JGYH.L vs. JNKS.L
JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) and JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) are both High Yield Bonds funds - JGYH.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, JGYH.L returned 4.89%/yr vs 5.27%/yr for JNKS.L. Their correlation of 0.88 suggests significant overlap in exposure. JGYH.L charges 0.35%/yr vs 0.30%/yr for JNKS.L.
Performance
JGYH.L vs. JNKS.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGYH.L achieves a 1.97% return, which is significantly higher than JNKS.L's 1.56% return.
JGYH.L
- 1D
- 0.17%
- 1M
- 1.39%
- YTD
- 1.97%
- 6M
- 2.21%
- 1Y
- 9.59%
- 3Y*
- 6.40%
- 5Y*
- 4.89%
- 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%
JGYH.L vs. JNKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) | 1.97% | 4.09% | 7.92% | 5.18% | 0.63% | 3.10% | -0.09% |
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% | -0.71% |
Correlation
The correlation between JGYH.L and JNKS.L is 0.90, 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 | 0.90 |
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 Feb 12, 2020 | 0.88 |
The correlation between JGYH.L and JNKS.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
JGYH.L vs. JNKS.L — Risk / Return Rank
JGYH.L
JNKS.L
JGYH.L vs. JNKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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.
| JGYH.L | JNKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.98 | +1.99 |
| Martin ratioReturn relative to average drawdown | 11.86 | 5.20 | +6.66 |
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
| JGYH.L | JNKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.25 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.67 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.64 | -0.22 |
Drawdowns
JGYH.L vs. JNKS.L - Drawdown Comparison
The maximum JGYH.L drawdown since its inception was -12.24%, smaller than the maximum JNKS.L drawdown of -14.18%. Use the drawdown chart below to compare losses from any high point for JGYH.L and JNKS.L.
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Drawdown Indicators
| JGYH.L | JNKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.24% | -14.18% | +1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.78% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -10.35% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -10.35% | +2.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.18% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.74% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -3.66% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.44% | -0.63% |
Volatility
JGYH.L vs. JNKS.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) is 1.22%, while SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) has a volatility of 1.55%. This indicates that JGYH.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
| JGYH.L | JNKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.55% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 4.27% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 5.95% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 7.81% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.60% | 9.29% | -0.69% |
JGYH.L vs. JNKS.L - Expense Ratio Comparison
JGYH.L has a 0.35% expense ratio, which is higher than JNKS.L's 0.30% expense ratio.
Dividends
JGYH.L vs. JNKS.L - Dividend Comparison
JGYH.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (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% |
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
JGYH.L and JNKS.L have a correlation of 0.90, 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 0.35% for JGYH.L.
JGYH.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: JPMorgan and State Street. Their fees differ too: 0.35% for JGYH.L and 0.30% for JNKS.L.
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