JPIN vs. HYG
Compare and contrast key facts about J.P. Morgan Diversified Return International Equity ETF (JPIN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
JPIN and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPIN is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Diversified Factor International Equity Index. It was launched on Nov 7, 2014. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both JPIN and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIN or HYG.
Performance
JPIN vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, JPIN achieves a 4.66% return, which is significantly lower than HYG's 8.63% return. Over the past 10 years, JPIN has outperformed HYG with an annualized return of 4.22%, while HYG has yielded a comparatively lower 3.95% annualized return.
JPIN
4.66%
-3.57%
0.70%
11.67%
4.23%
4.22%
HYG
8.63%
0.68%
7.16%
13.04%
3.63%
3.95%
Key characteristics
| JPIN | HYG | |
|---|---|---|
| Sharpe Ratio | 0.96 | 2.85 |
| Sortino Ratio | 1.38 | 4.44 |
| Omega Ratio | 1.17 | 1.55 |
| Calmar Ratio | 1.29 | 2.68 |
| Martin Ratio | 4.26 | 21.35 |
| Ulcer Index | 2.80% | 0.62% |
| Daily Std Dev | 12.36% | 4.65% |
| Max Drawdown | -36.69% | -34.24% |
| Current Drawdown | -8.53% | -0.36% |
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JPIN vs. HYG - Expense Ratio Comparison
JPIN has a 0.37% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between JPIN and HYG is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
JPIN vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return International Equity ETF (JPIN) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
Dividends
JPIN vs. HYG - Dividend Comparison
JPIN's dividend yield for the trailing twelve months is around 4.74%, less than HYG's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIN J.P. Morgan Diversified Return International Equity ETF | 4.74% | 6.22% | 3.06% | 5.03% | 2.45% | 3.30% | 2.73% | 2.12% | 1.67% | 2.18% | 0.30% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
JPIN vs. HYG - Drawdown Comparison
The maximum JPIN drawdown since its inception was -36.69%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for JPIN and HYG. For additional features, visit the drawdowns tool.
Volatility
JPIN vs. HYG - Volatility Comparison
J.P. Morgan Diversified Return International Equity ETF (JPIN) has a higher volatility of 3.70% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.97%. This indicates that JPIN's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.