JGYH.L vs. SDHG.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD while SDHG.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 7.59%/yr for SDHG.L. Their correlation of 0.88 suggests significant overlap in exposure. JGYH.L charges 0.35%/yr vs 0.45%/yr for SDHG.L.
Performance
JGYH.L vs. SDHG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGYH.L achieves a 1.97% return, which is significantly lower than SDHG.L's 2.17% 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*
- —
SDHG.L
- 1D
- 0.26%
- 1M
- 1.12%
- YTD
- 2.17%
- 6M
- 3.15%
- 1Y
- 11.14%
- 3Y*
- 7.16%
- 5Y*
- 7.59%
- 10Y*
- 7.60%
JGYH.L vs. SDHG.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% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 3.69% | 10.34% | 4.51% | 9.19% | 6.61% | -0.67% |
Correlation
The correlation between JGYH.L and SDHG.L is 0.85, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.88 |
The correlation between JGYH.L and SDHG.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
JGYH.L vs. SDHG.L — Risk / Return Rank
JGYH.L
SDHG.L
JGYH.L vs. SDHG.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 (SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 3.63 | +0.34 |
| Martin ratioReturn relative to average drawdown | 11.86 | 11.43 | +0.44 |
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 | SDHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.85 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.00 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.86 | -0.44 |
Drawdowns
JGYH.L vs. SDHG.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, which is greater than SDHG.L's maximum drawdown of -11.44%. Use the drawdown chart below to compare losses from any high point for JGYH.L and SDHG.L.
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Drawdown Indicators
| JGYH.L | SDHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -11.44% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.00% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -8.95% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -10.53% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.44% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.37% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -3.15% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.95% | -0.14% |
Volatility
JGYH.L vs. SDHG.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 (SDHG.L) has a volatility of 1.48%. This indicates that JGYH.L experiences smaller price fluctuations and is considered to be less risky than SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.48% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 4.11% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 5.88% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 7.58% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 9.19% | -0.59% |
JGYH.L vs. SDHG.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is lower than SDHG.L's 0.45% expense ratio.
Dividends
JGYH.L vs. SDHG.L - Dividend Comparison
JGYH.L has not paid dividends to shareholders, while SDHG.L's dividend yield for the trailing twelve months is around 11.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
Frequently Asked Questions
JGYH.L and SDHG.L have a correlation of 0.85, 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 SDHG.L.
JGYH.L tracks ICE BofA Gbl HY Constnd TR USD, while SDHG.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 SDHG.L.
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