HYUS.L vs. JHYU.L
HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) are both High Yield Bonds funds - HYUS.L tracks the Bloomberg US Corporate High Yield TR USD while JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 3 years, HYUS.L returned 8.87%/yr vs 9.05%/yr for JHYU.L. A 0.76 correlation means they provide meaningful diversification when combined. HYUS.L charges 0.20%/yr vs 0.35%/yr for JHYU.L.
Performance
HYUS.L vs. JHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYUS.L achieves a 1.22% return, which is significantly lower than JHYU.L's 2.22% return.
HYUS.L
- 1D
- -0.00%
- 1M
- 0.51%
- YTD
- 1.22%
- 6M
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
JHYU.L
- 1D
- 0.12%
- 1M
- 0.62%
- YTD
- 2.22%
- 6M
- 2.99%
- 1Y
- 8.67%
- 3Y*
- 9.05%
- 5Y*
- —
- 10Y*
- —
HYUS.L vs. JHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.22% | 8.62% | 8.28% | 12.85% | 1.30% |
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 HYUS.L and JHYU.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.76 |
The correlation between HYUS.L and JHYU.L shifts across timeframes, from 0.63 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYUS.L vs. JHYU.L — Risk / Return Rank
HYUS.L
JHYU.L
HYUS.L vs. JHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.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.
| HYUS.L | JHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.37 | -0.36 |
| Martin ratioReturn relative to average drawdown | 12.39 | 14.46 | -2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYUS.L | JHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.36 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.60 | -0.73 |
Drawdowns
HYUS.L vs. JHYU.L - Drawdown Comparison
The maximum HYUS.L drawdown since its inception was -10.49%, 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 HYUS.L and JHYU.L.
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Drawdown Indicators
| HYUS.L | JHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.49% | -7.58% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -2.56% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -4.70% | -0.36% |
Current DrawdownCurrent decline from peak | -0.13% | -0.20% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -0.92% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.60% | -0.04% |
Volatility
HYUS.L vs. JHYU.L - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a higher volatility of 1.39% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) at 1.01%. This indicates that HYUS.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.
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Volatility by Period
| HYUS.L | JHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.01% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.75% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.66% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 5.50% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 5.50% | +1.19% |
HYUS.L vs. JHYU.L - Expense Ratio Comparison
HYUS.L has a 0.20% expense ratio, which is lower than JHYU.L's 0.35% expense ratio.
Dividends
HYUS.L vs. JHYU.L - Dividend Comparison
HYUS.L's dividend yield for the trailing twelve months is around 9.21%, while JHYU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.21% | 7.38% | 7.54% | 6.30% | 1.52% |
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% |
Frequently Asked Questions
HYUS.L and JHYU.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.35% for JHYU.L.
HYUS.L tracks Bloomberg US Corporate High Yield TR USD, while JHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for HYUS.L and 0.35% for JHYU.L.
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