JGHY.DE vs. GB1E.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) are both High Yield Bonds funds. JGHY.DE is actively managed, while GB1E.DE is passively managed. Over the past 3 years, JGHY.DE returned 7.91%/yr vs 6.10%/yr for GB1E.DE. At a 0.25 correlation, their price movements are largely independent. JGHY.DE charges 0.35%/yr vs 0.30%/yr for GB1E.DE.
Performance
JGHY.DE vs. GB1E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JGHY.DE achieves a 4.92% return, which is significantly higher than GB1E.DE's 1.20% return.
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
GB1E.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 0.88%
- YTD
- 1.20%
- 1Y
- 3.70%
- 3Y*
- 6.10%
- 5Y*
- —
- 10Y*
- —
JGHY.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 6.38% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 1.20% | 5.84% | 5.89% | 6.74% |
Correlation
The correlation between JGHY.DE and GB1E.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.25 |
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Return for Risk
JGHY.DE vs. GB1E.DE — Risk / Return Rank
JGHY.DE
GB1E.DE
JGHY.DE vs. GB1E.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 Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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 | GB1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.19 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.19 | +2.96 |
| Martin ratioReturn relative to average drawdown | 13.75 | 4.95 | +8.80 |
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Drawdowns
JGHY.DE vs. GB1E.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and GB1E.DE.
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Drawdown Indicators
| JGHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -4.31% | -20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.10% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -4.31% | -6.18% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.13% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -0.55% | -6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.74% | -0.04% |
Volatility
JGHY.DE vs. GB1E.DE - Volatility Comparison
JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) has a higher volatility of 1.21% compared to Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) at 0.84%. This indicates that JGHY.DE's price experiences larger fluctuations and is considered to be riskier than GB1E.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 | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.84% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.48% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 3.95% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 4.25% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 4.25% | +4.53% |
JGHY.DE vs. GB1E.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is higher than GB1E.DE's 0.30% expense ratio.
Dividends
JGHY.DE vs. GB1E.DE - Dividend Comparison
Neither JGHY.DE nor GB1E.DE has paid dividends to shareholders.
Frequently Asked Questions
JGHY.DE and GB1E.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GB1E.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GB1E.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for JGHY.DE.
They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.35% for JGHY.DE and 0.30% for GB1E.DE.
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