JHYP.L vs. QYLE.DE
Compare and contrast key facts about JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) and Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE).
JHYP.L and QYLE.DE 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. QYLE.DE is a passively managed fund by Global X that tracks the performance of the Cboe Nasdaq-100 BuyWrite. It was launched on Nov 22, 2022. Both JHYP.L and QYLE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JHYP.L or QYLE.DE.
Key characteristics
| JHYP.L | QYLE.DE | |
|---|---|---|
| YTD Return | 7.87% | 21.36% |
| 1Y Return | 13.57% | 21.48% |
| Sharpe Ratio | 3.47 | 1.91 |
| Sortino Ratio | 5.84 | 2.49 |
| Omega Ratio | 1.79 | 1.39 |
| Calmar Ratio | 1.92 | 2.88 |
| Martin Ratio | 30.65 | 12.98 |
| Ulcer Index | 0.45% | 1.82% |
| Daily Std Dev | 3.97% | 12.34% |
| Max Drawdown | -15.43% | -9.08% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JHYP.L and QYLE.DE is 0.38, 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.
Performance
JHYP.L vs. QYLE.DE - Performance Comparison
In the year-to-date period, JHYP.L achieves a 7.87% return, which is significantly lower than QYLE.DE's 21.36% 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. QYLE.DE - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Risk-Adjusted Performance
JHYP.L vs. QYLE.DE - 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 Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE). 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. QYLE.DE - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 5.95%, less than QYLE.DE's 9.13% 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% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 9.13% | 10.08% | 0.00% | 0.00% | 0.00% |
Drawdowns
JHYP.L vs. QYLE.DE - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.43%, which is greater than QYLE.DE's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for JHYP.L and QYLE.DE. For additional features, visit the drawdowns tool.
Volatility
JHYP.L vs. QYLE.DE - 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 Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a volatility of 3.30%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than QYLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.