JGYH.L vs. MVOL.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, JGYH.L returned 4.89%/yr vs 6.31%/yr for MVOL.L. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
JGYH.L vs. MVOL.L - Performance Comparison
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Different Trading Currencies
JGYH.L is traded in GBP, while MVOL.L is traded in USD. To make them comparable, the MVOL.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 MVOL.L's 1.07% 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*
- —
MVOL.L
- 1D
- 0.04%
- 1M
- 1.69%
- YTD
- 1.07%
- 6M
- 0.74%
- 1Y
- 2.42%
- 3Y*
- 6.56%
- 5Y*
- 6.31%
- 10Y*
- 7.85%
JGYH.L vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 1.07% | 3.11% | 13.02% | 1.92% | 1.12% | 15.73% | -6.68% |
Correlation
The correlation between JGYH.L and MVOL.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.47 |
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Return for Risk
JGYH.L vs. MVOL.L — Risk / Return Rank
JGYH.L
MVOL.L
JGYH.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.05 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 0.41 | +3.56 |
| Martin ratioReturn relative to average drawdown | 11.86 | 1.06 | +10.81 |
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 | MVOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.27 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.59 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.79 | -0.37 |
Drawdowns
JGYH.L vs. MVOL.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, smaller than the maximum MVOL.L drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for JGYH.L and MVOL.L.
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Drawdown Indicators
| JGYH.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -20.24% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -5.89% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -8.78% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -10.44% | +2.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.24% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.42% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -3.64% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 2.29% | -1.48% |
Volatility
JGYH.L vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a volatility of 2.89%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.89% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 6.88% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 8.81% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 10.63% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 12.49% | -3.89% |
JGYH.L vs. MVOL.L - Expense Ratio Comparison
Both JGYH.L and MVOL.L have an expense ratio of 0.35%.
Dividends
JGYH.L vs. MVOL.L - Dividend Comparison
Neither JGYH.L nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
JGYH.L and MVOL.L have a correlation of 0.39, 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 MVOL.L have the same expense ratio: 0.35% per year.
JGYH.L is categorized as High Yield Bonds, while MVOL.L is Global Equities. JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: JPMorgan and iShares.
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