JGHY.DE vs. IS3K.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds. JGHY.DE is actively managed, while IS3K.DE is passively managed. Over the past 5 years, JGHY.DE returned 4.39%/yr vs 5.27%/yr for IS3K.DE. Their correlation of 0.86 suggests significant overlap in exposure. JGHY.DE charges 0.35%/yr vs 0.45%/yr for IS3K.DE.
Performance
JGHY.DE vs. IS3K.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JGHY.DE having a 4.92% return and IS3K.DE slightly higher at 4.98%.
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
IS3K.DE
- 1D
- 0.20%
- 1M
- 1.54%
- 6M
- 3.17%
- YTD
- 4.98%
- 1Y
- 7.70%
- 3Y*
- 6.67%
- 5Y*
- 5.27%
- 10Y*
- 4.40%
JGHY.DE vs. IS3K.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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 4.98% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -6.60% |
Correlation
The correlation between JGHY.DE and IS3K.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.86 |
The correlation between JGHY.DE and IS3K.DE has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
JGHY.DE vs. IS3K.DE — Risk / Return Rank
JGHY.DE
IS3K.DE
JGHY.DE vs. IS3K.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 USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 2.48 | +1.67 |
| Martin ratioReturn relative to average drawdown | 13.75 | 8.03 | +5.72 |
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Drawdowns
JGHY.DE vs. IS3K.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, smaller than the maximum IS3K.DE drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and IS3K.DE.
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Drawdown Indicators
| JGHY.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -27.02% | +2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.09% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -11.25% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -11.25% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.93% | — |
Current DrawdownCurrent decline from peak | -0.52% | -1.45% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -6.51% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.96% | -0.26% |
Volatility
JGHY.DE vs. IS3K.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 iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a volatility of 1.47%. This indicates that JGHY.DE experiences smaller price fluctuations and is considered to be less risky than IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.47% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.68% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 5.72% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 7.09% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 7.82% | +0.96% |
JGHY.DE vs. IS3K.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Dividends
JGHY.DE vs. IS3K.DE - Dividend Comparison
JGHY.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 6.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.63% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JGHY.DE and IS3K.DE have a correlation of 0.79, 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 0.45% for IS3K.DE.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGHY.DE and 0.45% for IS3K.DE.
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