JHYP.L vs. PFIX
Compare and contrast key facts about JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) and Simplify Interest Rate Hedge ETF (PFIX).
JHYP.L and PFIX 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. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHYP.L or PFIX.
Key characteristics
| JHYP.L | PFIX | |
|---|---|---|
| YTD Return | 7.87% | 23.19% |
| 1Y Return | 13.57% | -10.68% |
| 3Y Return (Ann) | 2.22% | 31.48% |
| Sharpe Ratio | 3.47 | -0.17 |
| Sortino Ratio | 5.84 | 0.04 |
| Omega Ratio | 1.79 | 1.00 |
| Calmar Ratio | 1.92 | -0.18 |
| Martin Ratio | 30.65 | -0.42 |
| Ulcer Index | 0.45% | 17.11% |
| Daily Std Dev | 3.97% | 41.10% |
| Max Drawdown | -15.43% | -39.52% |
| Current Drawdown | 0.00% | -22.64% |
Correlation
The correlation between JHYP.L and PFIX is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
JHYP.L vs. PFIX - Performance Comparison
In the year-to-date period, JHYP.L achieves a 7.87% return, which is significantly lower than PFIX's 23.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JHYP.L vs. PFIX - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is lower than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
JHYP.L vs. PFIX - Risk-Adjusted Performance 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 Simplify Interest Rate Hedge ETF (PFIX). 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.
Dividends
JHYP.L vs. PFIX - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 5.95%, less than PFIX's 69.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.95% | 8.55% | 5.62% | 4.37% | 0.69% |
PFIX Simplify Interest Rate Hedge ETF | 69.22% | 80.99% | 0.63% | 0.00% | 0.00% |
Drawdowns
JHYP.L vs. PFIX - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.43%, smaller than the maximum PFIX drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for JHYP.L and PFIX. For additional features, visit the drawdowns tool.
Volatility
JHYP.L vs. PFIX - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) is 2.47%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.67%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.