JGYH.L vs. SDHA.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds - JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD while SDHA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, JGYH.L returned 4.89%/yr vs 5.79%/yr for SDHA.L. A 0.72 correlation means they provide meaningful diversification when combined. JGYH.L charges 0.35%/yr vs 0.45%/yr for SDHA.L.
Performance
JGYH.L vs. SDHA.L - Performance Comparison
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Different Trading Currencies
JGYH.L is traded in GBP, while SDHA.L is traded in USD. To make them comparable, the SDHA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with JGYH.L at 1.97% and SDHA.L at 1.97%.
JGYH.L
- 1D
- 0.17%
- 1M
- 1.39%
- YTD
- 1.97%
- 6M
- 2.21%
- 1Y
- 9.59%
- 3Y*
- 6.40%
- 5Y*
- 4.89%
- 10Y*
- —
SDHA.L
- 1D
- 0.14%
- 1M
- 1.13%
- YTD
- 1.97%
- 6M
- 1.49%
- 1Y
- 8.13%
- 3Y*
- 5.00%
- 5Y*
- 5.79%
- 10Y*
- —
JGYH.L vs. SDHA.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% |
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 1.97% | 1.12% | 8.49% | 3.46% | 8.00% | 4.60% | -2.03% |
Correlation
The correlation between JGYH.L and SDHA.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.72 |
The correlation between JGYH.L and SDHA.L has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
JGYH.L vs. SDHA.L — Risk / Return Rank
JGYH.L
SDHA.L
JGYH.L vs. SDHA.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 USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.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 | SDHA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 2.01 | +1.95 |
| Martin ratioReturn relative to average drawdown | 11.86 | 6.27 | +5.60 |
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 | SDHA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.25 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.70 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.51 | -0.09 |
Drawdowns
JGYH.L vs. SDHA.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, roughly equal to the maximum SDHA.L drawdown of -12.29%. Use the drawdown chart below to compare losses from any high point for JGYH.L and SDHA.L.
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Drawdown Indicators
| JGYH.L | SDHA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -12.29% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -4.02% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -8.71% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -11.99% | +4.24% |
Current DrawdownCurrent decline from peak | 0.00% | -0.59% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -4.13% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.29% | -0.48% |
Volatility
JGYH.L vs. SDHA.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 USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) has a volatility of 1.95%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than SDHA.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 | SDHA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.95% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 4.97% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 6.49% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 8.29% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 9.06% | -0.46% |
JGYH.L vs. SDHA.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is lower than SDHA.L's 0.45% expense ratio.
Dividends
JGYH.L vs. SDHA.L - Dividend Comparison
Neither JGYH.L nor SDHA.L has paid dividends to shareholders.
Frequently Asked Questions
JGYH.L and SDHA.L have a correlation of 0.70, 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 0.45% for SDHA.L.
JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while SDHA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JGYH.L and 0.45% for SDHA.L.
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