JHYP.L vs. JEPE.L

Last updated Jun 26, 2026

JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and JEPE.L (JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)) are both exchange-traded funds - JHYP.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR HGBP, while JEPE.L is a Derivative Income fund actively managed by JPMorgan. JHYP.L is passively managed, while JEPE.L is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

JHYP.L vs. JEPE.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 Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

JHYP.L

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

JEPE.L

• 1D: 0.00%
• 1M: 1.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)	1.81%
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	3.93%

Correlation

The correlation between JHYP.L and JEPE.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 (All Time) Calculated using the full available price history since Feb 16, 2026	0.70

Return for Risk

JHYP.L vs. JEPE.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

JEPE.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. JEPE.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 Europe Equity Premium Income Active UCITS ETF EUR (Dist) (JEPE.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	JEPE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.22	—	—
Martin ratio: Return relative to average drawdown	13.55	—	—

Drawdowns

JHYP.L vs. JEPE.L - Drawdown Comparison

The maximum JHYP.L drawdown since its inception was -15.52%, which is greater than JEPE.L's maximum drawdown of -9.52%. Use the drawdown chart below to compare losses from any high point for JHYP.L and JEPE.L.

Drawdown Indicators

	JHYP.L	JEPE.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.52%	-9.52%	-6.00%
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	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-3.21%	-3.11%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	—	—

Volatility

Volatility by Period

	JHYP.L	JEPE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	13.95%	-9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	13.95%	-8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.82%	13.95%	-8.13%

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

Both JHYP.L and JEPE.L have an expense ratio of 0.35%.

Dividends

JHYP.L vs. JEPE.L - Dividend Comparison

JHYP.L's dividend yield for the trailing twelve months is around 5.95%, more than JEPE.L's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JEPE.L JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (Dist)	3.17%	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)	5.95%	6.58%	5.97%	8.55%	5.62%	4.37%	0.69%

Frequently Asked Questions

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

JHYP.L and JEPE.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.

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

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

JHYP.L and JEPE.L have the same expense ratio: 0.35% per year.

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

JHYP.L is categorized as High Yield Bonds, while JEPE.L is Derivative Income.