JRUB.L vs. HYEM.L
JRUB.L (JPM USD IG Corporate Bond Active UCITS ETF USD (Acc)) and HYEM.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - JRUB.L is a Corporate Bonds fund actively managed by JPMorgan, while HYEM.L is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. JRUB.L is actively managed, while HYEM.L is passively managed. Over the past 5 years, JRUB.L returned 0.07%/yr vs 2.77%/yr for HYEM.L. At a 0.28 correlation, their price movements are largely independent. JRUB.L charges 0.19%/yr vs 0.40%/yr for HYEM.L.
Performance
JRUB.L vs. HYEM.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUB.L achieves a 0.02% return, which is significantly lower than HYEM.L's 3.56% return.
JRUB.L
- 1D
- 0.04%
- 1M
- -0.73%
- 6M
- 0.07%
- YTD
- 0.02%
- 1Y
- 4.63%
- 3Y*
- 4.78%
- 5Y*
- 0.07%
- 10Y*
- —
HYEM.L
- 1D
- -0.01%
- 1M
- -0.27%
- 6M
- 2.87%
- YTD
- 3.56%
- 1Y
- 7.93%
- 3Y*
- 9.90%
- 5Y*
- 2.77%
- 10Y*
- —
JRUB.L vs. HYEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JRUB.L JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) | 0.02% | 7.75% | 2.40% | 8.23% | -15.55% | -1.77% | 9.19% | 15.37% | 0.75% |
HYEM.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.56% | 8.98% | 11.89% | 7.56% | -12.87% | -0.65% | 5.46% | 14.61% | -0.22% |
Correlation
The correlation between JRUB.L and HYEM.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 | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2018 | 0.28 |
The correlation between JRUB.L and HYEM.L shifts across timeframes, from 0.23 (1 year) to 0.36 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JRUB.L vs. HYEM.L — Risk / Return Rank
JRUB.L
HYEM.L
JRUB.L vs. HYEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) (JRUB.L) and VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYEM.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.
| JRUB.L | HYEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.69 | -1.15 |
| Martin ratioReturn relative to average drawdown | 4.48 | 10.12 | -5.65 |
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Drawdowns
JRUB.L vs. HYEM.L - Drawdown Comparison
The maximum JRUB.L drawdown since its inception was -22.30%, smaller than the maximum HYEM.L drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for JRUB.L and HYEM.L.
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Drawdown Indicators
| JRUB.L | HYEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -27.28% | +4.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.94% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -4.27% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.16% | -27.28% | +5.12% |
Current DrawdownCurrent decline from peak | -1.45% | -0.39% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -5.09% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.78% | +0.25% |
Volatility
JRUB.L vs. HYEM.L - Volatility Comparison
The current volatility for JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) (JRUB.L) is 0.95%, while VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYEM.L) has a volatility of 1.12%. This indicates that JRUB.L experiences smaller price fluctuations and is considered to be less risky than HYEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUB.L | HYEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.12% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 4.12% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 4.94% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 6.98% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 7.23% | +0.59% |
JRUB.L vs. HYEM.L - Expense Ratio Comparison
JRUB.L has a 0.19% expense ratio, which is lower than HYEM.L's 0.40% expense ratio.
Dividends
JRUB.L vs. HYEM.L - Dividend Comparison
Neither JRUB.L nor HYEM.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYEM.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
JRUB.L JPM USD IG Corporate Bond Active UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRUB.L and HYEM.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.
On fees, JRUB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRUB.L is cheaper with a 0.19% expense ratio, compared with 0.40% for HYEM.L.
JRUB.L is categorized as Corporate Bonds, while HYEM.L is Emerging Markets Bonds. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.19% for JRUB.L and 0.40% for HYEM.L.
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