IBC9.DE vs. JGHY.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. IBC9.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, IBC9.DE returned 3.79%/yr vs 4.39%/yr for JGHY.DE. Their correlation of 0.81 suggests significant overlap in exposure. IBC9.DE charges 0.50%/yr vs 0.35%/yr for JGHY.DE.
Performance
IBC9.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC9.DE achieves a 3.59% return, which is significantly lower than JGHY.DE's 4.92% return.
IBC9.DE
- 1D
- 0.28%
- 1M
- 1.22%
- 6M
- 2.54%
- YTD
- 3.59%
- 1Y
- 5.94%
- 3Y*
- 7.03%
- 5Y*
- 3.79%
- 10Y*
- 4.00%
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
IBC9.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.59% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | -2.59% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between IBC9.DE and JGHY.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.81 |
The correlation between IBC9.DE and JGHY.DE shifts across timeframes, from 0.65 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. JGHY.DE — Risk / Return Rank
IBC9.DE
JGHY.DE
IBC9.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.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.
| IBC9.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 4.15 | -1.48 |
| Martin ratioReturn relative to average drawdown | 8.68 | 13.75 | -5.07 |
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Drawdowns
IBC9.DE vs. JGHY.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -27.22%, which is greater than JGHY.DE's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and JGHY.DE.
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Drawdown Indicators
| IBC9.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -24.72% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.32% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -10.49% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -10.49% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.52% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -6.58% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.70% | -0.02% |
Volatility
IBC9.DE vs. JGHY.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 1.07%, while JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) has a volatility of 1.21%. This indicates that IBC9.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
| IBC9.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.21% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.04% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.63% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 6.57% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 8.78% | -0.94% |
IBC9.DE vs. JGHY.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than JGHY.DE's 0.35% expense ratio.
Dividends
IBC9.DE vs. JGHY.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 6.99%, while JGHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 6.99% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC9.DE and JGHY.DE have a correlation of 0.65, 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 0.50% for IBC9.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for IBC9.DE and 0.35% for JGHY.DE.
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