JHYU.L vs. HYEA.L
JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds tracking the ICE BofA Gbl HY Constnd TR USD, from JPMorgan and iShares respectively. Both are passively managed. Over the past 3 years, JHYU.L returned 9.05%/yr vs 8.98%/yr for HYEA.L. A 0.61 correlation means they provide meaningful diversification when combined. JHYU.L charges 0.35%/yr vs 0.50%/yr for HYEA.L.
Performance
JHYU.L vs. HYEA.L - Performance Comparison
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Different Trading Currencies
JHYU.L is traded in USD, while HYEA.L is traded in EUR. To make them comparable, the HYEA.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 2.22% return, which is significantly higher than HYEA.L's 0.59% return.
JHYU.L
- 1D
- 0.12%
- 1M
- 0.38%
- YTD
- 2.22%
- 6M
- 3.15%
- 1Y
- 8.64%
- 3Y*
- 9.05%
- 5Y*
- —
- 10Y*
- —
HYEA.L
- 1D
- 0.16%
- 1M
- 0.22%
- YTD
- 0.59%
- 6M
- 1.68%
- 1Y
- 6.08%
- 3Y*
- 8.98%
- 5Y*
- 2.99%
- 10Y*
- —
JHYU.L vs. HYEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 2.22% | 9.40% | 7.95% | 10.73% | 3.83% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.57% | 15.17% | 2.47% | 12.66% | 6.31% |
Correlation
The correlation between JHYU.L and HYEA.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.61 |
The correlation between JHYU.L and HYEA.L shifts across timeframes, from 0.43 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JHYU.L vs. HYEA.L — Risk / Return Rank
JHYU.L
HYEA.L
JHYU.L vs. HYEA.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 Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| JHYU.L | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 1.26 | +2.11 |
| Martin ratioReturn relative to average drawdown | 14.46 | 4.18 | +10.28 |
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
| JHYU.L | HYEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.07 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.43 | +1.17 |
Drawdowns
JHYU.L vs. HYEA.L - Drawdown Comparison
The maximum JHYU.L drawdown since its inception was -7.58%, smaller than the maximum HYEA.L drawdown of -23.34%. Use the drawdown chart below to compare losses from any high point for JHYU.L and HYEA.L.
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Drawdown Indicators
| JHYU.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.58% | -23.34% | +15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -4.79% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -5.05% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.62% | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.36% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -4.18% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 1.45% | -0.85% |
Volatility
JHYU.L vs. HYEA.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) is 1.01%, while iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) has a volatility of 1.49%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than HYEA.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 | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.49% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 3.98% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 5.69% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.50% | 8.12% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 8.70% | -3.20% |
JHYU.L vs. HYEA.L - Expense Ratio Comparison
JHYU.L has a 0.35% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
JHYU.L vs. HYEA.L - Dividend Comparison
Neither JHYU.L nor HYEA.L has paid dividends to shareholders.
Frequently Asked Questions
JHYU.L and HYEA.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYU.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYU.L is cheaper with a 0.35% expense ratio, compared with 0.50% for HYEA.L.
Both ETFs track ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYU.L and 0.50% for HYEA.L.
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