JGHY.L vs. JREU.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JGHY.L is a High Yield Bonds fund actively managed by JPMorgan, while JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. JGHY.L is actively managed, while JREU.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 12.94%/yr for JREU.L. A 0.66 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.20%/yr for JREU.L.
Performance
JGHY.L vs. JREU.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 JREU.L's 9.57% 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*
- —
JREU.L
- 1D
- 0.23%
- 1M
- 0.13%
- 6M
- 9.57%
- YTD
- 9.57%
- 1Y
- 20.72%
- 3Y*
- 19.53%
- 5Y*
- 12.94%
- 10Y*
- —
JGHY.L vs. JREU.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% |
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) | 9.57% | 16.31% | 25.12% | 28.35% | -18.91% | 30.58% | 18.25% |
Correlation
The correlation between JGHY.L and JREU.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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.66 |
The correlation between JGHY.L and JREU.L has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. JREU.L — Risk / Return Rank
JGHY.L
JREU.L
JGHY.L vs. JREU.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 Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.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 | JREU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.46 | -0.29 |
| Martin ratioReturn relative to average drawdown | 9.24 | 10.29 | -1.05 |
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Drawdowns
JGHY.L vs. JREU.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, smaller than the maximum JREU.L drawdown of -34.56%. Use the drawdown chart below to compare losses from any high point for JGHY.L and JREU.L.
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Drawdown Indicators
| JGHY.L | JREU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -34.56% | +14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -8.40% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -18.60% | +14.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -24.31% | +6.77% |
Current DrawdownCurrent decline from peak | -0.20% | -0.54% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -4.91% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.01% | -1.23% |
Volatility
JGHY.L vs. JREU.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 Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a volatility of 2.83%. This indicates that JGHY.L experiences smaller price fluctuations and is considered to be less risky than JREU.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 | JREU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.83% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 9.21% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 11.91% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 16.11% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 17.74% | -9.33% |
JGHY.L vs. JREU.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is higher than JREU.L's 0.20% expense ratio.
Dividends
JGHY.L vs. JREU.L - Dividend Comparison
Neither JGHY.L nor JREU.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and JREU.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, JREU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREU.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 JREU.L is Large Cap Blend Equities. Their fees differ too: 0.35% for JGHY.L and 0.20% for JREU.L.
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