IS0R.DE vs. JGHY.DE
IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. IS0R.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, IS0R.DE returned 4.58%/yr vs 4.39%/yr for JGHY.DE. Their correlation of 0.89 suggests significant overlap in exposure. IS0R.DE charges 0.50%/yr vs 0.35%/yr for JGHY.DE.
Performance
IS0R.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IS0R.DE having a 4.69% return and JGHY.DE slightly higher at 4.92%.
IS0R.DE
- 1D
- 0.23%
- 1M
- 1.58%
- 6M
- 3.42%
- YTD
- 4.69%
- 1Y
- 7.85%
- 3Y*
- 7.32%
- 5Y*
- 4.58%
- 10Y*
- 4.40%
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
IS0R.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.69% | -2.53% | 12.69% | 6.98% | -3.50% | 12.85% | -5.25% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between IS0R.DE and JGHY.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.89 |
The correlation between IS0R.DE and JGHY.DE has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
IS0R.DE vs. JGHY.DE — Risk / Return Rank
IS0R.DE
JGHY.DE
IS0R.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). 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.
| IS0R.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 4.15 | -1.64 |
| Martin ratioReturn relative to average drawdown | 8.35 | 13.75 | -5.40 |
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Drawdowns
IS0R.DE vs. JGHY.DE - Drawdown Comparison
The maximum IS0R.DE drawdown since its inception was -23.27%, smaller than the maximum JGHY.DE drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for IS0R.DE and JGHY.DE.
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Drawdown Indicators
| IS0R.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -24.72% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.32% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -10.49% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -11.43% | -10.49% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -0.52% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -6.58% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.70% | +0.24% |
Volatility
IS0R.DE vs. JGHY.DE - Volatility Comparison
iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) has a higher volatility of 1.44% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that IS0R.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0R.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.21% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.04% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 4.63% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.62% | 6.57% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 8.78% | +0.02% |
IS0R.DE vs. JGHY.DE - Expense Ratio Comparison
IS0R.DE has a 0.50% expense ratio, which is higher than JGHY.DE's 0.35% expense ratio.
Dividends
IS0R.DE vs. JGHY.DE - Dividend Comparison
IS0R.DE's dividend yield for the trailing twelve months is around 6.09%, while JGHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.09% | 6.34% | 6.26% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.02% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD 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
IS0R.DE and JGHY.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGHY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for IS0R.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for IS0R.DE and 0.35% for JGHY.DE.
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