JGHY.L vs. UHYC.L
JGHY.L (JPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds. JGHY.L is actively managed, while UHYC.L is passively managed. Over the past 5 years, JGHY.L returned 3.74%/yr vs 3.47%/yr for UHYC.L. A 0.74 correlation means they provide meaningful diversification when combined. JGHY.L charges 0.35%/yr vs 0.25%/yr for UHYC.L.
Performance
JGHY.L vs. UHYC.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 UHYC.L's 1.70% 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*
- —
UHYC.L
- 1D
- 0.17%
- 1M
- -0.00%
- 6M
- 1.44%
- YTD
- 1.70%
- 1Y
- 6.12%
- 3Y*
- 8.82%
- 5Y*
- 3.47%
- 10Y*
- —
JGHY.L vs. UHYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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% | -0.92% |
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc | 1.70% | 8.78% | 7.98% | 12.03% | -12.31% | 0.95% |
Correlation
The correlation between JGHY.L and UHYC.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.74 |
The correlation between JGHY.L and UHYC.L has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
JGHY.L vs. UHYC.L — Risk / Return Rank
JGHY.L
UHYC.L
JGHY.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.19 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.24 | 9.65 | -0.41 |
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Drawdowns
JGHY.L vs. UHYC.L - Drawdown Comparison
The maximum JGHY.L drawdown since its inception was -20.47%, which is greater than UHYC.L's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for JGHY.L and UHYC.L.
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Drawdown Indicators
| JGHY.L | UHYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -16.72% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -2.78% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -4.90% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -16.72% | -0.82% |
Current DrawdownCurrent decline from peak | -0.20% | -0.17% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -3.90% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.63% | +0.15% |
Volatility
JGHY.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) at 0.75%. This indicates that JGHY.L's price experiences larger fluctuations and is considered to be riskier than UHYC.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 | UHYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.75% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.95% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.67% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 7.44% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 7.42% | +0.99% |
JGHY.L vs. UHYC.L - Expense Ratio Comparison
JGHY.L has a 0.35% expense ratio, which is higher than UHYC.L's 0.25% expense ratio.
Dividends
JGHY.L vs. UHYC.L - Dividend Comparison
Neither JGHY.L nor UHYC.L has paid dividends to shareholders.
Frequently Asked Questions
JGHY.L and UHYC.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JGHY.L.
They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.35% for JGHY.L and 0.25% for UHYC.L.
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