JGHY.DE vs. HY3M.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - JGHY.DE is a High Yield Bonds fund actively managed by JPMorgan, while HY3M.DE is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. JGHY.DE is actively managed, while HY3M.DE is passively managed. Over the past 5 years, JGHY.DE returned 4.39%/yr vs 3.37%/yr for HY3M.DE. A 0.58 correlation means they provide meaningful diversification when combined. JGHY.DE charges 0.35%/yr vs 0.40%/yr for HY3M.DE.
Performance
JGHY.DE vs. HY3M.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JGHY.DE achieves a 4.92% return, which is significantly lower than HY3M.DE's 6.33% 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*
- —
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
JGHY.DE vs. HY3M.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% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -5.57% |
Correlation
The correlation between JGHY.DE and HY3M.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
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 | 0.58 |
The correlation between JGHY.DE and HY3M.DE has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JGHY.DE vs. HY3M.DE — Risk / Return Rank
JGHY.DE
HY3M.DE
JGHY.DE vs. HY3M.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 VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.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 | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.41 | +0.74 |
| Martin ratioReturn relative to average drawdown | 13.75 | 10.01 | +3.74 |
Loading charts...
Drawdowns
JGHY.DE vs. HY3M.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, which is greater than HY3M.DE's maximum drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and HY3M.DE.
Loading charts...
Drawdown Indicators
| JGHY.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -21.08% | -3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.08% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -12.09% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -13.58% | +3.09% |
Current DrawdownCurrent decline from peak | -0.52% | -1.17% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -7.04% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.05% | -0.35% |
Volatility
JGHY.DE vs. HY3M.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 VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that JGHY.DE experiences smaller price fluctuations and is considered to be less risky than HY3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JGHY.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.97% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 5.14% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 6.85% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 8.61% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 13.20% | -4.42% |
JGHY.DE vs. HY3M.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
JGHY.DE vs. HY3M.DE - Dividend Comparison
Neither JGHY.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
JGHY.DE and HY3M.DE have a correlation of 0.65, 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 0.40% for HY3M.DE.
JGHY.DE is categorized as High Yield Bonds, while HY3M.DE is Emerging Markets Bonds. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.35% for JGHY.DE and 0.40% for HY3M.DE.
Find the right allocation for JGHY.DE and HY3M.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer