JPRE vs. HYG
JPRE (JPMorgan Realty Income ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - JPRE is a REIT fund actively managed by JPMorgan, while HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. JPRE is actively managed, while HYG is passively managed. Over the past 3 years, JPRE returned 10.20%/yr vs 8.47%/yr for HYG. A 0.57 correlation means they provide meaningful diversification when combined. JPRE charges 0.50%/yr vs 0.49%/yr for HYG.
Performance
JPRE vs. HYG - Performance Comparison
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Returns By Period
In the year-to-date period, JPRE achieves a 13.29% return, which is significantly higher than HYG's 1.78% return.
JPRE
- 1D
- -0.70%
- 1M
- 3.63%
- YTD
- 13.29%
- 6M
- 12.69%
- 1Y
- 12.70%
- 3Y*
- 10.20%
- 5Y*
- —
- 10Y*
- —
HYG
- 1D
- 0.13%
- 1M
- 1.25%
- YTD
- 1.78%
- 6M
- 2.29%
- 1Y
- 6.95%
- 3Y*
- 8.47%
- 5Y*
- 3.83%
- 10Y*
- 5.03%
JPRE vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 13.29% | 1.36% | 7.43% | 13.41% | -9.60% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.78% | 8.59% | 7.97% | 11.54% | -0.23% |
Correlation
The correlation between JPRE and HYG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.57 |
The correlation between JPRE and HYG shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPRE vs. HYG — Risk / Return Rank
JPRE
HYG
JPRE vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) 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.
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.
| JPRE | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.98 | -1.33 |
| Martin ratioReturn relative to average drawdown | 4.55 | 13.11 | -8.56 |
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Drawdowns
JPRE vs. HYG - Drawdown Comparison
The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for JPRE and HYG.
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Drawdown Indicators
| JPRE | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -34.25% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -2.34% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -4.56% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -3.24% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 0.53% | +2.27% |
Volatility
JPRE vs. HYG - Volatility Comparison
JPMorgan Realty Income ETF (JPRE) has a higher volatility of 5.15% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.31%. This indicates that JPRE'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.
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Volatility by Period
| JPRE | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 1.31% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 3.08% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 3.87% | +9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 7.53% | +10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 8.29% | +10.00% |
JPRE vs. HYG - Expense Ratio Comparison
JPRE has a 0.50% expense ratio, which is higher than HYG's 0.49% expense ratio.
Dividends
JPRE vs. HYG - Dividend Comparison
JPRE's dividend yield for the trailing twelve months is around 2.20%, less than HYG's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
JPRE JPMorgan Realty Income ETF | 2.20% | 2.62% | 2.21% | 3.26% | 10.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPRE and HYG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPRE has higher volatility (5.15%) compared to HYG (1.31%). In terms of maximum drawdown, JPRE dropped -23.84% vs HYG's -34.25%.
On 3-year performance, JPRE leads with 10.20% vs 8.47% for HYG. On fees, HYG is cheaper at 0.49% per year. On volatility, HYG has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPRE has performed better with a 10.20% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYG is cheaper with a 0.49% expense ratio, compared with 0.50% for JPRE.
HYG has the higher dividend yield at 5.89%, compared with 2.20% for JPRE.
JPRE is categorized as REIT, while HYG is High Yield Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for JPRE and 0.49% for HYG.
HYG currently has the higher Sharpe Ratio (1.81 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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