JGHY.L vs. STYC.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds. JGHY.L is actively managed, while STYC.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 5.14%/yr for STYC.L. A 0.78 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.55%/yr for STYC.L.
Performance
JGHY.L vs. STYC.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 higher than STYC.L's 1.69% 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*
- —
STYC.L
- 1D
- 0.08%
- 1M
- -0.11%
- 6M
- 1.33%
- YTD
- 1.69%
- 1Y
- 6.20%
- 3Y*
- 8.33%
- 5Y*
- 5.14%
- 10Y*
- 5.26%
JGHY.L vs. STYC.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% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.69% | 9.13% | 8.08% | 11.66% | -4.84% | 4.37% | 3.98% |
Correlation
The correlation between JGHY.L and STYC.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.78 |
The correlation between JGHY.L and STYC.L shifts across timeframes, from 0.60 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGHY.L vs. STYC.L — Risk / Return Rank
JGHY.L
STYC.L
JGHY.L vs. STYC.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 Acc (STYC.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 | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.67 | -1.50 |
| Martin ratioReturn relative to average drawdown | 9.24 | 14.40 | -5.16 |
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Drawdowns
JGHY.L vs. STYC.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, smaller than the maximum STYC.L drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for JGHY.L and STYC.L.
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Drawdown Indicators
| JGHY.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -21.57% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -1.68% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -5.94% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -9.62% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.11% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -1.65% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.43% | +0.35% |
Volatility
JGHY.L vs. STYC.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 Acc (STYC.L) at 0.51%. This indicates that JGHY.L's price experiences larger fluctuations and is considered to be riskier than STYC.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 | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.51% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.70% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.39% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 5.71% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 6.43% | +1.98% |
JGHY.L vs. STYC.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
JGHY.L vs. STYC.L - Dividend Comparison
Neither JGHY.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and STYC.L have a correlation of 0.60, 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 STYC.L.
They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.35% for JGHY.L and 0.55% for STYC.L.
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