JHYU.L vs. DHYG.L
JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and DHYG.L (iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both High Yield Bonds funds - JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while DHYG.L tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD). Both are passively managed. Over the past 3 years, JHYU.L returned 9.49%/yr vs 9.18%/yr for DHYG.L. A 0.62 correlation means they provide meaningful diversification when combined. JHYU.L charges 0.35%/yr vs 0.27%/yr for DHYG.L.
Performance
JHYU.L vs. DHYG.L - Performance Comparison
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Different Trading Currencies
JHYU.L is traded in USD, while DHYG.L is traded in GBP. To make them comparable, the DHYG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JHYU.L achieves a 3.06% return, which is significantly higher than DHYG.L's 2.18% return.
JHYU.L
- 1D
- 0.36%
- 1M
- 0.38%
- 6M
- 2.67%
- YTD
- 3.06%
- 1Y
- 8.27%
- 3Y*
- 9.49%
- 5Y*
- 4.23%
- 10Y*
- —
DHYG.L
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 2.07%
- YTD
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 9.18%
- 5Y*
- —
- 10Y*
- —
JHYU.L vs. DHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 3.06% | 9.40% | 7.94% | 10.74% | -8.74% | -0.45% |
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 2.18% | 16.90% | 5.94% | 16.60% | -22.65% | -2.41% |
Correlation
The correlation between JHYU.L and DHYG.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021 | 0.62 |
The correlation between JHYU.L and DHYG.L shifts across timeframes, from 0.46 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JHYU.L vs. DHYG.L — Risk / Return Rank
JHYU.L
DHYG.L
JHYU.L vs. DHYG.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 USD Hedged (acc) (JHYU.L) and iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JHYU.L | DHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.14 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.03 | +2.19 |
| Martin ratioReturn relative to average drawdown | 13.81 | 2.73 | +11.08 |
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Drawdowns
JHYU.L vs. DHYG.L - Drawdown Comparison
The maximum JHYU.L drawdown since its inception was -14.48%, smaller than the maximum DHYG.L drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for JHYU.L and DHYG.L.
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Drawdown Indicators
| JHYU.L | DHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -35.83% | +21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -6.63% | +4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -10.08% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.90% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -10.76% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.50% | -1.90% |
Volatility
JHYU.L vs. DHYG.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) is 0.57%, while iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) (DHYG.L) has a volatility of 2.11%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than DHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JHYU.L | DHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.11% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 6.43% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 8.59% | -5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 12.72% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 12.72% | -7.00% |
JHYU.L vs. DHYG.L - Expense Ratio Comparison
JHYU.L has a 0.35% expense ratio, which is higher than DHYG.L's 0.27% expense ratio.
Dividends
JHYU.L vs. DHYG.L - Dividend Comparison
JHYU.L has not paid dividends to shareholders, while DHYG.L's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DHYG.L iShares $ High Yield Corp Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 6.81% | 6.70% | 7.02% | 6.41% | 6.51% |
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JHYU.L and DHYG.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHYG.L is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYG.L is cheaper with a 0.27% expense ratio, compared with 0.35% for JHYU.L.
JHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while DHYG.L tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (USD). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYU.L and 0.27% for DHYG.L.
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