JGHY.L vs. JPGL.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JGHY.L is a High Yield Bonds fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JGHY.L is actively managed, while JPGL.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 9.69%/yr for JPGL.L. A 0.70 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.19%/yr for JPGL.L.
Performance
JGHY.L vs. JPGL.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 JPGL.L's 11.94% 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*
- —
JPGL.L
- 1D
- -0.15%
- 1M
- 0.02%
- 6M
- 9.52%
- YTD
- 11.94%
- 1Y
- 21.47%
- 3Y*
- 15.39%
- 5Y*
- 9.69%
- 10Y*
- —
JGHY.L vs. JPGL.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% | 6.24% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 11.94% | 18.24% | 10.32% | 13.28% | -10.20% | 23.30% | 6.91% |
Correlation
The correlation between JGHY.L and JPGL.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.70 |
The correlation between JGHY.L and JPGL.L has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. JPGL.L — Risk / Return Rank
JGHY.L
JPGL.L
JGHY.L vs. JPGL.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 JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.38 | -1.21 |
| Martin ratioReturn relative to average drawdown | 9.24 | 12.44 | -3.20 |
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Drawdowns
JGHY.L vs. JPGL.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JGHY.L and JPGL.L.
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Drawdown Indicators
| JGHY.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -35.87% | +15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -6.32% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -12.45% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -21.04% | +3.50% |
Current DrawdownCurrent decline from peak | -0.20% | -0.84% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -4.43% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.72% | -0.94% |
Volatility
JGHY.L vs. JPGL.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 JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a volatility of 2.99%. This indicates that JGHY.L experiences smaller price fluctuations and is considered to be less risky than JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.99% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 7.85% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 9.98% | -5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 13.44% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 16.03% | -7.62% |
JGHY.L vs. JPGL.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is higher than JPGL.L's 0.19% expense ratio.
Dividends
JGHY.L vs. JPGL.L - Dividend Comparison
Neither JGHY.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and JPGL.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.L is cheaper with a 0.19% expense ratio, compared with 0.35% for JGHY.L.
JGHY.L is categorized as High Yield Bonds, while JPGL.L is Global Equities. Their fees differ too: 0.35% for JGHY.L and 0.19% for JPGL.L.
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