IGHY.L vs. JGYH.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both High Yield Bonds funds tracking the ICE BofA Gbl HY Constnd TR USD, from iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, IGHY.L returned -0.88%/yr vs 4.89%/yr for JGYH.L. Their correlation of 0.83 suggests significant overlap in exposure. IGHY.L charges 0.50%/yr vs 0.35%/yr for JGYH.L.
Performance
IGHY.L vs. JGYH.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGHY.L achieves a -2.13% return, which is significantly lower than JGYH.L's 1.97% return.
IGHY.L
- 1D
- 0.16%
- 1M
- 1.11%
- YTD
- -2.13%
- 6M
- -1.93%
- 1Y
- 1.29%
- 3Y*
- 0.50%
- 5Y*
- -0.88%
- 10Y*
- 0.37%
JGYH.L
- 1D
- 0.17%
- 1M
- 1.39%
- YTD
- 1.97%
- 6M
- 2.21%
- 1Y
- 9.59%
- 3Y*
- 6.40%
- 5Y*
- 4.89%
- 10Y*
- —
IGHY.L vs. JGYH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.13% | 1.20% | -1.38% | 1.98% | -5.02% | -3.21% | -2.03% |
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 1.97% | 4.09% | 7.92% | 5.18% | 0.63% | 3.10% | -0.09% |
Correlation
The correlation between IGHY.L and JGYH.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.83 |
The correlation between IGHY.L and JGYH.L has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
IGHY.L vs. JGYH.L — Risk / Return Rank
IGHY.L
JGYH.L
IGHY.L vs. JGYH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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.
| IGHY.L | JGYH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.36 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 3.97 | -3.72 |
| Martin ratioReturn relative to average drawdown | 0.64 | 11.86 | -11.22 |
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
| IGHY.L | JGYH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.93 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.71 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.42 | -0.61 |
Drawdowns
IGHY.L vs. JGYH.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than JGYH.L's maximum drawdown of -12.24%. Use the drawdown chart below to compare losses from any high point for IGHY.L and JGYH.L.
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Drawdown Indicators
| IGHY.L | JGYH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -12.24% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.41% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -7.56% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -7.75% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | — | — |
Current DrawdownCurrent decline from peak | -29.35% | 0.00% | -29.35% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -2.52% | -25.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.81% | +1.19% |
Volatility
IGHY.L vs. JGYH.L - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) has a higher volatility of 1.33% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) at 1.22%. This indicates that IGHY.L's price experiences larger fluctuations and is considered to be riskier than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHY.L | JGYH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.22% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 3.56% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 4.94% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 6.92% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 8.60% | +0.52% |
IGHY.L vs. JGYH.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than JGYH.L's 0.35% expense ratio.
Dividends
IGHY.L vs. JGYH.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, while JGYH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (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
IGHY.L and JGYH.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGYH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGYH.L is cheaper with a 0.35% expense ratio, compared with 0.50% for IGHY.L.
Both ETFs track ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for IGHY.L and 0.35% for JGYH.L.
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