HYSD.L vs. JGHY.L
HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) and JGHY.L (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc)) are both High Yield Bonds funds. HYSD.L is passively managed, while JGHY.L is actively managed. Over the past 3 years, HYSD.L returned 7.99%/yr vs 7.33%/yr for JGHY.L. At a 0.21 correlation, their price movements are largely independent. HYSD.L charges 0.22%/yr vs 0.35%/yr for JGHY.L.
Performance
HYSD.L vs. JGHY.L - Performance Comparison
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Different Trading Currencies
HYSD.L is traded in GBP, while JGHY.L is traded in USD. To make them comparable, the JGHY.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYSD.L achieves a 1.97% return, which is significantly lower than JGHY.L's 2.24% return.
HYSD.L
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 1.29%
- YTD
- 1.97%
- 1Y
- 5.49%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
JGHY.L
- 1D
- 0.17%
- 1M
- -1.27%
- 6M
- 1.50%
- YTD
- 2.24%
- 1Y
- 7.00%
- 3Y*
- 7.33%
- 5Y*
- 4.22%
- 10Y*
- —
HYSD.L vs. JGHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.97% | 8.24% | 7.60% | 11.75% | -3.60% |
JGHY.L JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) | 2.24% | 3.66% | 7.95% | 5.84% | 0.42% |
Correlation
The correlation between HYSD.L and JGHY.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.21 |
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Return for Risk
HYSD.L vs. JGHY.L — Risk / Return Rank
HYSD.L
JGHY.L
HYSD.L vs. JGHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) (JGHY.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.
| HYSD.L | JGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.43 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.94 | 7.75 | +2.18 |
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Drawdowns
HYSD.L vs. JGHY.L - Drawdown Comparison
The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum JGHY.L drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for HYSD.L and JGHY.L.
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Drawdown Indicators
| HYSD.L | JGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.53% | -12.14% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -2.87% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -7.63% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.57% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.77% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -2.62% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.90% | -0.35% |
Volatility
HYSD.L vs. JGHY.L - Volatility Comparison
The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) is 0.91%, while JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) (JGHY.L) has a volatility of 1.79%. This indicates that HYSD.L experiences smaller price fluctuations and is considered to be less risky than JGHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSD.L | JGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.79% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 4.96% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 6.19% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 7.85% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.08% | 9.27% | -3.19% |
HYSD.L vs. JGHY.L - Expense Ratio Comparison
HYSD.L has a 0.22% expense ratio, which is lower than JGHY.L's 0.35% expense ratio.
Dividends
HYSD.L vs. JGHY.L - Dividend Comparison
HYSD.L's dividend yield for the trailing twelve months is around 7.39%, while JGHY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 7.39% | 7.39% | 7.39% | 5.61% |
JGHY.L JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYSD.L and JGHY.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.35% for JGHY.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.22% for HYSD.L and 0.35% for JGHY.L.
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