JRBU.L vs. SHYU.L

Last updated Jun 25, 2026

JRBU.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both Corporate Bonds funds - JRBU.L tracks the Bloomberg US Corp Bond TR USD while SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 5 years, JRBU.L returned 1.61%/yr vs 5.04%/yr for SHYU.L. A 0.72 correlation means they provide meaningful diversification when combined. JRBU.L charges 0.19%/yr vs 0.50%/yr for SHYU.L.

Performance

JRBU.L vs. SHYU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBU.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRBU.L achieves a 3.28% return, which is significantly lower than SHYU.L's 3.70% return.

JRBU.L

• 1D: 0.76%
• 1M: 3.60%
• YTD: 3.28%
• 6M: 4.03%
• 1Y: 9.24%
• 3Y*: 4.14%
• 5Y*: 1.61%
• 10Y*: —

SHYU.L

• 1D: 0.39%
• 1M: 2.85%
• YTD: 3.70%
• 6M: 4.61%
• 1Y: 9.88%
• 3Y*: 7.35%
• 5Y*: 5.04%
• 10Y*: 5.50%

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

JRBU.L vs. SHYU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JRBU.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	3.28%	0.49%	3.98%	2.31%	-5.58%	-0.42%	5.50%	10.97%	-20.61%
SHYU.L iShares $ High Yield Corp Bond UCITS ETF	3.70%	1.93%	8.55%	4.73%	2.04%	4.96%	1.60%	9.12%	-2.32%

Correlation

The correlation between JRBU.L and SHYU.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018	0.72

The correlation between JRBU.L and SHYU.L shifts across timeframes, from 0.72 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JRBU.L vs. SHYU.L — Risk / Return Rank

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

JRBU.L

JRBU.L Risk / Return Rank: 47
JRBU.L Sharpe Ratio Rank: 50
JRBU.L Sortino Ratio Rank: 56
JRBU.L Omega Ratio Rank: 47
JRBU.L Calmar Ratio Rank: 45
JRBU.L Martin Ratio Rank: 36

SHYU.L

SHYU.L Risk / Return Rank: 59
SHYU.L Sharpe Ratio Rank: 57
SHYU.L Sortino Ratio Rank: 63
SHYU.L Omega Ratio Rank: 56
SHYU.L Calmar Ratio Rank: 63
SHYU.L Martin Ratio Rank: 56

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.

JRBU.L vs. SHYU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBU.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.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.

	JRBU.L	SHYU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.70	-0.20
Sortino ratio: Return per unit of downside risk	2.31	2.56	-0.25
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	1.99	2.76	-0.78
Martin ratio: Return relative to average drawdown	4.91	8.64	-3.73

JRBU.L vs. SHYU.L - Sharpe Ratio Comparison

The current JRBU.L Sharpe Ratio is 1.50, which is comparable to the SHYU.L Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of JRBU.L and SHYU.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

JRBU.L vs. SHYU.L - Drawdown Comparison

The maximum JRBU.L drawdown since its inception was -22.42%, smaller than the maximum SHYU.L drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for JRBU.L and SHYU.L.

Drawdown Indicators

	JRBU.L	SHYU.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	-38.05%	+15.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-3.56%	-1.07%
Max Drawdown (3Y) Largest decline over 3 years	-8.72%	-9.06%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-12.81%	-10.47%	-2.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.00%	—
Current Drawdown Current decline from peak	-3.74%	0.00%	-3.74%
Average Drawdown Average peak-to-trough decline	-10.24%	-8.90%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.14%	+0.74%

Volatility

JRBU.L vs. SHYU.L - Volatility Comparison

JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBU.L) has a higher volatility of 1.76% compared to iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) at 1.51%. This indicates that JRBU.L's price experiences larger fluctuations and is considered to be riskier than SHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRBU.L	SHYU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	1.51%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	4.64%	4.21%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	6.18%	5.83%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.06%	7.83%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.40%	9.36%	+3.04%

JRBU.L vs. SHYU.L - Expense Ratio Comparison

JRBU.L has a 0.19% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.

Dividends

JRBU.L vs. SHYU.L - Dividend Comparison

JRBU.L has not paid dividends to shareholders, while SHYU.L's dividend yield for the trailing twelve months is around 6.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRBU.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHYU.L iShares $ High Yield Corp Bond UCITS ETF	6.15%	6.25%	6.32%	5.76%	4.82%	4.27%	5.16%	5.58%	5.52%	5.74%	5.16%	5.87%

Frequently Asked Questions

Can I hold both JRBU.L and SHYU.L in my portfolio?

JRBU.L and SHYU.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRBU.L or SHYU.L?

On fees, JRBU.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, JRBU.L or SHYU.L?

JRBU.L is cheaper with a 0.19% expense ratio, compared with 0.50% for SHYU.L.

What is the main difference between JRBU.L and SHYU.L?

JRBU.L tracks Bloomberg US Corp Bond TR USD, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JRBU.L and 0.50% for SHYU.L.