XGDU.L vs. JGYH.L

Last updated Jul 16, 2026

XGDU.L (Xtrackers IE Physical Gold ETC Securities) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both exchange-traded funds - XGDU.L is a Gold fund tracking the Gold, while JGYH.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, XGDU.L returned 17.32%/yr vs 3.88%/yr for JGYH.L. At a 0.16 correlation, their price movements are largely independent. XGDU.L charges 0.12%/yr vs 0.35%/yr for JGYH.L.

Performance

XGDU.L vs. JGYH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers IE Physical Gold ETC Securities (XGDU.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XGDU.L achieves a -6.05% return, which is significantly lower than JGYH.L's 2.52% return.

XGDU.L

• 1D: -0.88%
• 1M: -7.01%
• 6M: -12.45%
• YTD: -6.05%
• 1Y: 21.29%
• 3Y*: 27.23%
• 5Y*: 17.32%
• 10Y*: —

JGYH.L

• 1D: 0.68%
• 1M: 0.48%
• 6M: 2.61%
• YTD: 2.52%
• 1Y: 7.88%
• 3Y*: 8.61%
• 5Y*: 3.88%
• 10Y*: —

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

XGDU.L vs. JGYH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XGDU.L Xtrackers IE Physical Gold ETC Securities	-6.05%	64.73%	26.19%	13.45%	-0.09%	-4.08%	10.70%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	2.52%	11.95%	6.12%	10.73%	-10.13%	2.17%	19.16%

Correlation

The correlation between XGDU.L and JGYH.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020	0.16

Return for Risk

XGDU.L vs. JGYH.L — Risk / Return Rank

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

XGDU.L

XGDU.L Risk / Return Rank: 24
XGDU.L Sharpe Ratio Rank: 26
XGDU.L Sortino Ratio Rank: 25
XGDU.L Omega Ratio Rank: 27
XGDU.L Calmar Ratio Rank: 22
XGDU.L Martin Ratio Rank: 22

JGYH.L

JGYH.L Risk / Return Rank: 52
JGYH.L Sharpe Ratio Rank: 46
JGYH.L Sortino Ratio Rank: 48
JGYH.L Omega Ratio Rank: 45
JGYH.L Calmar Ratio Rank: 68
JGYH.L Martin Ratio Rank: 56

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.

XGDU.L vs. JGYH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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.

	XGDU.L	JGYH.L	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.57	-0.77
Sortino ratio: Return per unit of downside risk	1.18	2.29	-1.11
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio: Return relative to maximum drawdown	0.86	2.03	-1.16
Martin ratio: Return relative to average drawdown	2.11	8.91	-6.80

XGDU.L vs. JGYH.L - Sharpe Ratio Comparison

The current XGDU.L Sharpe Ratio is 0.80, which is lower than the JGYH.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of XGDU.L and JGYH.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

XGDU.L vs. JGYH.L - Drawdown Comparison

The maximum XGDU.L drawdown since its inception was -24.55%, smaller than the maximum JGYH.L drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for XGDU.L and JGYH.L.

Drawdown Indicators

	XGDU.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.55%	-38.48%	+13.93%
Max Drawdown (1Y) Largest decline over 1 year	-24.55%	-3.87%	-20.68%
Max Drawdown (3Y) Largest decline over 3 years	-24.55%	-4.54%	-20.01%
Max Drawdown (5Y) Largest decline over 5 years	-24.55%	-18.15%	-6.40%
Current Drawdown Current decline from peak	-23.78%	0.00%	-23.78%
Average Drawdown Average peak-to-trough decline	-7.45%	-16.82%	+9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.06%	0.88%	+9.18%

Volatility

XGDU.L vs. JGYH.L - Volatility Comparison

Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a higher volatility of 7.58% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) at 1.39%. This indicates that XGDU.L's price experiences larger fluctuations and is considered to be riskier than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGDU.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	1.39%	+6.19%
Volatility (6M) Calculated over the trailing 6-month period	23.13%	4.14%	+18.99%
Volatility (1Y) Calculated over the trailing 1-year period	26.47%	5.01%	+21.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	7.28%	+10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	12.65%	+4.81%

XGDU.L vs. JGYH.L - Expense Ratio Comparison

XGDU.L has a 0.12% expense ratio, which is lower than JGYH.L's 0.35% expense ratio.

Dividends

XGDU.L vs. JGYH.L - Dividend Comparison

Neither XGDU.L nor JGYH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XGDU.L and JGYH.L in my portfolio?

XGDU.L and JGYH.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGDU.L or JGYH.L?

On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XGDU.L or JGYH.L?

XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.35% for JGYH.L.

What is the main difference between XGDU.L and JGYH.L?

XGDU.L is categorized as Gold, while JGYH.L is High Yield Bonds. XGDU.L tracks Gold, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.12% for XGDU.L and 0.35% for JGYH.L.