JGHY.L vs. STHY.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both High Yield Bonds funds. JGHY.L is actively managed, while STHY.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 5.19%/yr for STHY.L. A 0.75 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.55%/yr for STHY.L.
Performance
JGHY.L vs. STHY.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 STHY.L slightly lower at 2.08%.
JGHY.L
- 1D
- -0.08%
- 1M
- -0.13%
- 6M
- 1.98%
- YTD
- 2.09%
- 1Y
- 7.41%
- 3Y*
- 8.58%
- 5Y*
- 3.74%
- 10Y*
- —
STHY.L
- 1D
- 0.47%
- 1M
- 0.27%
- 6M
- 1.63%
- YTD
- 2.08%
- 1Y
- 6.52%
- 3Y*
- 8.30%
- 5Y*
- 5.19%
- 10Y*
- 5.30%
JGHY.L vs. STHY.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% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 2.08% | 8.60% | 8.43% | 11.65% | -4.82% | 4.37% | 4.03% |
Correlation
The correlation between JGHY.L and STHY.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.75 |
Over the past year, the correlation between JGHY.L and STHY.L has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
JGHY.L vs. STHY.L — Risk / Return Rank
JGHY.L
STHY.L
JGHY.L vs. STHY.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 PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.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 | STHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.70 | -1.54 |
| Martin ratioReturn relative to average drawdown | 9.24 | 14.49 | -5.25 |
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Drawdowns
JGHY.L vs. STHY.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, smaller than the maximum STHY.L drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for JGHY.L and STHY.L.
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Drawdown Indicators
| JGHY.L | STHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -21.74% | +1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -1.75% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -4.67% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -9.55% | -7.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.74% | — |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -1.42% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.45% | +0.33% |
Volatility
JGHY.L vs. STHY.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 PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) at 0.92%. This indicates that JGHY.L's price experiences larger fluctuations and is considered to be riskier than STHY.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 | STHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.92% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.89% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.51% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 5.43% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 6.25% | +2.16% |
JGHY.L vs. STHY.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is lower than STHY.L's 0.55% expense ratio.
Dividends
JGHY.L vs. STHY.L - Dividend Comparison
JGHY.L has not paid dividends to shareholders, while STHY.L's dividend yield for the trailing twelve months is around 6.94%.
| 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% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 6.94% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
Frequently Asked Questions
JGHY.L and STHY.L have a correlation of 0.52, 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 0.55% for STHY.L.
They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.35% for JGHY.L and 0.55% for STHY.L.
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