JGHY.DE vs. JPGL.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - JGHY.DE is a High Yield Bonds fund actively managed by JPMorgan, while JPGL.DE is a Global Equities fund tracking the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. JGHY.DE is actively managed, while JPGL.DE is passively managed. Over the past 5 years, JGHY.DE returned 4.39%/yr vs 10.34%/yr for JPGL.DE. A 0.54 correlation means they provide meaningful diversification when combined. JGHY.DE charges 0.35%/yr vs 0.20%/yr for JPGL.DE.
Performance
JGHY.DE vs. JPGL.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 lower than JPGL.DE's 14.78% 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*
- —
JPGL.DE
- 1D
- -0.33%
- 1M
- 1.39%
- 6M
- 11.55%
- YTD
- 14.78%
- 1Y
- 23.15%
- 3Y*
- 14.72%
- 5Y*
- 10.34%
- 10Y*
- —
JGHY.DE vs. JPGL.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% |
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 14.78% | 5.19% | 16.53% | 9.72% | -4.98% | 33.81% | -3.57% |
Correlation
The correlation between JGHY.DE and JPGL.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.54 |
The correlation between JGHY.DE and JPGL.DE shifts across timeframes, from 0.41 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGHY.DE vs. JPGL.DE — Risk / Return Rank
JGHY.DE
JPGL.DE
JGHY.DE vs. JPGL.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 JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.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 | JPGL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 4.84 | -0.69 |
| Martin ratioReturn relative to average drawdown | 13.75 | 19.17 | -5.42 |
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Drawdowns
JGHY.DE vs. JPGL.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, smaller than the maximum JPGL.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and JPGL.DE.
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Drawdown Indicators
| JGHY.DE | JPGL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -35.54% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -4.76% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -17.34% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -17.34% | +6.85% |
Current DrawdownCurrent decline from peak | -0.52% | -0.51% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -4.73% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.20% | -0.50% |
Volatility
JGHY.DE vs. JPGL.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 JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) has a volatility of 1.68%. This indicates that JGHY.DE experiences smaller price fluctuations and is considered to be less risky than JPGL.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 | JPGL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.68% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 5.98% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 8.47% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 11.83% | -5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 14.89% | -6.11% |
JGHY.DE vs. JPGL.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is higher than JPGL.DE's 0.20% expense ratio.
Dividends
JGHY.DE vs. JPGL.DE - Dividend Comparison
Neither JGHY.DE nor JPGL.DE has paid dividends to shareholders.
Frequently Asked Questions
JGHY.DE and JPGL.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for JGHY.DE.
JGHY.DE is categorized as High Yield Bonds, while JPGL.DE is Global Equities. Their fees differ too: 0.35% for JGHY.DE and 0.20% for JPGL.DE.
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