IBC2.DE vs. JGHY.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. IBC2.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, IBC2.DE returned 1.61%/yr vs 4.43%/yr for JGHY.DE. At a 0.35 correlation, their price movements are largely independent. IBC2.DE charges 0.55%/yr vs 0.35%/yr for JGHY.DE.
Performance
IBC2.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC2.DE achieves a 0.72% return, which is significantly lower than JGHY.DE's 5.12% return.
IBC2.DE
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 0.22%
- YTD
- 0.72%
- 1Y
- 3.60%
- 3Y*
- 5.68%
- 5Y*
- 1.61%
- 10Y*
- —
JGHY.DE
- 1D
- 0.11%
- 1M
- 1.43%
- 6M
- 3.65%
- YTD
- 5.12%
- 1Y
- 8.71%
- 3Y*
- 7.84%
- 5Y*
- 4.43%
- 10Y*
- —
IBC2.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.72% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 3.48% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 5.12% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between IBC2.DE and JGHY.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.35 |
The correlation between IBC2.DE and JGHY.DE shifts across timeframes, from 0.17 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC2.DE vs. JGHY.DE — Risk / Return Rank
IBC2.DE
JGHY.DE
IBC2.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). 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.
| IBC2.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.74 | -2.55 |
| Martin ratioReturn relative to average drawdown | 5.26 | 12.46 | -7.20 |
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Drawdowns
IBC2.DE vs. JGHY.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, smaller than the maximum JGHY.DE drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and JGHY.DE.
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Drawdown Indicators
| IBC2.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -24.72% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.32% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -10.49% | +6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -10.49% | -5.22% |
Current DrawdownCurrent decline from peak | -0.26% | -0.32% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -6.58% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.70% | -0.02% |
Volatility
IBC2.DE vs. JGHY.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) is 0.83%, while JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) has a volatility of 1.04%. This indicates that IBC2.DE experiences smaller price fluctuations and is considered to be less risky than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC2.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.04% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 3.00% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 4.54% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 6.56% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 8.78% | -0.58% |
IBC2.DE vs. JGHY.DE - Expense Ratio Comparison
IBC2.DE has a 0.55% expense ratio, which is higher than JGHY.DE's 0.35% expense ratio.
Dividends
IBC2.DE vs. JGHY.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.21%, while JGHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.21% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC2.DE and JGHY.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGHY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for IBC2.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.55% for IBC2.DE and 0.35% for JGHY.DE.
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