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

IHYG.L vs. JEPQ

Last updated Jun 9, 2026

IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and JEPQ (JPMorgan Nasdaq 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 JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, IHYG.L returned 6.08%/yr vs 17.27%/yr for JEPQ. At a 0.29 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.35%/yr for JEPQ.

Performance

IHYG.L vs. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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 JEPQ is traded in USD. To make them comparable, the JEPQ 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 JEPQ's 9.42% 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%

JEPQ

1D
1.12%
1M
3.17%
YTD
9.42%
6M
8.22%
1Y
24.32%
3Y*
17.27%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHYG.L vs. JEPQ - Yearly Performance Comparison

2026 (YTD)2025202420232022
IHYG.L
iShares € High Yield Corp Bond UCITS ETF EUR (Dist)		0.54%5.32%5.71%11.34%-1.18%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		9.42%1.51%33.09%32.20%-13.53%

Correlation

The correlation between IHYG.L and JEPQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.25

Correlation (All Time)
Calculated using the full available price history since May 5, 2022

0.29

IHYG.L vs. JEPQ - Sectors Allocation Comparison

Sectors
IHYG.L
JEPQ

Financial Services

100.0%
0.4%

Basic Materials

-

1.0%

Communication Services

-

15.4%

Consumer Cyclical

-

12.8%

Consumer Defensive

-

7.1%

Energy

-

0.4%

Healthcare

-

4.4%

Industrials

-

3.1%

Real Estate

-

0.2%

Technology

-

54.0%

Utilities

-

1.3%

Financial Services

IHYG.L
100.0%
JEPQ
0.4%

Basic Materials

IHYG.L

-

JEPQ
1.0%

Communication Services

IHYG.L

-

JEPQ
15.4%

Consumer Cyclical

IHYG.L

-

JEPQ
12.8%

Consumer Defensive

IHYG.L

-

JEPQ
7.1%

Energy

IHYG.L

-

JEPQ
0.4%

Healthcare

IHYG.L

-

JEPQ
4.4%

Industrials

IHYG.L

-

JEPQ
3.1%

Real Estate

IHYG.L

-

JEPQ
0.2%

Technology

IHYG.L

-

JEPQ
54.0%

Utilities

IHYG.L

-

JEPQ
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

JPMorgan Nasdaq 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 JEPQ:
JEPQ vs. JEPIJEPQ vs. QQQIJEPQ vs. QQQJEPQ vs. SCHDJEPQ vs. QYLDJEPQ vs. GPIQJEPQ vs. SPYI

Return for Risk

IHYG.L vs. JEPQ — 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
JEPQ
JEPQ Risk / Return Rank: 7373
Overall Rank
JEPQ Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
JEPQ Sortino Ratio Rank: 6868
Sortino Ratio Rank
JEPQ Omega Ratio Rank: 7979
Omega Ratio Rank
JEPQ Calmar Ratio Rank: 6565
Calmar Ratio Rank
JEPQ Martin Ratio Rank: 8080
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. JEPQ - 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 Nasdaq Equity Premium Income ETF (JEPQ). 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.LJEPQDifference
Sharpe ratioReturn per unit of total volatility
0.84
1.93

-1.09

Sortino ratioReturn per unit of downside risk
1.36
2.49

-1.13

Omega ratioGain probability vs. loss probability

1.16

1.37

-0.20

Calmar ratioReturn relative to maximum drawdown

1.08

3.95

-2.87

Martin ratioReturn relative to average drawdown

4.47

15.50

-11.02

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. JEPQ - Sharpe Ratio Comparison

The current IHYG.L Sharpe Ratio is 0.84, which is lower than the JEPQ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IHYG.L and JEPQ, 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.LJEPQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

1.93

-1.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

—

—

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

0.81

-0.17

Drawdowns

IHYG.L vs. JEPQ - Drawdown Comparison

The maximum IHYG.L drawdown since its inception was -25.61%, roughly equal to the maximum JEPQ drawdown of -24.78%. Use the drawdown chart below to compare losses from any high point for IHYG.L and JEPQ.

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Drawdown Indicators

IHYG.LJEPQDifference

Max Drawdown

Largest peak-to-trough decline

-25.61%

-24.78%

-0.83%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-6.18%

+3.42%

Max Drawdown (3Y)

Largest decline over 3 years

-3.89%

-24.78%

+20.89%

Max Drawdown (5Y)

Largest decline over 5 years

-14.59%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.61%

—

—

Current Drawdown

Current decline from peak

-0.32%

-1.38%

+1.06%

Average Drawdown

Average peak-to-trough decline

-2.04%

-5.17%

+3.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

1.57%

-0.90%

Volatility

IHYG.L vs. JEPQ - Volatility Comparison

The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 2.89%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHYG.LJEPQDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.94%

2.89%

-1.95%

Volatility (6M)

Calculated over the trailing 6-month period

3.07%

9.18%

-6.11%

Volatility (1Y)

Calculated over the trailing 1-year period

3.56%

12.66%

-9.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.44%

16.95%

-11.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.79%

16.95%

-10.16%

IHYG.L vs. JEPQ - Expense Ratio Comparison

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

Dividends

IHYG.L vs. JEPQ - Dividend Comparison

IHYG.L's dividend yield for the trailing twelve months is around 5.18%, less than JEPQ's 10.26% 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%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		10.26%10.53%9.65%10.03%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IHYG.L and JEPQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

JEPQ 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 JEPQ is Nasdaq-100. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for IHYG.L and 0.35% for JEPQ.

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