SHYU.L vs. JIBG.L
SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both Corporate Bonds funds - SHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index while JIBG.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SHYU.L returned 5.04%/yr vs 1.59%/yr for JIBG.L. A 0.76 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.19%/yr for JIBG.L.
Performance
SHYU.L vs. JIBG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SHYU.L achieves a 3.70% return, which is significantly higher than JIBG.L's 3.34% return.
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%
JIBG.L
- 1D
- 0.78%
- 1M
- 3.64%
- YTD
- 3.34%
- 6M
- 4.08%
- 1Y
- 9.29%
- 3Y*
- 4.15%
- 5Y*
- 1.59%
- 10Y*
- —
SHYU.L vs. JIBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 3.70% | 1.93% | 8.55% | 4.73% | 2.04% | 4.96% | 0.39% |
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 3.34% | 0.49% | 3.97% | 2.30% | -5.70% | -0.65% | -24.58% |
Correlation
The correlation between SHYU.L and JIBG.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020 | 0.76 |
The correlation between SHYU.L and JIBG.L has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
SHYU.L vs. JIBG.L — Risk / Return Rank
SHYU.L
JIBG.L
SHYU.L vs. JIBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) and JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.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.
| SHYU.L | JIBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.99 | +0.77 |
| Martin ratioReturn relative to average drawdown | 8.64 | 4.99 | +3.65 |
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Drawdowns
SHYU.L vs. JIBG.L - Drawdown Comparison
The maximum SHYU.L drawdown since its inception was -38.05%, which is greater than JIBG.L's maximum drawdown of -33.28%. Use the drawdown chart below to compare losses from any high point for SHYU.L and JIBG.L.
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Drawdown Indicators
| SHYU.L | JIBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -33.28% | -4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -4.64% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -9.06% | -8.67% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -10.47% | -12.77% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -15.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.33% | +22.33% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -27.41% | +18.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.86% | -0.72% |
Volatility
SHYU.L vs. JIBG.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) is 1.51%, while JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) has a volatility of 1.77%. This indicates that SHYU.L experiences smaller price fluctuations and is considered to be less risky than JIBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYU.L | JIBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.77% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 4.56% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 6.11% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 8.96% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 13.01% | -3.65% |
SHYU.L vs. JIBG.L - Expense Ratio Comparison
SHYU.L has a 0.50% expense ratio, which is higher than JIBG.L's 0.19% expense ratio.
Dividends
SHYU.L vs. JIBG.L - Dividend Comparison
SHYU.L's dividend yield for the trailing twelve months is around 6.15%, more than JIBG.L's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 5.13% | 4.93% | 5.37% | 4.10% | 3.94% | 6.87% | 0.10% | 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
SHYU.L and JIBG.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JIBG.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JIBG.L is cheaper with a 0.19% expense ratio, compared with 0.50% for SHYU.L.
SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while JIBG.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for SHYU.L and 0.19% for JIBG.L.
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