JHYP.L vs. JNKS.L
JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) are both High Yield Bonds funds - JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP while JNKS.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, JHYP.L returned 3.69%/yr vs 5.27%/yr for JNKS.L. At a 0.10 correlation, their price movements are largely independent. JHYP.L charges 0.35%/yr vs 0.30%/yr for JNKS.L.
Performance
JHYP.L vs. JNKS.L - Performance Comparison
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Returns By Period
In the year-to-date period, JHYP.L achieves a 2.14% return, which is significantly higher than JNKS.L's 1.56% return.
JHYP.L
- 1D
- 0.13%
- 1M
- 0.65%
- YTD
- 2.14%
- 6M
- 2.89%
- 1Y
- 8.43%
- 3Y*
- 8.74%
- 5Y*
- 3.69%
- 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%
JHYP.L vs. JNKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 2.14% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
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% | 5.30% |
Correlation
The correlation between JHYP.L and JNKS.L is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.10 |
The correlation between JHYP.L and JNKS.L shifts across timeframes, from -0.00 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JHYP.L vs. JNKS.L — Risk / Return Rank
JHYP.L
JNKS.L
JHYP.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 - GBP Hedged (dist) (JHYP.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.
| JHYP.L | JNKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.98 | +1.43 |
| Martin ratioReturn relative to average drawdown | 14.15 | 5.20 | +8.95 |
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
| JHYP.L | JNKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.25 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.67 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.64 | +0.37 |
Drawdowns
JHYP.L vs. JNKS.L - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.44%, 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 JHYP.L and JNKS.L.
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Drawdown Indicators
| JHYP.L | JNKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -14.18% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.78% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -10.35% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -10.35% | -5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.18% | — |
Current DrawdownCurrent decline from peak | -0.03% | -1.74% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -3.66% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.44% | -0.85% |
Volatility
JHYP.L vs. JNKS.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) is 1.06%, 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 JHYP.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
| JHYP.L | JNKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.55% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 4.27% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 5.95% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 7.81% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 9.29% | -3.61% |
JHYP.L vs. JNKS.L - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is higher than JNKS.L's 0.30% expense ratio.
Dividends
JHYP.L vs. JNKS.L - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 5.97%, less than JNKS.L's 7.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.97% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% | 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
JHYP.L and JNKS.L have a correlation of -0.00, 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 JHYP.L.
JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP, 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 JHYP.L and 0.30% for JNKS.L.
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