JGHY.DE vs. ERNA.L
Compare and contrast key facts about JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGHY.DE) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L).
JGHY.DE and ERNA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JGHY.DE is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan Global High Yield Corporate Bond Multi-Factor. It was launched on Feb 4, 2020. ERNA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Jun 29, 2018. Both JGHY.DE and ERNA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JGHY.DE or ERNA.L.
Key characteristics
| JGHY.DE | ERNA.L | |
|---|---|---|
| YTD Return | 11.18% | 4.87% |
| 1Y Return | 14.33% | 5.86% |
| 3Y Return (Ann) | 4.85% | 3.90% |
| Sharpe Ratio | 2.99 | 7.46 |
| Sortino Ratio | 4.75 | 15.40 |
| Omega Ratio | 1.65 | 3.33 |
| Calmar Ratio | 5.72 | 56.37 |
| Martin Ratio | 27.50 | 191.35 |
| Ulcer Index | 0.54% | 0.03% |
| Daily Std Dev | 4.95% | 0.78% |
| Max Drawdown | -19.24% | -8.63% |
| Current Drawdown | -0.08% | -0.10% |
Correlation
The correlation between JGHY.DE and ERNA.L is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JGHY.DE vs. ERNA.L - Performance Comparison
In the year-to-date period, JGHY.DE achieves a 11.18% return, which is significantly higher than ERNA.L's 4.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JGHY.DE vs. ERNA.L - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is higher than ERNA.L's 0.09% expense ratio.
Risk-Adjusted Performance
JGHY.DE vs. ERNA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGHY.DE) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.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.
Dividends
JGHY.DE vs. ERNA.L - Dividend Comparison
Neither JGHY.DE nor ERNA.L has paid dividends to shareholders.
Drawdowns
JGHY.DE vs. ERNA.L - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -19.24%, which is greater than ERNA.L's maximum drawdown of -8.63%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and ERNA.L. For additional features, visit the drawdowns tool.
Volatility
JGHY.DE vs. ERNA.L - Volatility Comparison
JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGHY.DE) has a higher volatility of 1.41% compared to iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) at 0.33%. This indicates that JGHY.DE's price experiences larger fluctuations and is considered to be riskier than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.