WIGG.L vs. JHYP.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) are both High Yield Bonds funds tracking the ICE BofA Gbl HY Constnd TR HGBP, from iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, WIGG.L returned 2.72%/yr vs 3.69%/yr for JHYP.L. Their correlation of 0.81 suggests significant overlap in exposure. WIGG.L charges 0.55%/yr vs 0.35%/yr for JHYP.L.
Performance
WIGG.L vs. JHYP.L - Performance Comparison
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Returns By Period
In the year-to-date period, WIGG.L achieves a 1.47% return, which is significantly lower than JHYP.L's 2.14% return.
WIGG.L
- 1D
- 0.13%
- 1M
- 0.90%
- YTD
- 1.47%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 7.62%
- 5Y*
- 2.72%
- 10Y*
- —
JHYP.L
- 1D
- 0.13%
- 1M
- 0.65%
- YTD
- 2.14%
- 6M
- 2.89%
- 1Y
- 8.43%
- 3Y*
- 8.74%
- 5Y*
- 3.69%
- 10Y*
- —
WIGG.L vs. JHYP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.47% | 8.82% | 4.80% | 11.01% | -12.90% | 4.06% | 18.27% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 2.14% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
Correlation
The correlation between WIGG.L and JHYP.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.81 |
The correlation between WIGG.L and JHYP.L shifts across timeframes, from 0.64 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WIGG.L vs. JHYP.L — Risk / Return Rank
WIGG.L
JHYP.L
WIGG.L vs. JHYP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.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.
| WIGG.L | JHYP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.41 | -1.28 |
| Martin ratioReturn relative to average drawdown | 8.95 | 14.15 | -5.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WIGG.L | JHYP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.05 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.66 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.01 | -0.37 |
Drawdowns
WIGG.L vs. JHYP.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.44%, which is greater than JHYP.L's maximum drawdown of -15.44%. Use the drawdown chart below to compare losses from any high point for WIGG.L and JHYP.L.
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Drawdown Indicators
| WIGG.L | JHYP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -15.44% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -2.46% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -4.58% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -15.44% | -1.91% |
Current DrawdownCurrent decline from peak | -0.10% | -0.03% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -3.22% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.59% | +0.25% |
Volatility
WIGG.L vs. JHYP.L - Volatility Comparison
iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) has a higher volatility of 1.30% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) at 1.06%. This indicates that WIGG.L's price experiences larger fluctuations and is considered to be riskier than JHYP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIGG.L | JHYP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.06% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.73% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 4.10% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 5.62% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 5.68% | +1.76% |
WIGG.L vs. JHYP.L - Expense Ratio Comparison
WIGG.L has a 0.55% expense ratio, which is higher than JHYP.L's 0.35% expense ratio.
Dividends
WIGG.L vs. JHYP.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 6.92%, more than JHYP.L's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.97% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% | 0.00% | 0.00% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 6.92% | 5.58% | 5.74% | 5.08% | 4.47% | 3.89% | 4.24% | 4.53% | 3.28% |
Frequently Asked Questions
WIGG.L and JHYP.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYP.L is cheaper with a 0.35% expense ratio, compared with 0.55% for WIGG.L.
Both ETFs track ICE BofA Gbl HY Constnd TR HGBP. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.55% for WIGG.L and 0.35% for JHYP.L.
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