JHYP.L vs. HYEA.L

Last updated Jun 6, 2026

JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP while HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. JHYP.L charges 0.35%/yr vs 0.50%/yr for HYEA.L.

Performance

JHYP.L vs. HYEA.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 iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

JHYP.L

• 1D: -0.20%
• 1M: 0.00%
• YTD: 1.84%
• 6M: 2.65%
• 1Y: 7.99%
• 3Y*: 8.66%
• 5Y*: 3.64%
• 10Y*: —

HYEA.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

JHYP.L vs. HYEA.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: 66
JHYP.L Sharpe Ratio Rank: 59
JHYP.L Sortino Ratio Rank: 68
JHYP.L Omega Ratio Rank: 63
JHYP.L Calmar Ratio Rank: 67
JHYP.L Martin Ratio Rank: 74

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. HYEA.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 iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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	HYEA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	12.74	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JHYP.L	HYEA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	—	—

Drawdowns

Drawdown Indicators

	JHYP.L	HYEA.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	—	—
Current Drawdown Current decline from peak	-0.20%	—	—
Average Drawdown Average peak-to-trough decline	-3.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	—	—

Volatility

Volatility by Period

	JHYP.L	HYEA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.85%	—	—

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

JHYP.L has a 0.35% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.

Dividends

JHYP.L vs. HYEA.L - Dividend Comparison

JHYP.L's dividend yield for the trailing twelve months is around 5.98%, while HYEA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)	5.98%	6.58%	5.97%	8.55%	5.62%	4.37%	0.69%

Frequently Asked Questions

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

On fees, JHYP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

JHYP.L is cheaper with a 0.35% expense ratio, compared with 0.50% for HYEA.L.

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

JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYP.L and 0.50% for HYEA.L.