SHYU.L vs. JRBU.L

Last updated Jun 25, 2026

SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) and JRBU.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 JRBU.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 1.61%/yr for JRBU.L. A 0.72 correlation means they provide meaningful diversification when combined. SHYU.L charges 0.50%/yr vs 0.19%/yr for JRBU.L.

Performance

SHYU.L vs. JRBU.L - Performance Comparison

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

Returns By Period

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

JRBU.L

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

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
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%

Correlation

The correlation between SHYU.L and JRBU.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 SHYU.L and JRBU.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

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

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

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

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

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.

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

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

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

SHYU.L vs. JRBU.L - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

SHYU.L vs. JRBU.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 (JRBU.L) has a volatility of 1.76%. This indicates that SHYU.L experiences smaller price fluctuations and is considered to be less risky than JRBU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

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

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

Dividends

SHYU.L vs. JRBU.L - Dividend Comparison

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

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 SHYU.L and JRBU.L in my portfolio?

SHYU.L and JRBU.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, SHYU.L or JRBU.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, SHYU.L or JRBU.L?

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

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

SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index, while JRBU.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 JRBU.L.