JHYP.L vs. WIGG.L
JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds tracking the ICE BofA Gbl HY Constnd TR HGBP, from JPMorgan and iShares respectively. Both are passively managed. Over the past 5 years, JHYP.L returned 3.69%/yr vs 2.72%/yr for WIGG.L. Their correlation of 0.81 suggests significant overlap in exposure. JHYP.L charges 0.35%/yr vs 0.55%/yr for WIGG.L.
Performance
JHYP.L vs. WIGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JHYP.L achieves a 2.14% return, which is significantly higher than WIGG.L's 1.47% 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*
- —
WIGG.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.47%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 7.62%
- 5Y*
- 2.72%
- 10Y*
- —
JHYP.L vs. WIGG.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% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.47% | 8.82% | 4.80% | 11.01% | -12.90% | 4.06% | 18.27% |
Correlation
The correlation between JHYP.L and WIGG.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.81 |
The correlation between JHYP.L and WIGG.L shifts across timeframes, from 0.64 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHYP.L vs. WIGG.L — Risk / Return Rank
JHYP.L
WIGG.L
JHYP.L vs. WIGG.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 Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.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 | WIGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.13 | +1.28 |
| Martin ratioReturn relative to average drawdown | 14.15 | 8.95 | +5.20 |
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 | WIGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.98 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.46 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.63 | +0.37 |
Drawdowns
JHYP.L vs. WIGG.L - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.44%, smaller than the maximum WIGG.L drawdown of -23.44%. Use the drawdown chart below to compare losses from any high point for JHYP.L and WIGG.L.
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Drawdown Indicators
| JHYP.L | WIGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -23.44% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.52% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -4.30% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -17.35% | +1.91% |
Current DrawdownCurrent decline from peak | -0.03% | -0.10% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -3.59% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.84% | -0.25% |
Volatility
JHYP.L vs. WIGG.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 Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) has a volatility of 1.30%. This indicates that JHYP.L experiences smaller price fluctuations and is considered to be less risky than WIGG.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 | WIGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.30% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.97% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 3.80% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 5.92% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 7.44% | -1.76% |
JHYP.L vs. WIGG.L - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is lower than WIGG.L's 0.55% expense ratio.
Dividends
JHYP.L vs. WIGG.L - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 5.97%, less than WIGG.L's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 6.92% | 5.58% | 5.74% | 5.08% | 4.47% | 3.89% | 4.24% | 4.53% | 3.28% |
Frequently Asked Questions
JHYP.L and WIGG.L have a correlation of 0.64, 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 0.55% for WIGG.L.
Both ETFs track ICE BofA Gbl HY Constnd TR HGBP. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYP.L and 0.55% for WIGG.L.
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