JEBP.L vs. HYGB.L
JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - JEBP.L is a Corporate Bonds fund actively managed by JPMorgan, while HYGB.L is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. JEBP.L is actively managed, while HYGB.L is passively managed. Over the past 3 years, JEBP.L returned 6.06%/yr vs 8.68%/yr for HYGB.L. At a correlation of -0.06, they often move in opposite directions. JEBP.L charges 0.04%/yr vs 0.40%/yr for HYGB.L.
Performance
JEBP.L vs. HYGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEBP.L achieves a 1.36% return, which is significantly lower than HYGB.L's 3.73% return.
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
HYGB.L
- 1D
- 0.36%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 3.73%
- 1Y
- 7.76%
- 3Y*
- 8.68%
- 5Y*
- 3.29%
- 10Y*
- —
JEBP.L vs. HYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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% |
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.73% | 1.56% | 13.72% | 1.66% | -2.52% | 0.62% |
Correlation
The correlation between JEBP.L and HYGB.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.06 |
The correlation between JEBP.L and HYGB.L shifts across timeframes, from -0.17 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JEBP.L vs. HYGB.L — Risk / Return Rank
JEBP.L
HYGB.L
JEBP.L vs. HYGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) and VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.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.
| JEBP.L | HYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.33 | -1.10 |
| Martin ratioReturn relative to average drawdown | 4.79 | 5.93 | -1.14 |
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Drawdowns
JEBP.L vs. HYGB.L - Drawdown Comparison
The maximum JEBP.L drawdown since its inception was -15.49%, smaller than the maximum HYGB.L drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for JEBP.L and HYGB.L.
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Drawdown Indicators
| JEBP.L | HYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -26.72% | +11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.31% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -8.96% | +6.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.02% | — |
Current DrawdownCurrent decline from peak | -0.81% | -1.93% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -14.28% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.30% | -0.61% |
Volatility
JEBP.L vs. HYGB.L - Volatility Comparison
The current volatility for JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) is 0.76%, while VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) has a volatility of 1.48%. This indicates that JEBP.L experiences smaller price fluctuations and is considered to be less risky than HYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEBP.L | HYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.48% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.96% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 6.52% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 18.18% | -13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 17.40% | -12.86% |
JEBP.L vs. HYGB.L - Expense Ratio Comparison
JEBP.L has a 0.04% expense ratio, which is lower than HYGB.L's 0.40% expense ratio.
Dividends
JEBP.L vs. HYGB.L - Dividend Comparison
Neither JEBP.L nor HYGB.L has paid dividends to shareholders.
Frequently Asked Questions
JEBP.L and HYGB.L have a correlation of -0.17, 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 0.40% for HYGB.L.
JEBP.L is categorized as Corporate Bonds, while HYGB.L is Emerging Markets Bonds. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.04% for JEBP.L and 0.40% for HYGB.L.
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