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IHYG.L vs. JEPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHYG.L vs. JEPI

Last updated Jun 9, 2026

IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while JEPI is a Dividend fund actively managed by JPMorgan. IHYG.L is passively managed, while JEPI is actively managed. Over the past 5 years, IHYG.L returned 2.59%/yr vs 8.46%/yr for JEPI. At a 0.17 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.35%/yr for JEPI.

Performance

IHYG.L vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IHYG.L is traded in EUR, while JEPI is traded in USD. To make them comparable, the JEPI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IHYG.L achieves a 0.54% return, which is significantly lower than JEPI's 1.89% return.

IHYG.L

1D
-0.07%
1M
0.31%
YTD
0.54%
6M
1.38%
1Y
2.99%
3Y*
6.08%
5Y*
2.59%
10Y*
3.09%

JEPI

1D
-0.42%
1M
1.77%
YTD
1.89%
6M
1.81%
1Y
5.72%
3Y*
6.28%
5Y*
8.46%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHYG.L vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		0.54%5.32%5.71%11.34%-9.47%3.04%12.38%
JEPI
JPMorgan Equity Premium Income ETF		1.89%-4.74%20.00%6.53%2.49%30.61%6.07%

Correlation

The correlation between IHYG.L and JEPI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.17

IHYG.L vs. JEPI - Sectors Allocation Comparison

Sectors
IHYG.L
JEPI

Financial Services

100.0%
9.8%

Basic Materials

-

1.9%

Communication Services

-

6.9%

Consumer Cyclical

-

11.7%

Consumer Defensive

-

9.6%

Energy

-

3.5%

Healthcare

-

14.1%

Industrials

-

13.8%

Real Estate

-

3.5%

Technology

-

19.1%

Utilities

-

6.2%

Financial Services

IHYG.L
100.0%
JEPI
9.8%

Basic Materials

IHYG.L

-

JEPI
1.9%

Communication Services

IHYG.L

-

JEPI
6.9%

Consumer Cyclical

IHYG.L

-

JEPI
11.7%

Consumer Defensive

IHYG.L

-

JEPI
9.6%

Energy

IHYG.L

-

JEPI
3.5%

Healthcare

IHYG.L

-

JEPI
14.1%

Industrials

IHYG.L

-

JEPI
13.8%

Real Estate

IHYG.L

-

JEPI
3.5%

Technology

IHYG.L

-

JEPI
19.1%

Utilities

IHYG.L

-

JEPI
6.2%

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iShares € High Yield Corp Bond UCITS ETF EUR (Dist)

JPMorgan Equity Premium Income ETF

Often compared with IHYG.L:
IHYG.L vs. IEAC.ASIHYG.L vs. XHYA.DEIHYG.L vs. XAT1.DEIHYG.L vs. GLDIHYG.L vs. SDHA.LIHYG.L vs. YIEL.LIHYG.L vs. XHYG.L
Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOO

Return for Risk

IHYG.L vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHYG.L
IHYG.L Risk / Return Rank: 2828
Overall Rank
IHYG.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IHYG.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
IHYG.L Omega Ratio Rank: 2626
Omega Ratio Rank
IHYG.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
IHYG.L Martin Ratio Rank: 3333
Martin Ratio Rank
JEPI
JEPI Risk / Return Rank: 2626
Overall Rank
JEPI Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 2727
Sortino Ratio Rank
JEPI Omega Ratio Rank: 2727
Omega Ratio Rank
JEPI Calmar Ratio Rank: 2424
Calmar Ratio Rank
JEPI Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHYG.L vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and JPMorgan Equity Premium Income ETF (JEPI). 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.

IHYG.LJEPIDifference
Sharpe ratioReturn per unit of total volatility
0.84
0.65

+0.19

Sortino ratioReturn per unit of downside risk
1.36
0.92

+0.45

Omega ratioGain probability vs. loss probability

1.16

1.12

+0.04

Calmar ratioReturn relative to maximum drawdown

1.08

1.09

-0.01

Martin ratioReturn relative to average drawdown

4.47

2.85

+1.63

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHYG.L vs. JEPI - Sharpe Ratio Comparison

The current IHYG.L Sharpe Ratio is 0.84, which is comparable to the JEPI Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of IHYG.L and JEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IHYG.LJEPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.65

+0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.70

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.84

-0.20

Drawdowns

IHYG.L vs. JEPI - Drawdown Comparison

The maximum IHYG.L drawdown since its inception was -25.61%, which is greater than JEPI's maximum drawdown of -19.13%. Use the drawdown chart below to compare losses from any high point for IHYG.L and JEPI.

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Drawdown Indicators

IHYG.LJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-19.13%

-6.48%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-5.26%

+2.50%

Max Drawdown (3Y)

Largest decline over 3 years

-3.89%

-19.13%

+15.24%

Max Drawdown (5Y)

Largest decline over 5 years

-14.59%

-19.13%

+4.54%

Max Drawdown (10Y)

Largest decline over 10 years

-25.61%

—

—

Current Drawdown

Current decline from peak

-0.32%

-6.45%

+6.13%

Average Drawdown

Average peak-to-trough decline

-2.04%

-3.69%

+1.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

2.01%

-1.34%

Volatility

IHYG.L vs. JEPI - Volatility Comparison

The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.04%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHYG.LJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.94%

2.04%

-1.10%

Volatility (6M)

Calculated over the trailing 6-month period

3.07%

6.49%

-3.42%

Volatility (1Y)

Calculated over the trailing 1-year period

3.56%

8.92%

-5.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.44%

12.14%

-6.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.79%

11.83%

-5.04%

IHYG.L vs. JEPI - Expense Ratio Comparison

IHYG.L has a 0.50% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

IHYG.L vs. JEPI - Dividend Comparison

IHYG.L's dividend yield for the trailing twelve months is around 5.18%, less than JEPI's 8.28% yield.

PositionTTM20252024202320222021202020192018201720162015
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		5.18%5.44%6.10%5.41%3.70%3.07%3.67%3.76%3.68%3.77%4.03%4.59%
JEPI
JPMorgan Equity Premium Income ETF		8.28%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IHYG.L and JEPI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JEPI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JEPI is cheaper with a 0.35% expense ratio, compared with 0.50% for IHYG.L.

IHYG.L is categorized as European High Yield Bonds, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for IHYG.L and 0.35% for JEPI.

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