JGHY.DE vs. HYLE.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) are both High Yield Bonds funds. JGHY.DE is actively managed, while HYLE.DE is passively managed. Over the past 5 years, JGHY.DE returned 4.39%/yr vs 2.13%/yr for HYLE.DE. At a 0.37 correlation, their price movements are largely independent. JGHY.DE charges 0.35%/yr vs 0.55%/yr for HYLE.DE.
Performance
JGHY.DE vs. HYLE.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 HYLE.DE's 1.07% 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*
- —
HYLE.DE
- 1D
- 0.23%
- 1M
- -0.15%
- 6M
- 0.85%
- YTD
- 1.07%
- 1Y
- 3.62%
- 3Y*
- 6.12%
- 5Y*
- 2.13%
- 10Y*
- —
JGHY.DE vs. HYLE.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% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 1.07% | 5.99% | 5.32% | 9.83% | -10.71% | 3.04% | 3.02% |
Correlation
The correlation between JGHY.DE and HYLE.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.37 |
The correlation between JGHY.DE and HYLE.DE shifts across timeframes, from 0.17 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGHY.DE vs. HYLE.DE — Risk / Return Rank
JGHY.DE
HYLE.DE
JGHY.DE vs. HYLE.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 iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.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 | HYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.24 | +2.91 |
| Martin ratioReturn relative to average drawdown | 13.75 | 5.60 | +8.15 |
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Drawdowns
JGHY.DE vs. HYLE.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, which is greater than HYLE.DE's maximum drawdown of -22.51%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and HYLE.DE.
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Drawdown Indicators
| JGHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -22.51% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -2.91% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -3.96% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -15.44% | +4.95% |
Current DrawdownCurrent decline from peak | -0.52% | -0.23% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -3.47% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.65% | +0.05% |
Volatility
JGHY.DE vs. HYLE.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 iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) at 0.81%. This indicates that JGHY.DE's price experiences larger fluctuations and is considered to be riskier than HYLE.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 | HYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.81% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.08% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 3.81% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 5.97% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 8.25% | +0.53% |
JGHY.DE vs. HYLE.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is lower than HYLE.DE's 0.55% expense ratio.
Dividends
JGHY.DE vs. HYLE.DE - Dividend Comparison
JGHY.DE has not paid dividends to shareholders, while HYLE.DE's dividend yield for the trailing twelve months is around 6.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 6.89% | 5.34% | 5.38% | 4.76% | 4.17% | 3.83% | 4.50% | 1.75% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JGHY.DE and HYLE.DE 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, 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 0.55% for HYLE.DE.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGHY.DE and 0.55% for HYLE.DE.
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