JPGL.L vs. JGYH.L

Last updated Jun 26, 2026

JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both exchange-traded funds - JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, JPGL.L returned 9.62%/yr vs 3.70%/yr for JGYH.L. At a 0.45 correlation, their price movements are largely independent. JPGL.L charges 0.19%/yr vs 0.35%/yr for JGYH.L.

Performance

JPGL.L vs. JGYH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JPGL.L is traded in USD, while JGYH.L is traded in GBP. To make them comparable, the JGYH.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPGL.L achieves a 11.38% return, which is significantly higher than JGYH.L's 1.64% return.

JPGL.L

• 1D: 0.78%
• 1M: 1.22%
• YTD: 11.38%
• 6M: 11.50%
• 1Y: 22.50%
• 3Y*: 16.73%
• 5Y*: 9.62%
• 10Y*: —

JGYH.L

• 1D: -0.01%
• 1M: 0.20%
• YTD: 1.64%
• 6M: 1.87%
• 1Y: 6.99%
• 3Y*: 9.11%
• 5Y*: 3.70%
• 10Y*: —

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

JPGL.L vs. JGYH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc	11.38%	18.24%	10.32%	13.28%	-10.20%	23.30%	6.91%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	1.64%	11.95%	6.12%	10.73%	-10.13%	2.17%	-18.47%

Correlation

The correlation between JPGL.L and JGYH.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020	0.45

The correlation between JPGL.L and JGYH.L shifts across timeframes, from 0.31 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JPGL.L vs. JGYH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPGL.L

JPGL.L Risk / Return Rank: 81
JPGL.L Sharpe Ratio Rank: 82
JPGL.L Sortino Ratio Rank: 87
JPGL.L Omega Ratio Rank: 80
JPGL.L Calmar Ratio Rank: 78
JPGL.L Martin Ratio Rank: 78

JGYH.L

JGYH.L Risk / Return Rank: 81
JGYH.L Sharpe Ratio Rank: 77
JGYH.L Sortino Ratio Rank: 83
JGYH.L Omega Ratio Rank: 78
JGYH.L Calmar Ratio Rank: 87
JGYH.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.

JPGL.L vs. JGYH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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.

	JPGL.L	JGYH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.40	+0.87
Sortino ratio: Return per unit of downside risk	3.38	2.03	+1.35
Omega ratio: Gain probability vs. loss probability	1.41	1.25	+0.16
Calmar ratio: Return relative to maximum drawdown	3.55	1.80	+1.75
Martin ratio: Return relative to average drawdown	13.04	7.88	+5.15

JPGL.L vs. JGYH.L - Sharpe Ratio Comparison

The current JPGL.L Sharpe Ratio is 2.27, which is higher than the JGYH.L Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of JPGL.L and JGYH.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.

Drawdowns

JPGL.L vs. JGYH.L - Drawdown Comparison

The maximum JPGL.L drawdown since its inception was -35.87%, smaller than the maximum JGYH.L drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for JPGL.L and JGYH.L.

Drawdown Indicators

	JPGL.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.87%	-38.48%	+2.61%
Max Drawdown (1Y) Largest decline over 1 year	-6.32%	-3.87%	-2.45%
Max Drawdown (3Y) Largest decline over 3 years	-12.45%	-4.54%	-7.91%
Max Drawdown (5Y) Largest decline over 5 years	-21.04%	-18.15%	-2.89%
Current Drawdown Current decline from peak	-0.48%	-0.51%	+0.03%
Average Drawdown Average peak-to-trough decline	-4.46%	-16.97%	+12.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	0.88%	+0.84%

Volatility

JPGL.L vs. JGYH.L - Volatility Comparison

JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a higher volatility of 2.95% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) at 1.61%. This indicates that JPGL.L's price experiences larger fluctuations and is considered to be riskier than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPGL.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	1.61%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	4.11%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	9.90%	4.99%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	7.28%	+6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	12.70%	+3.37%

JPGL.L vs. JGYH.L - Expense Ratio Comparison

JPGL.L has a 0.19% expense ratio, which is lower than JGYH.L's 0.35% expense ratio.

Dividends

JPGL.L vs. JGYH.L - Dividend Comparison

Neither JPGL.L nor JGYH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JPGL.L and JGYH.L in my portfolio?

JPGL.L and JGYH.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPGL.L or JGYH.L?

On fees, JPGL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPGL.L or JGYH.L?

JPGL.L is cheaper with a 0.19% expense ratio, compared with 0.35% for JGYH.L.

What is the main difference between JPGL.L and JGYH.L?

JPGL.L is categorized as Global Equities, while JGYH.L is High Yield Bonds. JPGL.L tracks MSCI ACWI NR USD, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.19% for JPGL.L and 0.35% for JGYH.L.