JGHY.DE vs. BBLL.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - JGHY.DE is a High Yield Bonds fund actively managed by JPMorgan, while BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index. JGHY.DE is actively managed, while BBLL.DE is passively managed. Over the past 5 years, JGHY.DE returned 4.39%/yr vs 4.11%/yr for BBLL.DE. A 0.56 correlation means they provide meaningful diversification when combined. JGHY.DE charges 0.35%/yr vs 0.07%/yr for BBLL.DE.
Performance
JGHY.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JGHY.DE having a 4.92% return and BBLL.DE slightly lower at 4.73%.
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
BBLL.DE
- 1D
- 0.06%
- 1M
- 1.70%
- 6M
- 3.71%
- YTD
- 4.73%
- 1Y
- 5.38%
- 3Y*
- 4.01%
- 5Y*
- 4.11%
- 10Y*
- —
JGHY.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.73% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -9.45% |
Correlation
The correlation between JGHY.DE and BBLL.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.56 |
The correlation between JGHY.DE and BBLL.DE shifts across timeframes, from 0.56 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JGHY.DE vs. BBLL.DE — Risk / Return Rank
JGHY.DE
BBLL.DE
JGHY.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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.
| JGHY.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.59 | +2.56 |
| Martin ratioReturn relative to average drawdown | 13.75 | 3.76 | +9.99 |
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Drawdowns
JGHY.DE vs. BBLL.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, which is greater than BBLL.DE's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and BBLL.DE.
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Drawdown Indicators
| JGHY.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -17.24% | -7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.38% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -11.65% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -11.65% | +1.16% |
Current DrawdownCurrent decline from peak | -0.52% | -5.34% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -8.29% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.43% | -0.73% |
Volatility
JGHY.DE vs. BBLL.DE - Volatility Comparison
The current volatility for JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) is 1.21%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.57%. This indicates that JGHY.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGHY.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.57% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 4.28% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 6.06% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 7.45% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 8.26% | +0.52% |
JGHY.DE vs. BBLL.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is higher than BBLL.DE's 0.07% expense ratio.
Dividends
JGHY.DE vs. BBLL.DE - Dividend Comparison
Neither JGHY.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
JGHY.DE and BBLL.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.35% for JGHY.DE.
JGHY.DE is categorized as High Yield Bonds, while BBLL.DE is Government Bonds. Their fees differ too: 0.35% for JGHY.DE and 0.07% for BBLL.DE.
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