JHYP.L vs. JGYH.L

Last updated Jun 5, 2026

JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both High Yield Bonds funds from JPMorgan - JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP while JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, JHYP.L returned 3.69%/yr vs 4.89%/yr for JGYH.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

JHYP.L vs. JGYH.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 Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHYP.L achieves a 2.14% return, which is significantly higher than JGYH.L's 1.97% return.

JHYP.L

• 1D: 0.13%
• 1M: 0.65%
• YTD: 2.14%
• 6M: 2.89%
• 1Y: 8.43%
• 3Y*: 8.74%
• 5Y*: 3.69%
• 10Y*: —

JGYH.L

• 1D: 0.17%
• 1M: 1.39%
• YTD: 1.97%
• 6M: 2.21%
• 1Y: 9.59%
• 3Y*: 6.40%
• 5Y*: 4.89%
• 10Y*: —

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

JHYP.L vs. JGYH.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)	2.14%	9.26%	7.69%	9.79%	-10.02%	2.97%	14.80%
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%	7.51%

Correlation

The correlation between JHYP.L and JGYH.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since May 1, 2020	0.23

The correlation between JHYP.L and JGYH.L shifts across timeframes, from 0.12 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JHYP.L vs. JGYH.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: 69
JHYP.L Sharpe Ratio Rank: 63
JHYP.L Sortino Ratio Rank: 73
JHYP.L Omega Ratio Rank: 63
JHYP.L Calmar Ratio Rank: 69
JHYP.L Martin Ratio Rank: 75

JGYH.L

JGYH.L Risk / Return Rank: 65
JGYH.L Sharpe Ratio Rank: 59
JGYH.L Sortino Ratio Rank: 62
JGYH.L Omega Ratio Rank: 60
JGYH.L Calmar Ratio Rank: 78
JGYH.L Martin Ratio Rank: 66

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. JGYH.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 Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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	JGYH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.93	+0.11
Sortino ratio: Return per unit of downside risk	3.25	2.86	+0.39
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	3.41	3.97	-0.56
Martin ratio: Return relative to average drawdown	14.15	11.86	+2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current JHYP.L Sharpe Ratio is 2.05, which is comparable to the JGYH.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of JHYP.L and JGYH.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.

Sharpe Ratios by Period

	JHYP.L	JGYH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	1.93	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.71	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.42	+0.59

Drawdowns

JHYP.L vs. JGYH.L - Drawdown Comparison

The maximum JHYP.L drawdown since its inception was -15.44%, which is greater than JGYH.L's maximum drawdown of -12.24%. Use the drawdown chart below to compare losses from any high point for JHYP.L and JGYH.L.

Drawdown Indicators

	JHYP.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.44%	-12.24%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-2.41%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-4.58%	-7.56%	+2.98%
Max Drawdown (5Y) Largest decline over 5 years	-15.44%	-7.75%	-7.69%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.22%	-2.52%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.81%	-0.22%

Volatility

JHYP.L vs. JGYH.L - Volatility Comparison

The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) is 1.06%, while JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) has a volatility of 1.22%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHYP.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	1.22%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	3.56%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	4.94%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	6.92%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.68%	8.60%	-2.92%

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

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

Dividends

JHYP.L vs. JGYH.L - Dividend Comparison

JHYP.L's dividend yield for the trailing twelve months is around 5.97%, while JGYH.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)	5.97%	6.58%	5.96%	8.55%	5.62%	4.37%	0.69%

Frequently Asked Questions

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

JHYP.L and JGYH.L have a correlation of 0.12, 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 JGYH.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 JGYH.L?

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

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

JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD.