JHYP.L vs. GFGB.L
Compare and contrast key facts about JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L).
JHYP.L and GFGB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JHYP.L is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA Gbl HY Constnd TR HGBP. It was launched on Apr 24, 2020. GFGB.L is a passively managed fund by VanEck that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Mar 19, 2018. Both JHYP.L and GFGB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JHYP.L vs. GFGB.L - Performance Comparison
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JHYP.L vs. GFGB.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) | -0.52% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.85% | 2.41% | 7.87% | 4.27% | -2.32% | 3.31% | 14.91% |
Returns By Period
In the year-to-date period, JHYP.L achieves a -0.52% return, which is significantly lower than GFGB.L's 0.85% return.
JHYP.L
- 1D
- 0.74%
- 1M
- -0.98%
- YTD
- -0.52%
- 6M
- 1.83%
- 1Y
- 7.68%
- 3Y*
- 7.77%
- 5Y*
- 3.47%
- 10Y*
- —
GFGB.L
- 1D
- -0.16%
- 1M
- -1.45%
- YTD
- 0.85%
- 6M
- 1.64%
- 1Y
- 3.78%
- 3Y*
- 4.76%
- 5Y*
- 3.69%
- 10Y*
- —
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JHYP.L vs. GFGB.L - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is lower than GFGB.L's 0.40% expense ratio.
Return for Risk
JHYP.L vs. GFGB.L — Risk / Return Rank
JHYP.L
GFGB.L
JHYP.L vs. GFGB.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 VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.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.
| JHYP.L | GFGB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.57 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.19 | 0.82 | +1.37 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.20 | +1.28 |
Martin ratioReturn relative to average drawdown | 11.13 | 2.89 | +8.24 |
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
| JHYP.L | GFGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.57 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.48 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.64 | +0.30 |
Correlation
The correlation between JHYP.L and GFGB.L is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JHYP.L vs. GFGB.L - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 6.13%, while GFGB.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 6.13% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% |
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JHYP.L vs. GFGB.L - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.44%, roughly equal to the maximum GFGB.L drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for JHYP.L and GFGB.L.
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Drawdown Indicators
| JHYP.L | GFGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -15.95% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -4.20% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -10.36% | -5.08% |
Current DrawdownCurrent decline from peak | -1.55% | -1.45% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.55% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.38% | -0.71% |
Volatility
JHYP.L vs. GFGB.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) is 1.69%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) has a volatility of 2.07%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than GFGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHYP.L | GFGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.07% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.54% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 6.60% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 7.66% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 8.76% | -3.04% |