JGHY.L vs. JEPI.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and JEPI.L (JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - JGHY.L is a High Yield Bonds fund actively managed by JPMorgan, while JEPI.L is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. Over the past year, JGHY.L returned 7.41% vs 9.57% for JEPI.L. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
JGHY.L vs. JEPI.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 lower than JEPI.L's 2.77% 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*
- —
JEPI.L
- 1D
- 0.00%
- 1M
- 1.24%
- 6M
- 1.27%
- YTD
- 2.77%
- 1Y
- 9.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGHY.L vs. JEPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JGHY.L JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 2.09% | 11.61% | -0.19% |
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 2.77% | 8.11% | -0.36% |
Correlation
The correlation between JGHY.L and JEPI.L is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.50 |
The correlation between JGHY.L and JEPI.L has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. JEPI.L — Risk / Return Rank
JGHY.L
JEPI.L
JGHY.L vs. JEPI.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 JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.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 | JEPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.52 | +0.65 |
| Martin ratioReturn relative to average drawdown | 9.24 | 4.10 | +5.14 |
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Drawdowns
JGHY.L vs. JEPI.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, which is greater than JEPI.L's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for JGHY.L and JEPI.L.
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Drawdown Indicators
| JGHY.L | JEPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -14.36% | -6.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -6.29% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.99% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -2.48% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.34% | -1.56% |
Volatility
JGHY.L vs. JEPI.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.L) is 0.98%, while JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) (JEPI.L) has a volatility of 2.55%. This indicates that JGHY.L experiences smaller price fluctuations and is considered to be less risky than JEPI.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 | JEPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.55% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 6.66% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 8.47% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 11.65% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 11.65% | -3.24% |
JGHY.L vs. JEPI.L - Expense Ratio Comparison
Both JGHY.L and JEPI.L have an expense ratio of 0.35%.
Dividends
JGHY.L vs. JEPI.L - Dividend Comparison
JGHY.L has not paid dividends to shareholders, while JEPI.L's dividend yield for the trailing twelve months is around 7.70%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEPI.L JPMorgan US Equity Premium Income Active UCITS ETF USD (Dist) | 7.70% | 7.08% | 0.62% |
JGHY.L JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JGHY.L and JEPI.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.L and JEPI.L have the same expense ratio: 0.35% per year.
JGHY.L is categorized as High Yield Bonds, while JEPI.L is Derivative Income.
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