JREU.L vs. SSHY.L

Last updated Jun 26, 2026

JREU.L (JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)) and SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both exchange-traded funds - JREU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, JREU.L returned 12.75%/yr vs 5.11%/yr for SSHY.L. At a 0.37 correlation, their price movements are largely independent. JREU.L charges 0.20%/yr vs 0.55%/yr for SSHY.L.

Performance

JREU.L vs. SSHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, JREU.L achieves a 6.81% return, which is significantly higher than SSHY.L's 1.23% return.

JREU.L

• 1D: -0.77%
• 1M: -1.74%
• YTD: 6.81%
• 6M: 6.59%
• 1Y: 21.21%
• 3Y*: 20.14%
• 5Y*: 12.75%
• 10Y*: —

SSHY.L

• 1D: -0.40%
• 1M: 0.09%
• YTD: 1.23%
• 6M: 1.43%
• 1Y: 5.88%
• 3Y*: 8.68%
• 5Y*: 5.11%
• 10Y*: 5.58%

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

JREU.L vs. SSHY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)	6.81%	16.31%	25.12%	28.35%	-18.91%	30.58%	19.61%	30.54%	-9.47%
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	1.23%	9.05%	8.34%	11.06%	-4.83%	4.75%	3.40%	10.94%	-3.63%

Correlation

The correlation between JREU.L and SSHY.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Oct 10, 2018	0.37

The correlation between JREU.L and SSHY.L shifts across timeframes, from 0.23 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JREU.L vs. SSHY.L — Risk / Return Rank

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

JREU.L

JREU.L Risk / Return Rank: 62
JREU.L Sharpe Ratio Rank: 61
JREU.L Sortino Ratio Rank: 67
JREU.L Omega Ratio Rank: 59
JREU.L Calmar Ratio Rank: 58
JREU.L Martin Ratio Rank: 67

SSHY.L

SSHY.L Risk / Return Rank: 57
SSHY.L Sharpe Ratio Rank: 57
SSHY.L Sortino Ratio Rank: 61
SSHY.L Omega Ratio Rank: 54
SSHY.L Calmar Ratio Rank: 62
SSHY.L Martin Ratio Rank: 53

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.

JREU.L vs. SSHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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.

	JREU.L	SSHY.L	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.22	+0.56
Sortino ratio: Return per unit of downside risk	2.67	1.81	+0.87
Omega ratio: Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio: Return relative to maximum drawdown	2.51	2.27	+0.24
Martin ratio: Return relative to average drawdown	10.71	9.55	+1.16

JREU.L vs. SSHY.L - Sharpe Ratio Comparison

The current JREU.L Sharpe Ratio is 1.78, which is higher than the SSHY.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of JREU.L and SSHY.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

JREU.L vs. SSHY.L - Drawdown Comparison

The maximum JREU.L drawdown since its inception was -34.56%, smaller than the maximum SSHY.L drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for JREU.L and SSHY.L.

Drawdown Indicators

	JREU.L	SSHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.56%	-41.58%	+7.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	-2.58%	-5.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.60%	-5.07%	-13.53%
Max Drawdown (5Y) Largest decline over 5 years	-24.31%	-9.73%	-14.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.77%	—
Current Drawdown Current decline from peak	-3.05%	-0.51%	-2.54%
Average Drawdown Average peak-to-trough decline	-4.93%	-18.99%	+14.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	0.61%	+1.37%

Volatility

JREU.L vs. SSHY.L - Volatility Comparison

JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc) (JREU.L) has a higher volatility of 3.96% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) at 1.78%. This indicates that JREU.L's price experiences larger fluctuations and is considered to be riskier than SSHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREU.L	SSHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	1.78%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	3.91%	+5.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	4.82%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	6.66%	+9.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.78%	7.42%	+10.36%

JREU.L vs. SSHY.L - Expense Ratio Comparison

JREU.L has a 0.20% expense ratio, which is lower than SSHY.L's 0.55% expense ratio.

Dividends

JREU.L vs. SSHY.L - Dividend Comparison

JREU.L has not paid dividends to shareholders, while SSHY.L's dividend yield for the trailing twelve months is around 6.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JREU.L JPMorgan US Research Enhanced Index Equity UCITS ETF - USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	6.89%	7.33%	7.48%	6.52%	4.86%	4.47%	5.24%	5.27%	5.10%	5.48%	4.92%	5.11%

Frequently Asked Questions

Can I hold both JREU.L and SSHY.L in my portfolio?

JREU.L and SSHY.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JREU.L or SSHY.L?

On fees, JREU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JREU.L or SSHY.L?

JREU.L is cheaper with a 0.20% expense ratio, compared with 0.55% for SSHY.L.

What is the main difference between JREU.L and SSHY.L?

JREU.L is categorized as Large Cap Blend Equities, while SSHY.L is High Yield Bonds. JREU.L tracks Russell 1000 TR USD, while SSHY.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.20% for JREU.L and 0.55% for SSHY.L.