JGHY.L vs. DHYA.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) are both High Yield Bonds funds. JGHY.L is actively managed, while DHYA.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 3.56%/yr for DHYA.L. A 0.70 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.25%/yr for DHYA.L.
Performance
JGHY.L vs. DHYA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGHY.L achieves a 2.09% return, which is significantly higher than DHYA.L's 1.68% return.
JGHY.L
- 1D
- -0.08%
- 1M
- -0.13%
- 6M
- 1.98%
- YTD
- 2.09%
- 1Y
- 7.41%
- 3Y*
- 8.58%
- 5Y*
- 3.74%
- 10Y*
- —
DHYA.L
- 1D
- 0.00%
- 1M
- -0.30%
- 6M
- 1.37%
- YTD
- 1.68%
- 1Y
- 5.89%
- 3Y*
- 8.20%
- 5Y*
- 3.56%
- 10Y*
- —
JGHY.L vs. DHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JGHY.L JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 2.09% | 11.61% | 6.10% | 11.41% | -10.11% | 1.82% | 16.99% |
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.68% | 8.46% | 8.26% | 12.33% | -12.01% | 3.82% | 14.71% |
Correlation
The correlation between JGHY.L and DHYA.L 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 | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 4, 2020 | 0.70 |
The correlation between JGHY.L and DHYA.L has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. DHYA.L — Risk / Return Rank
JGHY.L
DHYA.L
JGHY.L vs. DHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L). 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.L | DHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.27 | -0.10 |
| Martin ratioReturn relative to average drawdown | 9.24 | 9.92 | -0.68 |
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Drawdowns
JGHY.L vs. DHYA.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, which is greater than DHYA.L's maximum drawdown of -16.29%. Use the drawdown chart below to compare losses from any high point for JGHY.L and DHYA.L.
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Drawdown Indicators
| JGHY.L | DHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -16.29% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -2.58% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -5.20% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -16.29% | -1.25% |
Current DrawdownCurrent decline from peak | -0.20% | -0.45% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -3.47% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.59% | +0.19% |
Volatility
JGHY.L vs. DHYA.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.L) has a higher volatility of 0.98% compared to iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) at 0.90%. This indicates that JGHY.L's price experiences larger fluctuations and is considered to be riskier than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGHY.L | DHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.90% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 3.61% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 4.26% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 7.33% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 7.84% | +0.57% |
JGHY.L vs. DHYA.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is higher than DHYA.L's 0.25% expense ratio.
Dividends
JGHY.L vs. DHYA.L - Dividend Comparison
Neither JGHY.L nor DHYA.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and DHYA.L 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, DHYA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JGHY.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGHY.L and 0.25% for DHYA.L.
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