JGYH.L vs. EIMI.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 5 years, JGYH.L returned 4.89%/yr vs 8.77%/yr for EIMI.L. At a 0.25 correlation, their price movements are largely independent. JGYH.L charges 0.35%/yr vs 0.18%/yr for EIMI.L.
Performance
JGYH.L vs. EIMI.L - Performance Comparison
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Different Trading Currencies
JGYH.L is traded in GBP, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JGYH.L achieves a 1.97% return, which is significantly lower than EIMI.L's 24.75% return.
JGYH.L
- 1D
- 0.17%
- 1M
- 1.39%
- YTD
- 1.97%
- 6M
- 2.21%
- 1Y
- 9.59%
- 3Y*
- 6.40%
- 5Y*
- 4.89%
- 10Y*
- —
EIMI.L
- 1D
- -1.30%
- 1M
- 5.47%
- YTD
- 24.75%
- 6M
- 26.33%
- 1Y
- 50.86%
- 3Y*
- 20.20%
- 5Y*
- 8.77%
- 10Y*
- 11.09%
JGYH.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 24.75% | 22.75% | 9.23% | 5.48% | -10.12% | 0.29% | 14.07% |
Correlation
The correlation between JGYH.L and EIMI.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.25 |
The correlation between JGYH.L and EIMI.L shifts across timeframes, from 0.09 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGYH.L vs. EIMI.L — Risk / Return Rank
JGYH.L
EIMI.L
JGYH.L vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
| JGYH.L | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.53 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 4.78 | -0.82 |
| Martin ratioReturn relative to average drawdown | 11.86 | 16.25 | -4.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JGYH.L | EIMI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.83 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.53 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.47 | -0.05 |
Drawdowns
JGYH.L vs. EIMI.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, smaller than the maximum EIMI.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JGYH.L and EIMI.L.
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Drawdown Indicators
| JGYH.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -31.70% | +19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -10.58% | +8.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -15.79% | +8.23% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -22.27% | +14.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.29% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -8.72% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 3.12% | -2.31% |
Volatility
JGYH.L vs. EIMI.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) is 1.22%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 7.58%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGYH.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 7.58% | -6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 15.58% | -12.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 17.91% | -12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 16.61% | -9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 18.39% | -9.79% |
JGYH.L vs. EIMI.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Dividends
JGYH.L vs. EIMI.L - Dividend Comparison
Neither JGYH.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
JGYH.L and EIMI.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.35% for JGYH.L.
JGYH.L is categorized as High Yield Bonds, while EIMI.L is Emerging Markets Equities. JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGYH.L and 0.18% for EIMI.L.
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