JGHY.DE vs. SYBK.DE
JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) and SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) are both High Yield Bonds funds. JGHY.DE is actively managed, while SYBK.DE is passively managed. Over the past 5 years, JGHY.DE returned 4.39%/yr vs 4.80%/yr for SYBK.DE. Their correlation of 0.87 suggests significant overlap in exposure. JGHY.DE charges 0.35%/yr vs 0.30%/yr for SYBK.DE.
Performance
JGHY.DE vs. SYBK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JGHY.DE having a 4.92% return and SYBK.DE slightly lower at 4.76%.
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
SYBK.DE
- 1D
- 0.11%
- 1M
- 1.50%
- 6M
- 3.28%
- YTD
- 4.76%
- 1Y
- 6.93%
- 3Y*
- 7.80%
- 5Y*
- 4.80%
- 10Y*
- 4.40%
JGHY.DE vs. SYBK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 4.76% | -4.19% | 15.85% | 8.68% | -5.33% | 13.85% | -5.35% |
Correlation
The correlation between JGHY.DE and SYBK.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.87 |
The correlation between JGHY.DE and SYBK.DE has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
JGHY.DE vs. SYBK.DE — Risk / Return Rank
JGHY.DE
SYBK.DE
JGHY.DE vs. SYBK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) and SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.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.
| JGHY.DE | SYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 2.18 | +1.97 |
| Martin ratioReturn relative to average drawdown | 13.75 | 6.18 | +7.57 |
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Drawdowns
JGHY.DE vs. SYBK.DE - Drawdown Comparison
The maximum JGHY.DE drawdown since its inception was -24.72%, smaller than the maximum SYBK.DE drawdown of -26.54%. Use the drawdown chart below to compare losses from any high point for JGHY.DE and SYBK.DE.
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Drawdown Indicators
| JGHY.DE | SYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -26.54% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.17% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -12.85% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -12.85% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.70% | — |
Current DrawdownCurrent decline from peak | -0.52% | -2.56% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -6.51% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.12% | -0.42% |
Volatility
JGHY.DE vs. SYBK.DE - Volatility Comparison
The current volatility for JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) is 1.21%, while SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a volatility of 1.46%. This indicates that JGHY.DE experiences smaller price fluctuations and is considered to be less risky than SYBK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGHY.DE | SYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.46% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 4.05% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 6.01% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 7.70% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 8.17% | +0.61% |
JGHY.DE vs. SYBK.DE - Expense Ratio Comparison
JGHY.DE has a 0.35% expense ratio, which is higher than SYBK.DE's 0.30% expense ratio.
Dividends
JGHY.DE vs. SYBK.DE - Dividend Comparison
JGHY.DE has not paid dividends to shareholders, while SYBK.DE's dividend yield for the trailing twelve months is around 7.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.04% | 7.68% | 6.90% | 6.70% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
JGHY.DE and SYBK.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for JGHY.DE.
They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.35% for JGHY.DE and 0.30% for SYBK.DE.
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