JRUP.L vs. HYGB.L
JRUP.L (JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) and HYGB.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - JRUP.L is a Corporate Bonds fund actively managed by JPMorgan, while HYGB.L is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. JRUP.L is actively managed, while HYGB.L is passively managed. Over the past 3 years, JRUP.L returned 4.65%/yr vs 8.68%/yr for HYGB.L. At a correlation of -0.10, they often move in opposite directions. JRUP.L charges 0.19%/yr vs 0.40%/yr for HYGB.L.
Performance
JRUP.L vs. HYGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRUP.L achieves a -0.08% return, which is significantly lower than HYGB.L's 3.73% return.
JRUP.L
- 1D
- -0.01%
- 1M
- -0.77%
- 6M
- -0.01%
- YTD
- -0.08%
- 1Y
- 4.38%
- 3Y*
- 4.65%
- 5Y*
- —
- 10Y*
- —
HYGB.L
- 1D
- 0.36%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 3.73%
- 1Y
- 7.76%
- 3Y*
- 8.68%
- 5Y*
- 3.29%
- 10Y*
- —
JRUP.L vs. HYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRUP.L JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | -0.08% | 7.47% | 2.11% | 7.12% | -14.19% |
HYGB.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) | 3.73% | 1.56% | 13.72% | 1.66% | 2.08% |
Correlation
The correlation between JRUP.L and HYGB.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | -0.10 |
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Return for Risk
JRUP.L vs. HYGB.L — Risk / Return Rank
JRUP.L
HYGB.L
JRUP.L vs. HYGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JRUP.L) and VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.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.
| JRUP.L | HYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.33 | -0.75 |
| Martin ratioReturn relative to average drawdown | 4.66 | 5.93 | -1.27 |
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Drawdowns
JRUP.L vs. HYGB.L - Drawdown Comparison
The maximum JRUP.L drawdown since its inception was -19.44%, smaller than the maximum HYGB.L drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for JRUP.L and HYGB.L.
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Drawdown Indicators
| JRUP.L | HYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -26.72% | +7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -3.31% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.20% | -8.96% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.02% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.93% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -14.28% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.30% | -0.28% |
Volatility
JRUP.L vs. HYGB.L - Volatility Comparison
The current volatility for JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JRUP.L) is 1.01%, while VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) has a volatility of 1.48%. This indicates that JRUP.L experiences smaller price fluctuations and is considered to be less risky than HYGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUP.L | HYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.48% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 4.96% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 6.52% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 18.18% | -10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 17.40% | -9.59% |
JRUP.L vs. HYGB.L - Expense Ratio Comparison
JRUP.L has a 0.19% expense ratio, which is lower than HYGB.L's 0.40% expense ratio.
Dividends
JRUP.L vs. HYGB.L - Dividend Comparison
Neither JRUP.L nor HYGB.L has paid dividends to shareholders.
Frequently Asked Questions
JRUP.L and HYGB.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRUP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRUP.L is cheaper with a 0.19% expense ratio, compared with 0.40% for HYGB.L.
JRUP.L is categorized as Corporate Bonds, while HYGB.L is Emerging Markets Bonds. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.19% for JRUP.L and 0.40% for HYGB.L.
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