JGHY.L vs. SDHY.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) are both High Yield Bonds funds. JGHY.L is actively managed, while SDHY.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 4.65%/yr for SDHY.L. A 0.75 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.45%/yr for SDHY.L.
Performance
JGHY.L vs. SDHY.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JGHY.L having a 2.09% return and SDHY.L slightly lower at 2.01%.
JGHY.L
- 1D
- -0.08%
- 1M
- -0.13%
- 6M
- 1.98%
- YTD
- 2.09%
- 1Y
- 7.41%
- 3Y*
- 8.58%
- 5Y*
- 3.74%
- 10Y*
- —
SDHY.L
- 1D
- 0.30%
- 1M
- 0.14%
- 6M
- 1.88%
- YTD
- 2.01%
- 1Y
- 6.41%
- 3Y*
- 7.37%
- 5Y*
- 4.65%
- 10Y*
- 4.76%
JGHY.L vs. SDHY.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% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 2.01% | 8.90% | 6.50% | 8.75% | -3.27% | 3.42% | 4.28% |
Correlation
The correlation between JGHY.L and SDHY.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 | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.75 |
The correlation between JGHY.L and SDHY.L has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. SDHY.L — Risk / Return Rank
JGHY.L
SDHY.L
JGHY.L vs. SDHY.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 iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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 | SDHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.49 | -1.32 |
| Martin ratioReturn relative to average drawdown | 9.24 | 15.20 | -5.96 |
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Drawdowns
JGHY.L vs. SDHY.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, which is greater than SDHY.L's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for JGHY.L and SDHY.L.
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Drawdown Indicators
| JGHY.L | SDHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -18.94% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -1.83% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -4.51% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -8.41% | -9.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.03% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -1.27% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.42% | +0.36% |
Volatility
JGHY.L vs. SDHY.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.L) and iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) have volatilities of 0.98% and 1.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGHY.L | SDHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.01% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.82% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.46% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 5.47% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 6.29% | +2.12% |
JGHY.L vs. SDHY.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is lower than SDHY.L's 0.45% expense ratio.
Dividends
JGHY.L vs. SDHY.L - Dividend Comparison
JGHY.L has not paid dividends to shareholders, while SDHY.L's dividend yield for the trailing twelve months is around 6.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGHY.L JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 6.73% | 6.59% | 6.41% | 5.64% | 4.31% | 4.24% | 4.80% | 5.26% | 5.48% | 5.42% | 5.68% | 5.05% |
Frequently Asked Questions
JGHY.L and SDHY.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, JGHY.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.L is cheaper with a 0.35% expense ratio, compared with 0.45% for SDHY.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGHY.L and 0.45% for SDHY.L.
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