FAHY.L vs. JNKS.L
FAHY.L (Invesco US High Yield Fallen Angels UCITS ETF Dist) and JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from Invesco and State Street respectively. Both are passively managed. Over the past 5 years, FAHY.L returned 3.70%/yr vs 5.27%/yr for JNKS.L. Their correlation of 0.89 suggests significant overlap in exposure. FAHY.L charges 0.45%/yr vs 0.30%/yr for JNKS.L.
Performance
FAHY.L vs. JNKS.L - Performance Comparison
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Different Trading Currencies
FAHY.L is traded in GBp, while JNKS.L is traded in GBP. To make them comparable, the JNKS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FAHY.L achieves a 0.89% return, which is significantly lower than JNKS.L's 1.56% return.
FAHY.L
- 1D
- 0.30%
- 1M
- 1.23%
- YTD
- 0.89%
- 6M
- -0.21%
- 1Y
- 8.81%
- 3Y*
- 5.13%
- 5Y*
- 3.70%
- 10Y*
- —
JNKS.L
- 1D
- 0.26%
- 1M
- 1.60%
- YTD
- 1.56%
- 6M
- 1.26%
- 1Y
- 7.49%
- 3Y*
- 6.17%
- 5Y*
- 5.27%
- 10Y*
- 5.75%
FAHY.L vs. JNKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 0.89% | 2.08% | 6.93% | 4.14% | -3.51% | 6.81% | 5.36% | 9.22% | 0.08% | -0.79% |
JNKS.L SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD | 1.56% | 0.31% | 11.61% | 6.25% | 0.20% | 6.02% | 1.64% | 6.18% | 5.43% | -4.16% |
Correlation
The correlation between FAHY.L and JNKS.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2016 | 0.89 |
The correlation between FAHY.L and JNKS.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
FAHY.L vs. JNKS.L — Risk / Return Rank
FAHY.L
JNKS.L
FAHY.L vs. JNKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.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.
| FAHY.L | JNKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.98 | +0.26 |
| Martin ratioReturn relative to average drawdown | 5.82 | 5.20 | +0.62 |
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
| FAHY.L | JNKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.25 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.67 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.64 | -0.21 |
Drawdowns
FAHY.L vs. JNKS.L - Drawdown Comparison
The maximum FAHY.L drawdown since its inception was -23.91%, which is greater than JNKS.L's maximum drawdown of -14.18%. Use the drawdown chart below to compare losses from any high point for FAHY.L and JNKS.L.
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Drawdown Indicators
| FAHY.L | JNKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -14.18% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -3.78% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.89% | -10.35% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -10.35% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.18% | — |
Current DrawdownCurrent decline from peak | -0.91% | -1.74% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -3.66% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.44% | +0.09% |
Volatility
FAHY.L vs. JNKS.L - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) have volatilities of 1.51% and 1.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHY.L | JNKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.55% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.27% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 5.95% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 7.81% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 9.29% | +0.67% |
FAHY.L vs. JNKS.L - Expense Ratio Comparison
FAHY.L has a 0.45% expense ratio, which is higher than JNKS.L's 0.30% expense ratio.
Dividends
FAHY.L vs. JNKS.L - Dividend Comparison
FAHY.L's dividend yield for the trailing twelve months is around 6.55%, less than JNKS.L's 7.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.55% | 6.61% | 6.89% | 6.85% | 5.66% | 4.54% | 6.26% | 6.22% | 6.01% | 5.63% | 1.23% | 0.00% |
JNKS.L SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD | 7.20% | 7.46% | 7.06% | 6.78% | 5.43% | 5.30% | 5.84% | 5.85% | 4.96% | 6.39% | 4.98% | 5.29% |
Frequently Asked Questions
FAHY.L and JNKS.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JNKS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JNKS.L is cheaper with a 0.30% expense ratio, compared with 0.45% for FAHY.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.45% for FAHY.L and 0.30% for JNKS.L.
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