JGYH.L vs. HYSD.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds - JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD while HYSD.L tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 3 years, JGYH.L returned 7.53%/yr vs 8.14%/yr for HYSD.L. At a 0.12 correlation, their price movements are largely independent. JGYH.L charges 0.35%/yr vs 0.22%/yr for HYSD.L.
Performance
JGYH.L vs. HYSD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JGYH.L having a 1.93% return and HYSD.L slightly higher at 1.97%.
JGYH.L
- 1D
- -0.45%
- 1M
- -0.44%
- 6M
- 1.33%
- YTD
- 1.93%
- 1Y
- 7.13%
- 3Y*
- 7.53%
- 5Y*
- 4.22%
- 10Y*
- —
HYSD.L
- 1D
- 0.11%
- 1M
- 0.31%
- 6M
- 1.50%
- YTD
- 1.97%
- 1Y
- 5.87%
- 3Y*
- 8.14%
- 5Y*
- —
- 10Y*
- —
JGYH.L vs. HYSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 1.93% | 4.10% | 7.92% | 5.18% | 1.27% |
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.97% | 8.24% | 7.60% | 11.75% | -3.60% |
Correlation
The correlation between JGYH.L and HYSD.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.12 |
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Return for Risk
JGYH.L vs. HYSD.L — Risk / Return Rank
JGYH.L
HYSD.L
JGYH.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.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 | HYSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.42 | +0.33 |
| Martin ratioReturn relative to average drawdown | 7.90 | 10.63 | -2.72 |
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Drawdowns
JGYH.L vs. HYSD.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -31.48%, which is greater than HYSD.L's maximum drawdown of -9.53%. Use the drawdown chart below to compare losses from any high point for JGYH.L and HYSD.L.
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Drawdown Indicators
| JGYH.L | HYSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -9.53% | -21.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.42% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -5.02% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -7.74% | — | — |
Current DrawdownCurrent decline from peak | -3.12% | -0.10% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -1.50% | -15.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.55% | +0.29% |
Volatility
JGYH.L vs. HYSD.L - Volatility Comparison
JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) has a higher volatility of 1.40% compared to iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (HYSD.L) at 0.91%. This indicates that JGYH.L's price experiences larger fluctuations and is considered to be riskier than HYSD.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 | HYSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 0.91% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 3.13% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 3.88% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 6.09% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 6.09% | +6.22% |
JGYH.L vs. HYSD.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is higher than HYSD.L's 0.22% expense ratio.
Dividends
JGYH.L vs. HYSD.L - Dividend Comparison
JGYH.L has not paid dividends to shareholders, while HYSD.L's dividend yield for the trailing twelve months is around 11.07%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYSD.L iShares Broad $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 11.07% | 7.39% | 7.39% | 5.61% |
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JGYH.L and HYSD.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYSD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYSD.L is cheaper with a 0.22% expense ratio, compared with 0.35% for JGYH.L.
JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while HYSD.L tracks ICE BofA US High Yield Constrained Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGYH.L and 0.22% for HYSD.L.
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