IS3K.DE vs. JGHY.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. IS3K.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, IS3K.DE returned 5.27%/yr vs 4.39%/yr for JGHY.DE. Their correlation of 0.86 suggests significant overlap in exposure. IS3K.DE charges 0.45%/yr vs 0.35%/yr for JGHY.DE.
Performance
IS3K.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IS3K.DE having a 4.98% return and JGHY.DE slightly lower at 4.92%.
IS3K.DE
- 1D
- 0.20%
- 1M
- 1.54%
- 6M
- 3.17%
- YTD
- 4.98%
- 1Y
- 7.70%
- 3Y*
- 6.67%
- 5Y*
- 5.27%
- 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*
- —
IS3K.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 4.98% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -6.60% |
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 IS3K.DE and JGHY.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.86 |
The correlation between IS3K.DE and JGHY.DE has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
IS3K.DE vs. JGHY.DE — Risk / Return Rank
IS3K.DE
JGHY.DE
IS3K.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| IS3K.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 4.15 | -1.67 |
| Martin ratioReturn relative to average drawdown | 8.03 | 13.75 | -5.72 |
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Drawdowns
IS3K.DE vs. JGHY.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -27.02%, which is greater than JGHY.DE's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and JGHY.DE.
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Drawdown Indicators
| IS3K.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.02% | -24.72% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.32% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -10.49% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -10.49% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -0.52% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -6.58% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.70% | +0.26% |
Volatility
IS3K.DE vs. JGHY.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a higher volatility of 1.47% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that IS3K.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
| IS3K.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.21% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 3.04% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 4.63% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 6.57% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 8.78% | -0.96% |
IS3K.DE vs. JGHY.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than JGHY.DE's 0.35% expense ratio.
Dividends
IS3K.DE vs. JGHY.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 6.63%, while JGHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.63% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
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
IS3K.DE and JGHY.DE have a correlation of 0.79, 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 0.45% for IS3K.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for IS3K.DE and 0.35% for JGHY.DE.
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