JGYH.L vs. JEIP.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and JEIP.L (JPM US Equity Premium Income Active UCITS ETF USD Dist) are both exchange-traded funds - JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while JEIP.L is a Derivative Income fund actively managed by JPMorgan. JGYH.L is passively managed, while JEIP.L is actively managed. Over the past year, JGYH.L returned 9.59% vs 9.32% for JEIP.L. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
JGYH.L vs. JEIP.L - Performance Comparison
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Different Trading Currencies
JGYH.L is traded in GBP, while JEIP.L is traded in GBp. To make them comparable, the JEIP.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 higher than JEIP.L's 0.23% 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*
- —
JEIP.L
- 1D
- 0.14%
- 1M
- -0.02%
- YTD
- 0.23%
- 6M
- 0.29%
- 1Y
- 9.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JGYH.L vs. JEIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 1.97% | 4.09% | 2.62% |
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 0.23% | 0.86% | 0.59% |
Correlation
The correlation between JGYH.L and JEIP.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | 0.66 |
The correlation between JGYH.L and JEIP.L has been stable across timeframes, ranging from 0.66 to 0.66 - a consistent structural relationship.
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Return for Risk
JGYH.L vs. JEIP.L — Risk / Return Rank
JGYH.L
JEIP.L
JGYH.L vs. JEIP.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 JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.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 | JEIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.50 | +2.46 |
| Martin ratioReturn relative to average drawdown | 11.86 | 4.37 | +7.49 |
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 | JEIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.11 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.10 | +0.32 |
Drawdowns
JGYH.L vs. JEIP.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, smaller than the maximum JEIP.L drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for JGYH.L and JEIP.L.
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Drawdown Indicators
| JGYH.L | JEIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -15.73% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -6.18% | +3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.46% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -5.25% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 2.13% | -1.32% |
Volatility
JGYH.L vs. JEIP.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) is 1.22%, while JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.L) has a volatility of 2.64%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than JEIP.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 | JEIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.64% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 6.23% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 8.39% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 11.22% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 11.22% | -2.62% |
JGYH.L vs. JEIP.L - Expense Ratio Comparison
Both JGYH.L and JEIP.L have an expense ratio of 0.35%.
Dividends
JGYH.L vs. JEIP.L - Dividend Comparison
JGYH.L has not paid dividends to shareholders, while JEIP.L's dividend yield for the trailing twelve months is around 8.32%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEIP.L JPM US Equity Premium Income Active UCITS ETF USD Dist | 8.32% | 7.18% | 0.61% |
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JGYH.L and JEIP.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JGYH.L and JEIP.L have the same expense ratio: 0.35% per year.
JGYH.L is categorized as High Yield Bonds, while JEIP.L is Derivative Income.
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