JHYU.L vs. JPLG.L

Last updated Jun 5, 2026

JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - JHYU.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, JHYU.L returned 9.05%/yr vs 16.66%/yr for JPLG.L. A 0.61 correlation means they provide meaningful diversification when combined. JHYU.L charges 0.35%/yr vs 0.20%/yr for JPLG.L.

Performance

JHYU.L vs. JPLG.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 JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JHYU.L is traded in USD, while JPLG.L is traded in GBp. To make them comparable, the JPLG.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 lower than JPLG.L's 10.50% return.

JHYU.L

• 1D: 0.12%
• 1M: 0.38%
• YTD: 2.22%
• 6M: 3.15%
• 1Y: 8.64%
• 3Y*: 9.05%
• 5Y*: —
• 10Y*: —

JPLG.L

• 1D: 0.06%
• 1M: 1.35%
• YTD: 10.50%
• 6M: 11.71%
• 1Y: 21.97%
• 3Y*: 16.66%
• 5Y*: 9.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHYU.L vs. JPLG.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%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	10.50%	18.42%	10.23%	12.69%	5.69%

Correlation

The correlation between JHYU.L and JPLG.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.61

The correlation between JHYU.L and JPLG.L shifts across timeframes, from 0.50 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JHYU.L vs. JPLG.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: 76
JHYU.L Sharpe Ratio Rank: 74
JHYU.L Sortino Ratio Rank: 85
JHYU.L Omega Ratio Rank: 75
JHYU.L Calmar Ratio Rank: 69
JHYU.L Martin Ratio Rank: 76

JPLG.L

JPLG.L Risk / Return Rank: 84
JPLG.L Sharpe Ratio Rank: 88
JPLG.L Sortino Ratio Rank: 88
JPLG.L Omega Ratio Rank: 86
JPLG.L Calmar Ratio Rank: 80
JPLG.L Martin Ratio Rank: 79

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. JPLG.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 JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.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	JPLG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.37	-0.01
Sortino ratio: Return per unit of downside risk	3.74	3.46	+0.28
Omega ratio: Gain probability vs. loss probability	1.44	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	3.37	3.28	+0.09
Martin ratio: Return 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.

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

The current JHYU.L Sharpe Ratio is 2.36, which is comparable to the JPLG.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of JHYU.L and JPLG.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.

Sharpe Ratios by Period

	JHYU.L	JPLG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.37	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.68	+0.92

Drawdowns

JHYU.L vs. JPLG.L - Drawdown Comparison

The maximum JHYU.L drawdown since its inception was -7.58%, smaller than the maximum JPLG.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for JHYU.L and JPLG.L.

Drawdown Indicators

	JHYU.L	JPLG.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.58%	-35.38%	+27.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.56%	-6.61%	+4.05%
Max Drawdown (3Y) Largest decline over 3 years	-4.70%	-12.54%	+7.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.57%	—
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.92%	-4.51%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	1.77%	-1.17%

Volatility

JHYU.L vs. JPLG.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 JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) has a volatility of 2.31%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than JPLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHYU.L	JPLG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	2.31%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	6.90%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	9.16%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.50%	13.19%	-7.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.50%	15.83%	-10.33%

JHYU.L vs. JPLG.L - Expense Ratio Comparison

JHYU.L has a 0.35% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.

Dividends

JHYU.L vs. JPLG.L - Dividend Comparison

Neither JHYU.L nor JPLG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JHYU.L and JPLG.L in my portfolio?

JHYU.L and JPLG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHYU.L or JPLG.L?

On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHYU.L or JPLG.L?

JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.35% for JHYU.L.

What is the main difference between JHYU.L and JPLG.L?

JHYU.L is categorized as High Yield Bonds, while JPLG.L is Global Equities. JHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while JPLG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.35% for JHYU.L and 0.20% for JPLG.L.