TAHY.L vs. JGHY.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) and JGHY.L (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc)) are both High Yield Bonds funds. TAHY.L is passively managed, while JGHY.L is actively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 8.46%/yr for JGHY.L. At a 0.22 correlation, their price movements are largely independent. TAHY.L charges 0.60%/yr vs 0.35%/yr for JGHY.L.
Performance
TAHY.L vs. JGHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, TAHY.L achieves a 3.88% return, which is significantly higher than JGHY.L's 2.10% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
JGHY.L
- 1D
- 0.00%
- 1M
- -0.04%
- 6M
- 2.09%
- YTD
- 2.10%
- 1Y
- 7.30%
- 3Y*
- 8.46%
- 5Y*
- 3.74%
- 10Y*
- —
TAHY.L vs. JGHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
JGHY.L JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) | 2.10% | 11.61% | 6.10% | 11.41% | -10.11% | -1.18% |
Correlation
The correlation between TAHY.L and JGHY.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.22 |
The correlation between TAHY.L and JGHY.L shifts across timeframes, from 0.11 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAHY.L vs. JGHY.L — Risk / Return Rank
TAHY.L
JGHY.L
TAHY.L vs. JGHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) (JGHY.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.
| TAHY.L | JGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.19 | +0.40 |
| Martin ratioReturn relative to average drawdown | 7.38 | 9.31 | -1.93 |
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Drawdowns
TAHY.L vs. JGHY.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than JGHY.L's maximum drawdown of -20.47%. Use the drawdown chart below to compare losses from any high point for TAHY.L and JGHY.L.
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Drawdown Indicators
| TAHY.L | JGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -20.47% | -31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -3.33% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -9.81% | -4.31% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.54% | — |
Current DrawdownCurrent decline from peak | -17.10% | -0.19% | -16.91% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -3.78% | -23.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.78% | +0.13% |
Volatility
TAHY.L vs. JGHY.L - Volatility Comparison
Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) has a higher volatility of 1.07% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD (Acc) (JGHY.L) at 0.95%. This indicates that TAHY.L's price experiences larger fluctuations and is considered to be riskier than JGHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAHY.L | JGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.95% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 3.50% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.21% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 6.55% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 8.41% | +4.68% |
TAHY.L vs. JGHY.L - Expense Ratio Comparison
TAHY.L has a 0.60% expense ratio, which is higher than JGHY.L's 0.35% expense ratio.
Dividends
TAHY.L vs. JGHY.L - Dividend Comparison
Neither TAHY.L nor JGHY.L has paid dividends to shareholders.
Frequently Asked Questions
TAHY.L and JGHY.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGHY.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.L is cheaper with a 0.35% expense ratio, compared with 0.60% for TAHY.L.
They also come from different issuers: Janus Henderson and JPMorgan. Their fees differ too: 0.60% for TAHY.L and 0.35% for JGHY.L.
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