JGHY.DE vs. XZHY.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) are both High Yield Bonds funds. JGHY.DE is actively managed, while XZHY.DE is passively managed. Over the past 3 years, JGHY.DE returned 7.91%/yr vs 7.16%/yr for XZHY.DE. Their correlation of 0.85 suggests significant overlap in exposure. JGHY.DE charges 0.35%/yr vs 0.25%/yr for XZHY.DE.
Performance
JGHY.DE vs. XZHY.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 XZHY.DE's 4.31% 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*
- —
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
JGHY.DE vs. XZHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -1.79% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.31% | -3.17% | 13.38% | 8.40% | -5.88% |
Correlation
The correlation between JGHY.DE and XZHY.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.85 |
The correlation between JGHY.DE and XZHY.DE has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
JGHY.DE vs. XZHY.DE — Risk / Return Rank
JGHY.DE
XZHY.DE
JGHY.DE vs. XZHY.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 Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 2.32 | +1.83 |
| Martin ratioReturn relative to average drawdown | 13.75 | 7.69 | +6.06 |
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Drawdowns
JGHY.DE vs. XZHY.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, which is greater than XZHY.DE's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and XZHY.DE.
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Drawdown Indicators
| JGHY.DE | XZHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -11.51% | -13.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.11% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -11.51% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -1.91% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -4.42% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.94% | -0.24% |
Volatility
JGHY.DE vs. XZHY.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 Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a volatility of 1.48%. This indicates that JGHY.DE experiences smaller price fluctuations and is considered to be less risky than XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.48% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.82% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 5.92% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 7.53% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 7.53% | +1.25% |
JGHY.DE vs. XZHY.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is higher than XZHY.DE's 0.25% expense ratio.
Dividends
JGHY.DE vs. XZHY.DE - Dividend Comparison
Neither JGHY.DE nor XZHY.DE has paid dividends to shareholders.
Frequently Asked Questions
JGHY.DE and XZHY.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for JGHY.DE.
They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.35% for JGHY.DE and 0.25% for XZHY.DE.
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