JGRE.L vs. JGYH.L

Last updated Jun 5, 2026

JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both exchange-traded funds - JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, JGRE.L returned 13.30%/yr vs 4.89%/yr for JGYH.L. A 0.51 correlation means they provide meaningful diversification when combined. JGRE.L charges 0.25%/yr vs 0.35%/yr for JGYH.L.

Performance

JGRE.L vs. JGYH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JGRE.L is traded in GBp, while JGYH.L is traded in GBP. To make them comparable, the JGYH.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JGRE.L achieves a 9.61% return, which is significantly higher than JGYH.L's 1.97% return.

JGRE.L

• 1D: 0.12%
• 1M: 4.66%
• YTD: 9.61%
• 6M: 10.05%
• 1Y: 26.28%
• 3Y*: 17.09%
• 5Y*: 13.30%
• 10Y*: —

JGYH.L

• 1D: 0.17%
• 1M: 1.39%
• YTD: 1.97%
• 6M: 2.21%
• 1Y: 9.59%
• 3Y*: 6.40%
• 5Y*: 4.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JGRE.L vs. JGYH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	9.61%	11.65%	20.63%	18.59%	-7.77%	25.92%	7.37%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	1.97%	4.09%	7.92%	5.18%	0.63%	3.10%	-0.09%

Correlation

The correlation between JGRE.L and JGYH.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020	0.51

The correlation between JGRE.L and JGYH.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Return for Risk

JGRE.L vs. JGYH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JGRE.L

JGRE.L Risk / Return Rank: 81
JGRE.L Sharpe Ratio Rank: 81
JGRE.L Sortino Ratio Rank: 81
JGRE.L Omega Ratio Rank: 83
JGRE.L Calmar Ratio Rank: 78
JGRE.L Martin Ratio Rank: 82

JGYH.L

JGYH.L Risk / Return Rank: 65
JGYH.L Sharpe Ratio Rank: 59
JGYH.L Sortino Ratio Rank: 62
JGYH.L Omega Ratio Rank: 60
JGYH.L Calmar Ratio Rank: 78
JGYH.L Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JGRE.L vs. JGYH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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.

	JGRE.L	JGYH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.93	+0.65
Sortino ratio: Return per unit of downside risk	3.55	2.86	+0.69
Omega ratio: Gain probability vs. loss probability	1.49	1.36	+0.13
Calmar ratio: Return relative to maximum drawdown	3.93	3.97	-0.03
Martin ratio: Return relative to average drawdown	16.25	11.86	+4.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRE.L vs. JGYH.L - Sharpe Ratio Comparison

The current JGRE.L Sharpe Ratio is 2.59, which is higher than the JGYH.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of JGRE.L and JGYH.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JGRE.L	JGYH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.93	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.71	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.42	+0.50

Drawdowns

JGRE.L vs. JGYH.L - Drawdown Comparison

The maximum JGRE.L drawdown since its inception was -25.31%, which is greater than JGYH.L's maximum drawdown of -12.24%. Use the drawdown chart below to compare losses from any high point for JGRE.L and JGYH.L.

Drawdown Indicators

	JGRE.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-12.24%	-13.07%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-2.41%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-7.56%	-10.93%
Max Drawdown (5Y) Largest decline over 5 years	-18.49%	-7.75%	-10.74%
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-3.10%	-2.52%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	0.81%	+0.80%

Volatility

JGRE.L vs. JGYH.L - Volatility Comparison

JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) has a higher volatility of 2.48% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) at 1.22%. This indicates that JGRE.L's price experiences larger fluctuations and is considered to be riskier than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGRE.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	1.22%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	3.56%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	4.94%	+5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	6.92%	+6.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	8.60%	+6.46%

JGRE.L vs. JGYH.L - Expense Ratio Comparison

JGRE.L has a 0.25% expense ratio, which is lower than JGYH.L's 0.35% expense ratio.

Dividends

JGRE.L vs. JGYH.L - Dividend Comparison

Neither JGRE.L nor JGYH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JGRE.L and JGYH.L in my portfolio?

JGRE.L and JGYH.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JGRE.L or JGYH.L?

On fees, JGRE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JGRE.L or JGYH.L?

JGRE.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JGYH.L.

What is the main difference between JGRE.L and JGYH.L?

JGRE.L is categorized as Global Equities, while JGYH.L is High Yield Bonds. JGRE.L tracks MSCI ACWI NR USD, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.25% for JGRE.L and 0.35% for JGYH.L.