JGYH.L vs. GHYS.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and GHYS.L (iShares Global High Yield Corp Bond GBP Hedged UCITS ETF) are both High Yield Bonds funds - JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD while GHYS.L tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged). Both are passively managed. Over the past 5 years, JGYH.L returned 4.89%/yr vs 3.51%/yr for GHYS.L. At a 0.24 correlation, their price movements are largely independent. JGYH.L charges 0.35%/yr vs 0.55%/yr for GHYS.L.
Performance
JGYH.L vs. GHYS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JGYH.L achieves a 1.97% return, which is significantly higher than GHYS.L's 1.32% 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*
- —
GHYS.L
- 1D
- 0.09%
- 1M
- 0.42%
- YTD
- 1.32%
- 6M
- 1.62%
- 1Y
- 5.61%
- 3Y*
- 7.87%
- 5Y*
- 3.51%
- 10Y*
- 4.09%
JGYH.L vs. GHYS.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% |
GHYS.L iShares Global High Yield Corp Bond GBP Hedged UCITS ETF | 1.32% | 7.56% | 6.95% | 11.60% | -9.89% | 3.60% | 2.14% |
Correlation
The correlation between JGYH.L and GHYS.L is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.24 |
The correlation between JGYH.L and GHYS.L shifts across timeframes, from 0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JGYH.L vs. GHYS.L — Risk / Return Rank
JGYH.L
GHYS.L
JGYH.L vs. GHYS.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 Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.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 | GHYS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.88 | +2.08 |
| Martin ratioReturn relative to average drawdown | 11.86 | 8.55 | +3.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JGYH.L | GHYS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.27 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.59 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.58 | -0.16 |
Drawdowns
JGYH.L vs. GHYS.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, smaller than the maximum GHYS.L drawdown of -25.15%. Use the drawdown chart below to compare losses from any high point for JGYH.L and GHYS.L.
Loading charts...
Drawdown Indicators
| JGYH.L | GHYS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -25.15% | +12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.97% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -4.54% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -14.70% | +6.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.29% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.65% | +0.16% |
Volatility
JGYH.L vs. GHYS.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 Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) has a volatility of 1.48%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than GHYS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JGYH.L | GHYS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.48% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.79% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 4.40% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 5.98% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 7.15% | +1.45% |
JGYH.L vs. GHYS.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is lower than GHYS.L's 0.55% expense ratio.
Dividends
JGYH.L vs. GHYS.L - Dividend Comparison
JGYH.L has not paid dividends to shareholders, while GHYS.L's dividend yield for the trailing twelve months is around 5.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYS.L iShares Global High Yield Corp Bond GBP Hedged UCITS ETF | 5.73% | 5.68% | 5.78% | 5.36% | 4.41% | 3.78% | 4.08% | 5.03% | 4.89% | 4.58% | 4.91% | 5.65% |
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (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% |
Frequently Asked Questions
JGYH.L and GHYS.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGYH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGYH.L is cheaper with a 0.35% expense ratio, compared with 0.55% for GHYS.L.
JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while GHYS.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGYH.L and 0.55% for GHYS.L.
Find the right allocation for JGYH.L and GHYS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer