IGHY.L vs. JHYP.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) are both High Yield Bonds funds - IGHY.L tracks the ICE BofA Gbl HY Constnd TR USD while JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP. Both are passively managed. Over the past 5 years, IGHY.L returned -0.88%/yr vs 3.69%/yr for JHYP.L. At a 0.31 correlation, their price movements are largely independent. IGHY.L charges 0.50%/yr vs 0.35%/yr for JHYP.L.
Performance
IGHY.L vs. JHYP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGHY.L achieves a -2.13% return, which is significantly lower than JHYP.L's 2.14% 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%
JHYP.L
- 1D
- 0.13%
- 1M
- 0.65%
- YTD
- 2.14%
- 6M
- 2.89%
- 1Y
- 8.43%
- 3Y*
- 8.74%
- 5Y*
- 3.69%
- 10Y*
- —
IGHY.L vs. JHYP.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% | 7.87% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 2.14% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
Correlation
The correlation between IGHY.L and JHYP.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.31 |
The correlation between IGHY.L and JHYP.L shifts across timeframes, from 0.14 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGHY.L vs. JHYP.L — Risk / Return Rank
IGHY.L
JHYP.L
IGHY.L vs. JHYP.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 - GBP Hedged (dist) (JHYP.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 | JHYP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.38 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 3.41 | -3.16 |
| Martin ratioReturn relative to average drawdown | 0.64 | 14.15 | -13.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGHY.L | JHYP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 2.05 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.66 | -0.78 |
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 | 1.01 | -1.20 |
Drawdowns
IGHY.L vs. JHYP.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than JHYP.L's maximum drawdown of -15.44%. Use the drawdown chart below to compare losses from any high point for IGHY.L and JHYP.L.
Loading charts...
Drawdown Indicators
| IGHY.L | JHYP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -15.44% | -23.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.46% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -4.58% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -15.44% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | — | — |
Current DrawdownCurrent decline from peak | -29.35% | -0.03% | -29.32% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -3.22% | -24.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.59% | +1.41% |
Volatility
IGHY.L vs. JHYP.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 - GBP Hedged (dist) (JHYP.L) at 1.06%. This indicates that IGHY.L's price experiences larger fluctuations and is considered to be riskier than JHYP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGHY.L | JHYP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.06% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 2.73% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 4.10% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 5.62% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 5.68% | +3.44% |
IGHY.L vs. JHYP.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than JHYP.L's 0.35% expense ratio.
Dividends
IGHY.L vs. JHYP.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, less than JHYP.L's 5.97% yield.
| 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% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.97% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGHY.L and JHYP.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYP.L is cheaper with a 0.35% expense ratio, compared with 0.50% for IGHY.L.
IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, while JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for IGHY.L and 0.35% for JHYP.L.
Find the right allocation for IGHY.L and JHYP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer