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JNKE.L vs. ACWI.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JNKE.L vs. ACWI.L

Last updated Jun 5, 2026

JNKE.L (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and ACWI.L (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - JNKE.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while ACWI.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, JNKE.L returned 3.10%/yr vs 12.42%/yr for ACWI.L. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

JNKE.L vs. ACWI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) and SPDR MSCI ACWI UCITS ETF (ACWI.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JNKE.L is traded in EUR, while ACWI.L is traded in GBP. To make them comparable, the ACWI.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, JNKE.L achieves a 1.14% return, which is significantly lower than ACWI.L's 12.83% return. Over the past 10 years, JNKE.L has underperformed ACWI.L with an annualized return of 3.10%, while ACWI.L has yielded a comparatively higher 12.42% annualized return.

JNKE.L

1D
0.08%
1M
0.42%
YTD
1.14%
6M
1.57%
1Y
3.53%
3Y*
6.63%
5Y*
2.49%
10Y*
3.10%

ACWI.L

1D
-0.13%
1M
5.09%
YTD
12.83%
6M
13.46%
1Y
26.86%
3Y*
17.96%
5Y*
12.37%
10Y*
12.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JNKE.L vs. ACWI.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JNKE.L
SPDR Bloomberg Euro High Yield Bond UCITS ETF		1.14%5.01%5.84%11.68%-10.56%2.88%1.85%10.51%-4.34%4.97%
ACWI.L
SPDR MSCI ACWI UCITS ETF		12.84%8.36%25.44%18.04%-13.30%28.11%5.81%29.68%-5.76%8.48%

Correlation

The correlation between JNKE.L and ACWI.L is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2012

0.50

The correlation between JNKE.L and ACWI.L has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

JNKE.L vs. ACWI.L - Sectors Allocation Comparison

Sectors
JNKE.L
ACWI.L

Consumer Cyclical

12.9%
9.3%

Communication Services

5.4%
9.0%

Industrials

4.5%
10.9%

Technology

3.4%
29.2%

Real Estate

2.3%
1.7%

Basic Materials

1.1%
3.6%

Healthcare

1.0%
8.0%

Financial Services

0.8%
16.5%

Consumer Defensive

0.5%
4.9%

Utilities

0.4%
2.7%

Energy

0.4%
4.3%

Consumer Cyclical

JNKE.L
12.9%
ACWI.L
9.3%

Communication Services

JNKE.L
5.4%
ACWI.L
9.0%

Industrials

JNKE.L
4.5%
ACWI.L
10.9%

Technology

JNKE.L
3.4%
ACWI.L
29.2%

Real Estate

JNKE.L
2.3%
ACWI.L
1.7%

Basic Materials

JNKE.L
1.1%
ACWI.L
3.6%

Healthcare

JNKE.L
1.0%
ACWI.L
8.0%

Financial Services

JNKE.L
0.8%
ACWI.L
16.5%

Consumer Defensive

JNKE.L
0.5%
ACWI.L
4.9%

Utilities

JNKE.L
0.4%
ACWI.L
2.7%

Energy

JNKE.L
0.4%
ACWI.L
4.3%

Compare stocks, funds, or ETFs

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SPDR Bloomberg Euro High Yield Bond UCITS ETF

SPDR MSCI ACWI UCITS ETF

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Often compared with ACWI.L:
ACWI.L vs. VWCE.DEACWI.L vs. ACWIACWI.L vs. IWDA.LACWI.L vs. SPYACWI.L vs. SSAC.LACWI.L vs. CSPX.ASACWI.L vs. IMID.L

Return for Risk

JNKE.L vs. ACWI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JNKE.L
JNKE.L Risk / Return Rank: 2020
Overall Rank
JNKE.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
JNKE.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
JNKE.L Omega Ratio Rank: 2323
Omega Ratio Rank
JNKE.L Calmar Ratio Rank: 1515
Calmar Ratio Rank
JNKE.L Martin Ratio Rank: 2828
Martin Ratio Rank
ACWI.L
ACWI.L Risk / Return Rank: 8686
Overall Rank
ACWI.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ACWI.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
ACWI.L Omega Ratio Rank: 8989
Omega Ratio Rank
ACWI.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
ACWI.L Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JNKE.L vs. ACWI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) and SPDR MSCI ACWI UCITS ETF (ACWI.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.

JNKE.LACWI.LDifference
Sharpe ratioReturn per unit of total volatility
0.44
2.40

-1.96

Sortino ratioReturn per unit of downside risk
0.69
3.36

-2.67

Omega ratioGain probability vs. loss probability

1.16

1.45

-0.30

Calmar ratioReturn relative to maximum drawdown

0.47

3.99

-3.52

Martin ratioReturn relative to average drawdown

3.85

16.55

-12.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNKE.L vs. ACWI.L - Sharpe Ratio Comparison

The current JNKE.L Sharpe Ratio is 0.44, which is lower than the ACWI.L Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of JNKE.L and ACWI.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JNKE.LACWI.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.44

2.40

-1.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

0.89

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.83

-0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.78

-0.10

Drawdowns

JNKE.L vs. ACWI.L - Drawdown Comparison

The maximum JNKE.L drawdown since its inception was -25.52%, smaller than the maximum ACWI.L drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for JNKE.L and ACWI.L.

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Drawdown Indicators

JNKE.LACWI.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.52%

-32.94%

+7.42%

Max Drawdown (1Y)

Largest decline over 1 year

-7.12%

-6.71%

-0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-7.12%

-20.66%

+13.54%

Max Drawdown (5Y)

Largest decline over 5 years

-16.25%

-20.66%

+4.41%

Max Drawdown (10Y)

Largest decline over 10 years

-25.52%

-32.94%

+7.42%

Current Drawdown

Current decline from peak

-0.13%

-0.58%

+0.45%

Average Drawdown

Average peak-to-trough decline

-2.24%

-4.34%

+2.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

1.62%

-0.76%

Volatility

JNKE.L vs. ACWI.L - Volatility Comparison

The current volatility for SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) is 1.15%, while SPDR MSCI ACWI UCITS ETF (ACWI.L) has a volatility of 2.72%. This indicates that JNKE.L experiences smaller price fluctuations and is considered to be less risky than ACWI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JNKE.LACWI.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

2.72%

-1.57%

Volatility (6M)

Calculated over the trailing 6-month period

7.35%

8.05%

-0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

7.53%

11.16%

-3.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.35%

13.86%

-7.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.96%

14.98%

-8.02%

JNKE.L vs. ACWI.L - Expense Ratio Comparison

Both JNKE.L and ACWI.L have an expense ratio of 0.40%.

Dividends

JNKE.L vs. ACWI.L - Dividend Comparison

JNKE.L's dividend yield for the trailing twelve months is around 5.35%, while ACWI.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ACWI.L
SPDR MSCI ACWI 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%
JNKE.L
SPDR Bloomberg Euro High Yield Bond UCITS ETF		5.35%5.48%5.85%4.95%3.47%2.91%3.14%3.08%2.87%3.57%3.58%3.92%

Frequently Asked Questions

JNKE.L and ACWI.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

JNKE.L and ACWI.L have the same expense ratio: 0.40% per year.

JNKE.L is categorized as European High Yield Bonds, while ACWI.L is Global Equities. JNKE.L tracks Bloomberg Pan Euro HY Euro TR EUR, while ACWI.L tracks MSCI ACWI NR USD.

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