HYEA.L vs. JNKS.L
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) are both High Yield Bonds funds - HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD while JNKS.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, HYEA.L returned 3.95%/yr vs 5.14%/yr for JNKS.L. A 0.70 correlation means they provide meaningful diversification when combined. HYEA.L charges 0.50%/yr vs 0.30%/yr for JNKS.L.
Performance
HYEA.L vs. JNKS.L - Performance Comparison
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Different Trading Currencies
HYEA.L is traded in EUR, while JNKS.L is traded in GBP. To make them comparable, the JNKS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYEA.L achieves a 1.74% return, which is significantly lower than JNKS.L's 2.49% return.
HYEA.L
- 1D
- 0.03%
- 1M
- 0.88%
- YTD
- 1.74%
- 6M
- 1.78%
- 1Y
- 4.39%
- 3Y*
- 6.09%
- 5Y*
- 3.95%
- 10Y*
- —
JNKS.L
- 1D
- 0.18%
- 1M
- 1.40%
- YTD
- 2.49%
- 6M
- 1.85%
- 1Y
- 4.83%
- 3Y*
- 6.01%
- 5Y*
- 5.14%
- 10Y*
- 4.75%
HYEA.L vs. JNKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 1.74% | 1.53% | 9.22% | 9.21% | -6.45% | 8.26% | -1.76% | 14.15% | 0.72% | -1.89% |
JNKS.L SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD | 2.49% | -4.92% | 17.00% | 8.50% | -4.96% | 12.92% | -3.88% | 12.94% | 4.13% | -2.33% |
Correlation
The correlation between HYEA.L and JNKS.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.70 |
The correlation between HYEA.L and JNKS.L has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
HYEA.L vs. JNKS.L — Risk / Return Rank
HYEA.L
JNKS.L
HYEA.L vs. JNKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.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.
| HYEA.L | JNKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.52 | +0.74 |
| Martin ratioReturn relative to average drawdown | 8.04 | 3.97 | +4.07 |
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
| HYEA.L | JNKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.78 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.65 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.62 | -0.06 |
Drawdowns
HYEA.L vs. JNKS.L - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.34%, which is greater than JNKS.L's maximum drawdown of -18.48%. Use the drawdown chart below to compare losses from any high point for HYEA.L and JNKS.L.
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Drawdown Indicators
| HYEA.L | JNKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -18.48% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -3.09% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -12.57% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -12.57% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.48% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.37% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -4.25% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.18% | -0.65% |
Volatility
HYEA.L vs. JNKS.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 0.89%, while SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) has a volatility of 1.16%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than JNKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYEA.L | JNKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.16% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 4.21% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 6.02% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 7.90% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 8.63% | -1.70% |
HYEA.L vs. JNKS.L - Expense Ratio Comparison
HYEA.L has a 0.50% expense ratio, which is higher than JNKS.L's 0.30% expense ratio.
Dividends
HYEA.L vs. JNKS.L - Dividend Comparison
HYEA.L has not paid dividends to shareholders, while JNKS.L's dividend yield for the trailing twelve months is around 7.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
HYEA.L and JNKS.L have a correlation of 0.61, 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 0.50% for HYEA.L.
HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while JNKS.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for HYEA.L and 0.30% for JNKS.L.
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