JGHY.L vs. JPLG.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - JGHY.L is a High Yield Bonds fund actively managed by JPMorgan, while JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD. JGHY.L is actively managed, while JPLG.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 9.78%/yr for JPLG.L. A 0.64 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.20%/yr for JPLG.L.
Performance
JGHY.L vs. JPLG.L - Performance Comparison
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Different Trading Currencies
JGHY.L is traded in USD, while JPLG.L is traded in GBp. To make them comparable, the JPLG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JGHY.L achieves a 2.09% return, which is significantly lower than JPLG.L's 12.28% 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*
- —
JPLG.L
- 1D
- 0.17%
- 1M
- 0.54%
- 6M
- 9.84%
- YTD
- 12.28%
- 1Y
- 21.85%
- 3Y*
- 15.54%
- 5Y*
- 9.78%
- 10Y*
- —
JGHY.L vs. JPLG.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% |
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 12.28% | 18.42% | 10.23% | 12.69% | -10.05% | 23.54% | 7.07% |
Correlation
The correlation between JGHY.L and JPLG.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.64 |
The correlation between JGHY.L and JPLG.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. JPLG.L — Risk / Return Rank
JGHY.L
JPLG.L
JGHY.L vs. JPLG.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 Equity Multi-Factor UCITS ETF Accumulating (JPLG.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 | JPLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.29 | -1.12 |
| Martin ratioReturn relative to average drawdown | 9.24 | 12.36 | -3.12 |
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Drawdowns
JGHY.L vs. JPLG.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, smaller than the maximum JPLG.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for JGHY.L and JPLG.L.
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Drawdown Indicators
| JGHY.L | JPLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -35.38% | +14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -6.61% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -12.54% | +8.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -21.57% | +4.03% |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -4.44% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.76% | -0.98% |
Volatility
JGHY.L vs. JPLG.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 Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) has a volatility of 2.16%. This indicates that JGHY.L experiences smaller price fluctuations and is considered to be less risky than JPLG.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 | JPLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.16% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 7.11% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 9.17% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 13.16% | -6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 15.74% | -7.33% |
JGHY.L vs. JPLG.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.
Dividends
JGHY.L vs. JPLG.L - Dividend Comparison
Neither JGHY.L nor JPLG.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and JPLG.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.35% for JGHY.L.
JGHY.L is categorized as High Yield Bonds, while JPLG.L is Global Equities. Their fees differ too: 0.35% for JGHY.L and 0.20% for JPLG.L.
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