JGHY.L vs. JHYU.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) are both High Yield Bonds funds from JPMorgan. JGHY.L is actively managed, while JHYU.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 4.23%/yr for JHYU.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
JGHY.L vs. JHYU.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 JHYU.L's 3.06% 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*
- —
JHYU.L
- 1D
- 0.36%
- 1M
- 0.38%
- 6M
- 2.67%
- YTD
- 3.06%
- 1Y
- 8.27%
- 3Y*
- 9.49%
- 5Y*
- 4.23%
- 10Y*
- —
JGHY.L vs. JHYU.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% | 15.69% |
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 3.06% | 9.40% | 7.94% | 10.74% | -8.74% | 3.38% | 15.54% |
Correlation
The correlation between JGHY.L and JHYU.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 13, 2020 | 0.85 |
Over the past year, the correlation between JGHY.L and JHYU.L has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
JGHY.L vs. JHYU.L — Risk / Return Rank
JGHY.L
JHYU.L
JGHY.L vs. JHYU.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 Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.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 | JHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.22 | -1.05 |
| Martin ratioReturn relative to average drawdown | 9.24 | 13.81 | -4.57 |
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Drawdowns
JGHY.L vs. JHYU.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, which is greater than JHYU.L's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for JGHY.L and JHYU.L.
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Drawdown Indicators
| JGHY.L | JHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -14.48% | -5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -2.56% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -4.70% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -14.48% | -3.06% |
Current DrawdownCurrent decline from peak | -0.20% | -0.02% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -2.58% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.60% | +0.18% |
Volatility
JGHY.L vs. JHYU.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) at 0.57%. This indicates that JGHY.L's price experiences larger fluctuations and is considered to be riskier than JHYU.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 | JHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.57% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.65% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.59% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 5.73% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 5.72% | +2.69% |
JGHY.L vs. JHYU.L - Expense Ratio Comparison
Both JGHY.L and JHYU.L have an expense ratio of 0.35%.
Dividends
JGHY.L vs. JHYU.L - Dividend Comparison
Neither JGHY.L nor JHYU.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and JHYU.L have a correlation of 0.63, 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 JHYU.L have the same expense ratio: 0.35% per year.
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