XZHY.DE vs. JGHY.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. XZHY.DE is passively managed, while JGHY.DE is actively managed. Over the past 3 years, XZHY.DE returned 7.16%/yr vs 7.91%/yr for JGHY.DE. Their correlation of 0.85 suggests significant overlap in exposure. XZHY.DE charges 0.25%/yr vs 0.35%/yr for JGHY.DE.
Performance
XZHY.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHY.DE achieves a 4.31% return, which is significantly lower than JGHY.DE's 4.92% return.
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
XZHY.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.31% | -3.17% | 13.38% | 8.40% | -5.88% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -1.79% |
Correlation
The correlation between XZHY.DE and JGHY.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.85 |
The correlation between XZHY.DE and JGHY.DE has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
XZHY.DE vs. JGHY.DE — Risk / Return Rank
XZHY.DE
JGHY.DE
XZHY.DE vs. JGHY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). 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.
| XZHY.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 4.15 | -1.83 |
| Martin ratioReturn relative to average drawdown | 7.69 | 13.75 | -6.06 |
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Drawdowns
XZHY.DE vs. JGHY.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum JGHY.DE drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and JGHY.DE.
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Drawdown Indicators
| XZHY.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -24.72% | +13.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.32% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -10.49% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.49% | — |
Current DrawdownCurrent decline from peak | -1.91% | -0.52% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -6.58% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.70% | +0.24% |
Volatility
XZHY.DE vs. JGHY.DE - Volatility Comparison
Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a higher volatility of 1.48% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that XZHY.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZHY.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.21% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.04% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 4.63% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 6.57% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 8.78% | -1.25% |
XZHY.DE vs. JGHY.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is lower than JGHY.DE's 0.35% expense ratio.
Dividends
XZHY.DE vs. JGHY.DE - Dividend Comparison
Neither XZHY.DE nor JGHY.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHY.DE and JGHY.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for JGHY.DE.
They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.25% for XZHY.DE and 0.35% for JGHY.DE.
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