JGYH.L vs. HYGB.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while HYGB.L is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, JGYH.L returned 4.28%/yr vs 3.29%/yr for HYGB.L. A 0.67 correlation means they provide meaningful diversification when combined. JGYH.L charges 0.35%/yr vs 0.40%/yr for HYGB.L.
Performance
JGYH.L vs. HYGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGYH.L achieves a 2.24% return, which is significantly lower than HYGB.L's 3.73% return.
JGYH.L
- 1D
- 0.32%
- 1M
- -0.35%
- 6M
- 1.72%
- YTD
- 2.24%
- 1Y
- 6.96%
- 3Y*
- 7.64%
- 5Y*
- 4.28%
- 10Y*
- —
HYGB.L
- 1D
- 0.36%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 3.73%
- 1Y
- 7.76%
- 3Y*
- 8.68%
- 5Y*
- 3.29%
- 10Y*
- —
JGYH.L vs. HYGB.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) | 2.24% | 4.10% | 7.92% | 5.18% | 0.63% | 3.10% | -22.21% |
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.73% | 1.56% | 13.72% | 1.66% | -2.52% | 0.59% | -0.36% |
Correlation
The correlation between JGYH.L and HYGB.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.67 |
The correlation between JGYH.L and HYGB.L shifts across timeframes, from 0.67 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JGYH.L vs. HYGB.L — Risk / Return Rank
JGYH.L
HYGB.L
JGYH.L vs. HYGB.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 VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.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.
| JGYH.L | HYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.33 | +0.54 |
| Martin ratioReturn relative to average drawdown | 8.13 | 5.93 | +2.20 |
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Drawdowns
JGYH.L vs. HYGB.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -31.48%, which is greater than HYGB.L's maximum drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for JGYH.L and HYGB.L.
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Drawdown Indicators
| JGYH.L | HYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -26.72% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.31% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -8.96% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -7.74% | -23.02% | +15.28% |
Current DrawdownCurrent decline from peak | -2.83% | -1.93% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -16.52% | -14.28% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.30% | -0.45% |
Volatility
JGYH.L vs. HYGB.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) is 1.02%, while VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) has a volatility of 1.48%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than HYGB.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 | HYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.48% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 4.96% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 6.52% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 18.18% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.30% | 17.40% | -5.10% |
JGYH.L vs. HYGB.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is lower than HYGB.L's 0.40% expense ratio.
Dividends
JGYH.L vs. HYGB.L - Dividend Comparison
Neither JGYH.L nor HYGB.L has paid dividends to shareholders.
Frequently Asked Questions
JGYH.L and HYGB.L have a correlation of 0.80, 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 0.40% for HYGB.L.
JGYH.L is categorized as High Yield Bonds, while HYGB.L is Emerging Markets Bonds. JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while HYGB.L tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.35% for JGYH.L and 0.40% for HYGB.L.
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