PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
JHYU.L vs. HYSD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JHYU.L vs. HYSD.L

Last updated Jul 16, 2026
Documentation

JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF) are both High Yield Bonds funds - JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while HYSD.L tracks the iShares Broad $ High Yield Corp Bond UCITS ETF. Both are passively managed. Over the past 3 years, JHYU.L returned 9.49%/yr vs 9.36%/yr for HYSD.L. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

JHYU.L vs. HYSD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) and iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

JHYU.L is traded in USD, while HYSD.L is traded in GBP. To make them comparable, the HYSD.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 HYSD.L's 2.45% 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*
—

HYSD.L

1D
0.00%
1M
0.90%
6M
1.97%
YTD
2.45%
1Y
6.98%
3Y*
9.36%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JHYU.L vs. HYSD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
JHYU.L
JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)		3.06%9.40%7.94%10.74%-0.66%
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		2.45%16.41%5.80%17.64%-4.06%

Correlation

The correlation between JHYU.L and HYSD.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

0.51

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2022

0.56

The correlation between JHYU.L and HYSD.L has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)

iShares Broad $ High Yield Corp Bond UCITS ETF

Often compared with JHYU.L:
JHYU.L vs. FAHY.LJHYU.L vs. HYUS.LJHYU.L vs. SDHY.LJHYU.L vs. STHY.LJHYU.L vs. HYFC.LJHYU.L vs. JHYP.LJHYU.L vs. IHYU.L

Return for Risk

JHYU.L vs. HYSD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JHYU.L
JHYU.L Risk / Return Rank: 8686
Overall Rank
JHYU.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
JHYU.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
JHYU.L Omega Ratio Rank: 8787
Omega Ratio Rank
JHYU.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
JHYU.L Martin Ratio Rank: 8585
Martin Ratio Rank
HYSD.L
HYSD.L Risk / Return Rank: 6464
Overall Rank
HYSD.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HYSD.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYSD.L Omega Ratio Rank: 6565
Omega Ratio Rank
HYSD.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
HYSD.L Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHYU.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.LHYSD.LDifference
Sharpe ratioReturn per unit of total volatility
2.29
0.78

+1.52

Sortino ratioReturn per unit of downside risk
3.66
1.16

+2.50

Omega ratioGain probability vs. loss probability

1.43

1.14

+0.29

Calmar ratioReturn relative to maximum drawdown

3.22

1.02

+2.19

Martin ratioReturn relative to average drawdown

13.81

2.67

+11.14

JHYU.L vs. HYSD.L - Sharpe Ratio Comparison

The current JHYU.L Sharpe Ratio is 2.29, which is higher than the HYSD.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of JHYU.L and HYSD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

JHYU.L vs. HYSD.L - Drawdown Comparison

The maximum JHYU.L drawdown since its inception was -14.48%, smaller than the maximum HYSD.L drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for JHYU.L and HYSD.L.

Loading charts...

Drawdown Indicators

JHYU.LHYSD.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.48%

-20.02%

+5.54%

Max Drawdown (1Y)

Largest decline over 1 year

-2.56%

-6.47%

+3.91%

Max Drawdown (3Y)

Largest decline over 3 years

-4.70%

-9.49%

+4.79%

Max Drawdown (5Y)

Largest decline over 5 years

-14.48%

—

—

Current Drawdown

Current decline from peak

-0.02%

-1.07%

+1.05%

Average Drawdown

Average peak-to-trough decline

-2.58%

-3.24%

+0.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.60%

2.49%

-1.89%

Volatility

JHYU.L vs. HYSD.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 Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) has a volatility of 2.14%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than HYSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

JHYU.LHYSD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.57%

2.14%

-1.57%

Volatility (6M)

Calculated over the trailing 6-month period

2.65%

6.54%

-3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

3.59%

8.55%

-4.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

12.08%

-6.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.72%

12.08%

-6.36%

Dividends

JHYU.L vs. HYSD.L - Dividend Comparison

JHYU.L has not paid dividends to shareholders, while HYSD.L's dividend yield for the trailing twelve months is around 11.04%.

PositionTTM202520242023
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		11.04%7.39%7.39%5.61%
JHYU.L
JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)		0.00%0.00%0.00%0.00%

Frequently Asked Questions

JHYU.L and HYSD.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.

JHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF. They also come from different issuers: JPMorgan and iShares.

Portfolio Optimizer

Find the right allocation for JHYU.L and HYSD.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer