JPGL.DE vs. JGHY.DE
JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both exchange-traded funds - JPGL.DE is a Global Equities fund tracking the JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while JGHY.DE is a High Yield Bonds fund actively managed by JPMorgan. JPGL.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, JPGL.DE returned 10.43%/yr vs 4.41%/yr for JGHY.DE. A 0.53 correlation means they provide meaningful diversification when combined. JPGL.DE charges 0.20%/yr vs 0.35%/yr for JGHY.DE.
Performance
JPGL.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPGL.DE achieves a 15.24% return, which is significantly higher than JGHY.DE's 5.01% return.
JPGL.DE
- 1D
- 0.40%
- 1M
- 1.89%
- 6M
- 10.71%
- YTD
- 15.24%
- 1Y
- 25.25%
- 3Y*
- 14.88%
- 5Y*
- 10.43%
- 10Y*
- —
JGHY.DE
- 1D
- -0.12%
- 1M
- 1.45%
- 6M
- 3.50%
- YTD
- 5.01%
- 1Y
- 9.76%
- 3Y*
- 7.94%
- 5Y*
- 4.41%
- 10Y*
- —
JPGL.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 15.24% | 5.19% | 16.53% | 9.72% | -4.98% | 33.81% | -3.57% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 5.01% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between JPGL.DE and JGHY.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.53 |
The correlation between JPGL.DE and JGHY.DE shifts across timeframes, from 0.41 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPGL.DE vs. JGHY.DE — Risk / Return Rank
JPGL.DE
JGHY.DE
JPGL.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). 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.
| JPGL.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.41 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 4.19 | +1.09 |
| Martin ratioReturn relative to average drawdown | 20.91 | 13.89 | +7.01 |
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Drawdowns
JPGL.DE vs. JGHY.DE - Drawdown Comparison
The maximum JPGL.DE drawdown since its inception was -35.54%, which is greater than JGHY.DE's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and JGHY.DE.
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Drawdown Indicators
| JPGL.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -24.72% | -10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -2.32% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -10.49% | -6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -10.49% | -6.85% |
Current DrawdownCurrent decline from peak | -0.11% | -0.43% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -6.58% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.70% | +0.50% |
Volatility
JPGL.DE vs. JGHY.DE - Volatility Comparison
JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) has a higher volatility of 1.71% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.19%. This indicates that JPGL.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPGL.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.19% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.95% | 3.03% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 4.62% | +3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.83% | 6.57% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 8.78% | +6.11% |
JPGL.DE vs. JGHY.DE - Expense Ratio Comparison
JPGL.DE has a 0.20% expense ratio, which is lower than JGHY.DE's 0.35% expense ratio.
Dividends
JPGL.DE vs. JGHY.DE - Dividend Comparison
Neither JPGL.DE nor JGHY.DE has paid dividends to shareholders.
Frequently Asked Questions
JPGL.DE and JGHY.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for JGHY.DE.
JPGL.DE is categorized as Global Equities, while JGHY.DE is High Yield Bonds. Their fees differ too: 0.20% for JPGL.DE and 0.35% for JGHY.DE.
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