JHYU.L vs. HYGU.L
JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF) are both High Yield Bonds funds - JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while HYGU.L tracks the iShares € High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 5 years, JHYU.L returned 4.23%/yr vs 4.58%/yr for HYGU.L. A 0.73 correlation means they provide meaningful diversification when combined. JHYU.L charges 0.35%/yr vs 0.55%/yr for HYGU.L.
Performance
JHYU.L vs. HYGU.L - Performance Comparison
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Returns By Period
In the year-to-date period, JHYU.L achieves a 3.06% return, which is significantly higher than HYGU.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*
- —
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
JHYU.L vs. HYGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 3.38% | 15.54% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 3.72% | 13.54% |
Correlation
The correlation between JHYU.L and HYGU.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 13, 2020 | 0.73 |
The correlation between JHYU.L and HYGU.L shifts across timeframes, from 0.62 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHYU.L vs. HYGU.L — Risk / Return Rank
JHYU.L
HYGU.L
JHYU.L vs. HYGU.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 UCITS ETF (HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.00 | +1.22 |
| Martin ratioReturn relative to average drawdown | 13.81 | 8.61 | +5.20 |
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Drawdowns
JHYU.L vs. HYGU.L - Drawdown Comparison
The maximum JHYU.L drawdown since its inception was -14.48%, smaller than the maximum HYGU.L drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for JHYU.L and HYGU.L.
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Drawdown Indicators
| JHYU.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -25.03% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.60% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -3.62% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -13.61% | -0.87% |
Current DrawdownCurrent decline from peak | -0.02% | -0.16% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.06% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.61% | -0.01% |
Volatility
JHYU.L vs. HYGU.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 UCITS ETF (HYGU.L) has a volatility of 0.62%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.62% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.85% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 3.33% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 5.37% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 7.10% | -1.38% |
JHYU.L vs. HYGU.L - Expense Ratio Comparison
JHYU.L has a 0.35% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.
Dividends
JHYU.L vs. HYGU.L - Dividend Comparison
Neither JHYU.L nor HYGU.L has paid dividends to shareholders.
Frequently Asked Questions
JHYU.L and HYGU.L have a correlation of 0.62, 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 0.55% for HYGU.L.
JHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYU.L and 0.55% for HYGU.L.
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