JPEA.L vs. TAHY.L
JPEA.L (iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)) 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 - JPEA.L is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Core Index, 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, JPEA.L returned 8.62%/yr vs 8.17%/yr for TAHY.L. At a 0.22 correlation, their price movements are largely independent. JPEA.L charges 0.45%/yr vs 0.60%/yr for TAHY.L.
Performance
JPEA.L vs. TAHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPEA.L achieves a 1.69% return, which is significantly lower than TAHY.L's 3.88% return.
JPEA.L
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 1.85%
- YTD
- 1.69%
- 1Y
- 9.82%
- 3Y*
- 8.62%
- 5Y*
- 1.76%
- 10Y*
- —
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
JPEA.L vs. TAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPEA.L iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) | 1.69% | 13.66% | 5.74% | 10.95% | -18.56% | -2.26% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
Correlation
The correlation between JPEA.L and TAHY.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.22 |
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Return for Risk
JPEA.L vs. TAHY.L — Risk / Return Rank
JPEA.L
TAHY.L
JPEA.L vs. TAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.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.
| JPEA.L | TAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.59 | -0.36 |
| Martin ratioReturn relative to average drawdown | 9.48 | 7.38 | +2.10 |
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Drawdowns
JPEA.L vs. TAHY.L - Drawdown Comparison
The maximum JPEA.L drawdown since its inception was -28.64%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for JPEA.L and TAHY.L.
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Drawdown Indicators
| JPEA.L | TAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -51.61% | +22.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -2.57% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -9.81% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -17.10% | +16.20% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -26.81% | +20.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.91% | +0.12% |
Volatility
JPEA.L vs. TAHY.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc) (JPEA.L) is 0.95%, while Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a volatility of 1.07%. This indicates that JPEA.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
| JPEA.L | TAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.07% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 2.83% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 3.64% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 13.09% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 13.09% | -2.90% |
JPEA.L vs. TAHY.L - Expense Ratio Comparison
JPEA.L has a 0.45% expense ratio, which is lower than TAHY.L's 0.60% expense ratio.
Dividends
JPEA.L vs. TAHY.L - Dividend Comparison
Neither JPEA.L nor TAHY.L has paid dividends to shareholders.
Frequently Asked Questions
JPEA.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, JPEA.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPEA.L is cheaper with a 0.45% expense ratio, compared with 0.60% for TAHY.L.
JPEA.L is categorized as Emerging Markets Bonds, while TAHY.L is High Yield Bonds. JPEA.L tracks J.P. Morgan EMBI Global Core Index, while TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index. They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.45% for JPEA.L and 0.60% for TAHY.L.
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