JHYU.L vs. IHYA.L
JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds - JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while IHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, JHYU.L returned 9.05%/yr vs 8.29%/yr for IHYA.L. A 0.79 correlation means they provide meaningful diversification when combined. JHYU.L charges 0.35%/yr vs 0.50%/yr for IHYA.L.
Performance
JHYU.L vs. IHYA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JHYU.L achieves a 2.22% return, which is significantly higher than IHYA.L's 1.10% return.
JHYU.L
- 1D
- 0.12%
- 1M
- 0.38%
- YTD
- 2.22%
- 6M
- 3.15%
- 1Y
- 8.64%
- 3Y*
- 9.05%
- 5Y*
- —
- 10Y*
- —
IHYA.L
- 1D
- 0.09%
- 1M
- -0.11%
- YTD
- 1.10%
- 6M
- 1.70%
- 1Y
- 6.95%
- 3Y*
- 8.29%
- 5Y*
- 3.99%
- 10Y*
- —
JHYU.L vs. IHYA.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% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.10% | 9.49% | 6.98% | 10.64% | 1.55% |
Correlation
The correlation between JHYU.L and IHYA.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.79 |
The correlation between JHYU.L and IHYA.L shifts across timeframes, from 0.68 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JHYU.L vs. IHYA.L — Risk / Return Rank
JHYU.L
IHYA.L
JHYU.L vs. IHYA.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 USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 2.45 | +0.92 |
| Martin ratioReturn relative to average drawdown | 14.46 | 12.30 | +2.16 |
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 | IHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.93 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.56 | +1.03 |
Drawdowns
JHYU.L vs. IHYA.L - Drawdown Comparison
The maximum JHYU.L drawdown since its inception was -7.58%, smaller than the maximum IHYA.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for JHYU.L and IHYA.L.
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Drawdown Indicators
| JHYU.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.58% | -22.58% | +15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.82% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -4.83% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.31% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -2.23% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.56% | +0.04% |
Volatility
JHYU.L vs. IHYA.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 USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 1.36%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.36% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.87% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.58% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.50% | 6.81% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 7.89% | -2.39% |
JHYU.L vs. IHYA.L - Expense Ratio Comparison
JHYU.L has a 0.35% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.
Dividends
JHYU.L vs. IHYA.L - Dividend Comparison
Neither JHYU.L nor IHYA.L has paid dividends to shareholders.
Frequently Asked Questions
JHYU.L and IHYA.L have a correlation of 0.68, 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 IHYA.L.
JHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for JHYU.L and 0.50% for IHYA.L.
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