JMBP.L vs. TAHY.L
JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) are both exchange-traded funds - JMBP.L is a Emerging Markets Bonds fund tracking the JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while TAHY.L is a High Yield Bonds fund tracking the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. Both are passively managed. Over the past 3 years, JMBP.L returned 6.95%/yr vs 6.97%/yr for TAHY.L. At a correlation of -0.07, they often move in opposite directions. JMBP.L charges 0.39%/yr vs 0.60%/yr for TAHY.L.
Performance
JMBP.L vs. TAHY.L - Performance Comparison
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Different Trading Currencies
JMBP.L is traded in GBP, while TAHY.L is traded in USD. To make them comparable, the TAHY.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JMBP.L achieves a 1.43% return, which is significantly lower than TAHY.L's 3.40% return.
JMBP.L
- 1D
- -0.10%
- 1M
- -0.65%
- 6M
- 1.55%
- YTD
- 1.43%
- 1Y
- 8.99%
- 3Y*
- 6.95%
- 5Y*
- 0.52%
- 10Y*
- —
TAHY.L
- 1D
- -1.09%
- 1M
- -1.59%
- 6M
- 1.64%
- YTD
- 3.40%
- 1Y
- 5.75%
- 3Y*
- 6.97%
- 5Y*
- —
- 10Y*
- —
JMBP.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.43% | 13.12% | 1.60% | 8.38% | -17.58% | -2.19% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.40% | -0.38% | 19.59% | -15.20% | -8.69% | -11.17% |
Correlation
The correlation between JMBP.L and TAHY.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | -0.07 |
The correlation between JMBP.L and TAHY.L shifts across timeframes, from -0.17 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JMBP.L vs. TAHY.L — Risk / Return Rank
JMBP.L
TAHY.L
JMBP.L vs. TAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.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.
| JMBP.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.13 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.92 | +1.15 |
| Martin ratioReturn relative to average drawdown | 8.78 | 2.26 | +6.52 |
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Drawdowns
JMBP.L vs. TAHY.L - Drawdown Comparison
The maximum JMBP.L drawdown since its inception was -27.19%, smaller than the maximum TAHY.L drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for JMBP.L and TAHY.L.
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Drawdown Indicators
| JMBP.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.19% | -40.62% | +13.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -5.98% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -7.70% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -15.32% | +14.53% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -21.35% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.43% | -1.36% |
Volatility
JMBP.L vs. TAHY.L - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) is 1.09%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 2.17%. This indicates that JMBP.L experiences smaller price fluctuations and is considered to be less risky than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMBP.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 2.17% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 5.89% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 7.52% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 14.73% | -6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 14.73% | -4.29% |
JMBP.L vs. TAHY.L - Expense Ratio Comparison
JMBP.L has a 0.39% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
JMBP.L vs. TAHY.L - Dividend Comparison
JMBP.L's dividend yield for the trailing twelve months is around 5.84%, while TAHY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.84% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMBP.L and TAHY.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBP.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBP.L is cheaper with a 0.39% expense ratio, compared with 0.60% for TAHY.L.
JMBP.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. JMBP.L tracks JP Morgan Emerging Markets Risk-Aware Bond (GBP Hedged), while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: JPMorgan and Janus Henderson. Their fees differ too: 0.39% for JMBP.L and 0.60% for TAHY.L.
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