.61% | 13.55% | -11.99% | -0.90% | 19.35% |
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 3.06% | 9.40% | 7.94% | 10.74% | -8.74% | 3.38% | 15.54% |
Correlation
The correlation between HYLD.L and JHYU.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 13, 2020 | 0.70 |
Over the past year, the correlation between HYLD.L and JHYU.L has dropped to 0.49 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYLD.L vs. JHYU.L — Risk / Return Rank
HYLD.L
JHYU.L
HYLD.L vs. JHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLD.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.
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.
| HYLD.L | JHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 3.22 | -2.23 |
| Martin ratioReturn relative to average drawdown | 3.26 | 13.81 | -10.55 |
Loading charts...
Drawdowns
HYLD.L vs. JHYU.L - Drawdown Comparison
The maximum HYLD.L drawdown since its inception was -23.53%, which is greater than JHYU.L's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for HYLD.L and JHYU.L.
Loading charts...
Drawdown Indicators
| HYLD.L | JHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.53% | -14.48% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -2.56% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | -4.70% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -22.52% | -14.48% | -8.04% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.02% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -2.58% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.60% | +0.67% |
Volatility
HYLD.L vs. JHYU.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLD.L) has a higher volatility of 1.35% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) at 0.57%. This indicates that HYLD.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.
Loading charts...
Volatility by Period
| HYLD.L | JHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.57% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 2.65% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 3.59% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 5.73% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 5.72% | +2.85% |
HYLD.L vs. JHYU.L - Expense Ratio Comparison
HYLD.L has a 0.50% expense ratio, which is higher than JHYU.L's 0.35% expense ratio.
Dividends
HYLD.L vs. JHYU.L - Dividend Comparison
HYLD.L's dividend yield for the trailing twelve months is around 7.08%, while JHYU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD.L iShares Global High Yield Corp Bond UCITS ETF | 7.08% | 5.32% | 5.61% | 4.70% | 4.01% | 3.95% | 4.42% | 4.77% | 4.98% | 4.73% | 5.08% | 5.31% |
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLD.L and JHYU.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYU.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYU.L is cheaper with a 0.35% expense ratio, compared with 0.50% for HYLD.L.
HYLD.L tracks iShares Global High Yield Corp Bond UCITS ETF, while JHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for HYLD.L and 0.35% for JHYU.L.
Find the right allocation for HYLD.L and JHYU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer