JHYP.L vs. SDHY.L
JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) are both High Yield Bonds funds - JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP while SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Both are passively managed. Over the past 5 years, JHYP.L returned 3.69%/yr vs 5.74%/yr for SDHY.L. At a 0.16 correlation, their price movements are largely independent. JHYP.L charges 0.35%/yr vs 0.45%/yr for SDHY.L.
Performance
JHYP.L vs. SDHY.L - Performance Comparison
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Different Trading Currencies
JHYP.L is traded in GBP, while SDHY.L is traded in USD. To make them comparable, the SDHY.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JHYP.L achieves a 2.14% return, which is significantly higher than SDHY.L's 1.84% 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*
- —
SDHY.L
- 1D
- 0.13%
- 1M
- 1.09%
- YTD
- 1.84%
- 6M
- 1.40%
- 1Y
- 8.23%
- 3Y*
- 4.91%
- 5Y*
- 5.74%
- 10Y*
- 5.73%
JHYP.L vs. SDHY.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% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 1.84% | 1.14% | 8.36% | 3.31% | 8.23% | 4.40% | 2.66% |
Correlation
The correlation between JHYP.L and SDHY.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.16 |
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Return for Risk
JHYP.L vs. SDHY.L — Risk / Return Rank
JHYP.L
SDHY.L
JHYP.L vs. SDHY.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 $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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 | SDHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.08 | +1.33 |
| Martin ratioReturn relative to average drawdown | 14.15 | 6.47 | +7.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JHYP.L | SDHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.32 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.69 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.59 | +0.42 |
Drawdowns
JHYP.L vs. SDHY.L - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.44%, which is greater than SDHY.L's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for JHYP.L and SDHY.L.
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Drawdown Indicators
| JHYP.L | SDHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -13.12% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.94% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -8.65% | +4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -11.99% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.12% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.61% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -4.07% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.27% | -0.68% |
Volatility
JHYP.L vs. SDHY.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 iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) has a volatility of 1.95%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than SDHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHYP.L | SDHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.95% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 4.74% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 6.24% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 8.31% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 9.85% | -4.17% |
JHYP.L vs. SDHY.L - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is lower than SDHY.L's 0.45% expense ratio.
Dividends
JHYP.L vs. SDHY.L - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 5.97%, less than SDHY.L's 8.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 8.31% | 6.59% | 6.41% | 5.64% | 4.31% | 4.24% | 4.80% | 5.26% | 5.48% | 5.42% | 5.68% | 5.05% |
Frequently Asked Questions
JHYP.L and SDHY.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JHYP.L is cheaper with a 0.35% expense ratio, compared with 0.45% for SDHY.L.
JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP, while SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYP.L and 0.45% for SDHY.L.
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