JHYP.L vs. BBDD.L

Last updated Jun 26, 2026

JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and BBDD.L (JPMorgan BetaBuilders US Equity UCITS ETF (Dist)) are both exchange-traded funds - JHYP.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR HGBP, while BBDD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, JHYP.L returned 3.62%/yr vs 13.69%/yr for BBDD.L. At a 0.46 correlation, their price movements are largely independent. JHYP.L charges 0.35%/yr vs 0.05%/yr for BBDD.L.

Performance

JHYP.L vs. BBDD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JHYP.L is traded in GBP, while BBDD.L is traded in GBp. To make them comparable, the BBDD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, JHYP.L achieves a 2.45% return, which is significantly lower than BBDD.L's 10.28% return.

JHYP.L

• 1D: 0.00%
• 1M: 1.00%
• YTD: 2.45%
• 6M: 2.65%
• 1Y: 8.41%
• 3Y*: 8.95%
• 5Y*: 3.62%
• 10Y*: —

BBDD.L

• 1D: 0.89%
• 1M: 1.02%
• YTD: 10.28%
• 6M: 10.44%
• 1Y: 26.54%
• 3Y*: 19.47%
• 5Y*: 13.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHYP.L vs. BBDD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)	2.45%	9.42%	7.65%	9.75%	-10.03%	3.00%	16.87%
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	10.28%	9.41%	27.20%	20.72%	-10.45%	29.23%	22.89%

Correlation

The correlation between JHYP.L and BBDD.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020	0.46

Return for Risk

JHYP.L vs. BBDD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHYP.L

JHYP.L Risk / Return Rank: 76
JHYP.L Sharpe Ratio Rank: 71
JHYP.L Sortino Ratio Rank: 81
JHYP.L Omega Ratio Rank: 78
JHYP.L Calmar Ratio Rank: 72
JHYP.L Martin Ratio Rank: 79

BBDD.L

BBDD.L Risk / Return Rank: 81
BBDD.L Sharpe Ratio Rank: 86
BBDD.L Sortino Ratio Rank: 84
BBDD.L Omega Ratio Rank: 86
BBDD.L Calmar Ratio Rank: 76
BBDD.L Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHYP.L vs. BBDD.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 - GBP Hedged (dist) (JHYP.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.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.

	JHYP.L	BBDD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.44	-0.43
Sortino ratio: Return per unit of downside risk	3.15	3.28	-0.13
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	3.22	3.44	-0.22
Martin ratio: Return relative to average drawdown	13.55	11.85	+1.70

JHYP.L vs. BBDD.L - Sharpe Ratio Comparison

The current JHYP.L Sharpe Ratio is 2.01, which is comparable to the BBDD.L Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of JHYP.L and BBDD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHYP.L vs. BBDD.L - Drawdown Comparison

The maximum JHYP.L drawdown since its inception was -15.52%, smaller than the maximum BBDD.L drawdown of -25.72%. Use the drawdown chart below to compare losses from any high point for JHYP.L and BBDD.L.

Drawdown Indicators

	JHYP.L	BBDD.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.52%	-25.72%	+10.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-7.78%	+5.18%
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	-21.41%	+16.92%
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	-21.41%	+5.89%
Current Drawdown Current decline from peak	0.00%	-0.55%	+0.55%
Average Drawdown Average peak-to-trough decline	-3.21%	-3.69%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	2.27%	-1.65%

Volatility

JHYP.L vs. BBDD.L - Volatility Comparison

The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) is 0.68%, while JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) has a volatility of 3.61%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than BBDD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHYP.L	BBDD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	3.61%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	7.78%	-4.98%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	11.00%	-6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	14.53%	-8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.82%	16.10%	-10.28%

JHYP.L vs. BBDD.L - Expense Ratio Comparison

JHYP.L has a 0.35% expense ratio, which is higher than BBDD.L's 0.05% expense ratio.

Dividends

JHYP.L vs. BBDD.L - Dividend Comparison

JHYP.L's dividend yield for the trailing twelve months is around 5.95%, more than BBDD.L's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBDD.L JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	0.99%	1.12%	0.99%	1.31%	1.44%	0.94%	1.46%	0.79%
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)	5.95%	6.58%	5.97%	8.55%	5.62%	4.37%	0.69%	0.00%

Frequently Asked Questions

Can I hold both JHYP.L and BBDD.L in my portfolio?

JHYP.L and BBDD.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHYP.L or BBDD.L?

On fees, BBDD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHYP.L or BBDD.L?

BBDD.L is cheaper with a 0.05% expense ratio, compared with 0.35% for JHYP.L.

What is the main difference between JHYP.L and BBDD.L?

JHYP.L is categorized as High Yield Bonds, while BBDD.L is Large Cap Blend Equities. JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP, while BBDD.L tracks Russell 1000 TR USD. Their fees differ too: 0.35% for JHYP.L and 0.05% for BBDD.L.