JHYU.L vs. UHYC.L

Last updated Jun 5, 2026

JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) and UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) are both High Yield Bonds funds - JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD while UHYC.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 8.55%/yr for UHYC.L. A 0.77 correlation means they provide meaningful diversification when combined. JHYU.L charges 0.35%/yr vs 0.25%/yr for UHYC.L.

Performance

JHYU.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHYU.L achieves a 2.22% return, which is significantly higher than UHYC.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*: —

UHYC.L

• 1D: -0.03%
• 1M: 0.08%
• YTD: 1.10%
• 6M: 1.58%
• 1Y: 6.53%
• 3Y*: 8.55%
• 5Y*: —
• 10Y*: —

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

JHYU.L vs. UHYC.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%
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc	1.10%	8.84%	7.95%	12.03%	0.80%

Correlation

The correlation between JHYU.L and UHYC.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.77

The correlation between JHYU.L and UHYC.L has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

Return for Risk

JHYU.L vs. UHYC.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

UHYC.L

UHYC.L Risk / Return Rank: 57
UHYC.L Sharpe Ratio Rank: 54
UHYC.L Sortino Ratio Rank: 61
UHYC.L Omega Ratio Rank: 57
UHYC.L Calmar Ratio Rank: 50
UHYC.L Martin Ratio Rank: 61

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. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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	UHYC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.83	+0.53
Sortino ratio: Return per unit of downside risk	3.74	2.85	+0.89
Omega ratio: Gain probability vs. loss probability	1.44	1.34	+0.09
Calmar ratio: Return relative to maximum drawdown	3.37	2.43	+0.94
Martin ratio: Return relative to average drawdown	14.46	10.62	+3.85
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. UHYC.L - Sharpe Ratio Comparison

The current JHYU.L Sharpe Ratio is 2.36, which is comparable to the UHYC.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of JHYU.L and UHYC.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	UHYC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	1.83	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	1.16	+0.44

Drawdowns

JHYU.L vs. UHYC.L - Drawdown Comparison

The maximum JHYU.L drawdown since its inception was -7.58%, smaller than the maximum UHYC.L drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for JHYU.L and UHYC.L.

Drawdown Indicators

	JHYU.L	UHYC.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.58%	-9.25%	+1.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.56%	-2.75%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-4.70%	-4.88%	+0.18%
Current Drawdown Current decline from peak	-0.20%	-0.12%	-0.08%
Average Drawdown Average peak-to-trough decline	-0.92%	-1.20%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	0.63%	-0.03%

Volatility

JHYU.L vs. UHYC.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) has a volatility of 1.34%. This indicates that JHYU.L experiences smaller price fluctuations and is considered to be less risky than UHYC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHYU.L	UHYC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	1.34%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	2.86%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	3.66%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.50%	6.76%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.50%	6.76%	-1.26%

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

JHYU.L has a 0.35% expense ratio, which is higher than UHYC.L's 0.25% expense ratio.

Dividends

JHYU.L vs. UHYC.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

JHYU.L and UHYC.L have a correlation of 0.71, 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 UHYC.L?

On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.35% for JHYU.L.

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

JHYU.L tracks ICE BofA Gbl HY Constnd TR USD, while UHYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.35% for JHYU.L and 0.25% for UHYC.L.