IHHG.L vs. JEBP.L
IHHG.L (iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) and JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) are both Corporate Bonds funds. IHHG.L is passively managed, while JEBP.L is actively managed. Over the past 3 years, IHHG.L returned 7.40%/yr vs 6.06%/yr for JEBP.L. At a 0.48 correlation, their price movements are largely independent. IHHG.L charges 0.55%/yr vs 0.04%/yr for JEBP.L.
Performance
IHHG.L vs. JEBP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IHHG.L achieves a 1.59% return, which is significantly higher than JEBP.L's 1.36% return.
IHHG.L
- 1D
- -0.23%
- 1M
- 0.23%
- 6M
- 1.12%
- YTD
- 1.59%
- 1Y
- 5.78%
- 3Y*
- 7.40%
- 5Y*
- 3.11%
- 10Y*
- —
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
IHHG.L vs. JEBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 9.03% | 6.38% | 9.77% | -10.41% | -0.47% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 1.36% | 5.22% | 5.89% | 9.18% | -12.18% | -0.52% |
Correlation
The correlation between IHHG.L and JEBP.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.48 |
The correlation between IHHG.L and JEBP.L has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
IHHG.L vs. JEBP.L — Risk / Return Rank
IHHG.L
JEBP.L
IHHG.L vs. JEBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) and JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.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.
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.
| IHHG.L | JEBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.24 | +1.03 |
| Martin ratioReturn relative to average drawdown | 10.12 | 4.79 | +5.33 |
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Drawdowns
IHHG.L vs. JEBP.L - Drawdown Comparison
The maximum IHHG.L drawdown since its inception was -23.51%, which is greater than JEBP.L's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for IHHG.L and JEBP.L.
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Drawdown Indicators
| IHHG.L | JEBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -15.49% | -8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -2.68% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -4.38% | -2.68% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -14.78% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.81% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -4.90% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.69% | -0.12% |
Volatility
IHHG.L vs. JEBP.L - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) and JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) have volatilities of 0.79% and 0.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHHG.L | JEBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.76% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.81% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.12% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 4.54% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.01% | 4.54% | +3.47% |
IHHG.L vs. JEBP.L - Expense Ratio Comparison
IHHG.L has a 0.55% expense ratio, which is higher than JEBP.L's 0.04% expense ratio.
Dividends
IHHG.L vs. JEBP.L - Dividend Comparison
IHHG.L's dividend yield for the trailing twelve months is around 6.15%, while JEBP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 6.15% | 6.06% | 6.23% | 5.55% | 5.21% | 4.25% | 4.89% | 5.47% | 3.58% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IHHG.L and JEBP.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEBP.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEBP.L is cheaper with a 0.04% expense ratio, compared with 0.55% for IHHG.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.55% for IHHG.L and 0.04% for JEBP.L.
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