SSHY.L vs. JEPIX

Last updated Jun 4, 2026

SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and JEPIX (JPMorgan Equity Premium Income Fund Class I) are both funds - SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while JEPIX is a Derivative Income fund managed by JPMorgan. Over the past 5 years, SSHY.L returned 6.15%/yr vs 8.14%/yr for JEPIX. A 0.52 correlation means they provide meaningful diversification when combined. SSHY.L charges 0.55%/yr vs 0.63%/yr for JEPIX.

Performance

SSHY.L vs. JEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and JPMorgan Equity Premium Income Fund Class I (JEPIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SSHY.L achieves a 1.08% return, which is significantly higher than JEPIX's 0.06% return.

SSHY.L

• 1D: -0.14%
• 1M: 1.04%
• YTD: 1.08%
• 6M: 0.93%
• 1Y: 7.59%
• 3Y*: 5.92%
• 5Y*: 6.15%
• 10Y*: 6.34%

JEPIX

• 1D: -0.06%
• 1M: -1.11%
• YTD: 0.06%
• 6M: -0.47%
• 1Y: 7.91%
• 3Y*: 5.86%
• 5Y*: 8.14%
• 10Y*: —

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

SSHY.L vs. JEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	1.08%	1.40%	10.17%	5.51%	6.56%	5.70%	0.33%	6.66%	-2.84%
JEPIX JPMorgan Equity Premium Income Fund Class I	0.06%	0.14%	14.39%	4.20%	7.62%	20.49%	2.91%	12.01%	-9.24%

Correlation

The correlation between SSHY.L and JEPIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.52

The correlation between SSHY.L and JEPIX has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

SSHY.L vs. JEPIX — Risk / Return Rank

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

SSHY.L

SSHY.L Risk / Return Rank: 40
SSHY.L Sharpe Ratio Rank: 38
SSHY.L Sortino Ratio Rank: 40
SSHY.L Omega Ratio Rank: 37
SSHY.L Calmar Ratio Rank: 44
SSHY.L Martin Ratio Rank: 41

JEPIX

JEPIX Risk / Return Rank: 12
JEPIX Sharpe Ratio Rank: 12
JEPIX Sortino Ratio Rank: 12
JEPIX Omega Ratio Rank: 12
JEPIX Calmar Ratio Rank: 10
JEPIX Martin Ratio Rank: 11

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.

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

This table presents a comparison of risk-adjusted performance metrics for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and JPMorgan Equity Premium Income Fund Class I (JEPIX). 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.

	SSHY.L	JEPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.91	+0.48
Sortino ratio: Return per unit of downside risk	2.06	1.33	+0.73
Omega ratio: Gain probability vs. loss probability	1.25	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	2.16	1.35	+0.81
Martin ratio: Return relative to average drawdown	6.64	3.64	+3.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSHY.L vs. JEPIX - Sharpe Ratio Comparison

The current SSHY.L Sharpe Ratio is 1.39, which is higher than the JEPIX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of SSHY.L and JEPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSHY.L	JEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	0.91	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.69	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.42	+0.18

Drawdowns

SSHY.L vs. JEPIX - Drawdown Comparison

The maximum SSHY.L drawdown since its inception was -15.94%, smaller than the maximum JEPIX drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for SSHY.L and JEPIX.

Drawdown Indicators

	SSHY.L	JEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.94%	-24.70%	+8.76%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-6.22%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-9.91%	-16.90%	+6.99%
Max Drawdown (5Y) Largest decline over 5 years	-10.24%	-16.90%	+6.66%
Max Drawdown (10Y) Largest decline over 10 years	-15.94%	—	—
Current Drawdown Current decline from peak	-1.31%	-5.22%	+3.91%
Average Drawdown Average peak-to-trough decline	-4.30%	-3.82%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	2.30%	-1.12%

Volatility

SSHY.L vs. JEPIX - Volatility Comparison

The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) is 1.58%, while JPMorgan Equity Premium Income Fund Class I (JEPIX) has a volatility of 2.26%. This indicates that SSHY.L experiences smaller price fluctuations and is considered to be less risky than JEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSHY.L	JEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	2.26%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	4.03%	7.05%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	5.68%	9.21%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.58%	11.93%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.16%	15.45%	-6.29%

SSHY.L vs. JEPIX - Expense Ratio Comparison

SSHY.L has a 0.55% expense ratio, which is lower than JEPIX's 0.63% expense ratio.

Dividends

SSHY.L vs. JEPIX - Dividend Comparison

SSHY.L's dividend yield for the trailing twelve months is around 7.10%, less than JEPIX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEPIX JPMorgan Equity Premium Income Fund Class I	8.17%	8.12%	7.20%	8.42%	12.24%	6.15%	11.59%	3.91%	0.00%	0.00%	0.00%	0.00%
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	7.10%	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 SSHY.L and JEPIX in my portfolio?

SSHY.L and JEPIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.