WING.L vs. JHYU.L
WING.L (iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)) and JHYU.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)) are both High Yield Bonds funds - WING.L tracks the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) while JHYU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, WING.L returned 2.41%/yr vs 4.23%/yr for JHYU.L. A 0.74 correlation means they provide meaningful diversification when combined. WING.L charges 0.50%/yr vs 0.35%/yr for JHYU.L.
Performance
WING.L vs. JHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, WING.L achieves a 0.95% return, which is significantly lower than JHYU.L's 3.06% return.
WING.L
- 1D
- 0.37%
- 1M
- 0.04%
- 6M
- 0.95%
- YTD
- 0.95%
- 1Y
- 5.80%
- 3Y*
- 7.44%
- 5Y*
- 2.41%
- 10Y*
- 5.62%
JHYU.L
- 1D
- 0.36%
- 1M
- 0.38%
- 6M
- 2.67%
- YTD
- 3.06%
- 1Y
- 8.27%
- 3Y*
- 9.49%
- 5Y*
- 4.23%
- 10Y*
- —
WING.L vs. JHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 0.95% | 12.63% | 2.89% | 12.92% | -14.36% | 2.26% | 22.45% |
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 3.06% | 9.40% | 7.94% | 10.74% | -8.74% | 3.38% | 15.54% |
Correlation
The correlation between WING.L and JHYU.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 13, 2020 | 0.74 |
The correlation between WING.L and JHYU.L shifts across timeframes, from 0.55 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WING.L vs. JHYU.L — Risk / Return Rank
WING.L
JHYU.L
WING.L vs. JHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.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.
| WING.L | JHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.22 | -1.94 |
| Martin ratioReturn relative to average drawdown | 5.06 | 13.81 | -8.75 |
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Drawdowns
WING.L vs. JHYU.L - Drawdown Comparison
The maximum WING.L drawdown since its inception was -25.18%, which is greater than JHYU.L's maximum drawdown of -14.48%. Use the drawdown chart below to compare losses from any high point for WING.L and JHYU.L.
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Drawdown Indicators
| WING.L | JHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.18% | -14.48% | -10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -2.56% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -4.70% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -14.48% | -7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -0.02% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -2.58% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.60% | +0.51% |
Volatility
WING.L vs. JHYU.L - Volatility Comparison
iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) has a higher volatility of 1.58% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) (JHYU.L) at 0.57%. This indicates that WING.L's price experiences larger fluctuations and is considered to be riskier than JHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WING.L | JHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.57% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 2.65% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 3.59% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 5.73% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 5.72% | +3.37% |
WING.L vs. JHYU.L - Expense Ratio Comparison
WING.L has a 0.50% expense ratio, which is higher than JHYU.L's 0.35% expense ratio.
Dividends
WING.L vs. JHYU.L - Dividend Comparison
WING.L's dividend yield for the trailing twelve months is around 5.71%, while JHYU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JHYU.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 5.71% | 5.67% | 5.86% | 5.20% | 4.43% | 3.92% | 4.25% | 4.56% | 4.98% | 4.44% | 2.11% |
Frequently Asked Questions
WING.L and JHYU.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYU.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYU.L is cheaper with a 0.35% expense ratio, compared with 0.50% for WING.L.
WING.L tracks iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), while JHYU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.50% for WING.L and 0.35% for JHYU.L.
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