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

JNKE.L vs. FXI

Last updated Jun 5, 2026

JNKE.L (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and FXI (iShares China Large-Cap 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 FXI is a China Equities fund tracking the FTSE China 50 Index. Both are passively managed. Over the past 10 years, JNKE.L returned 3.10%/yr vs 2.33%/yr for FXI. At a 0.25 correlation, their price movements are largely independent. JNKE.L charges 0.40%/yr vs 0.74%/yr for FXI.

Performance

JNKE.L vs. FXI - 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 iShares China Large-Cap ETF (FXI). 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 FXI is traded in USD. To make them comparable, the FXI 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 higher than FXI's -7.46% return. Over the past 10 years, JNKE.L has outperformed FXI with an annualized return of 3.10%, while FXI has yielded a comparatively lower 2.33% 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%

FXI

1D
-1.24%
1M
-5.48%
YTD
-7.46%
6M
-11.02%
1Y
-3.40%
3Y*
7.45%
5Y*
-2.56%
10Y*
2.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JNKE.L vs. FXI - 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%
FXI
iShares China Large-Cap ETF		-7.46%13.65%37.49%-15.04%-15.74%-14.08%-0.06%17.50%-9.21%19.51%

Correlation

The correlation between JNKE.L and FXI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

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

0.19

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

0.18

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

0.25

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

0.25

JNKE.L vs. FXI - Sectors Allocation Comparison

Sectors
JNKE.L
FXI

Consumer Cyclical

12.9%
25.7%

Communication Services

5.4%
12.2%

Industrials

4.5%
3.8%

Technology

3.4%
9.3%

Real Estate

2.3%
1.1%

Basic Materials

1.1%
4.1%

Healthcare

1.0%
2.2%

Financial Services

0.8%
34.4%

Consumer Defensive

0.5%
0.9%

Utilities

0.4%
0.4%

Energy

0.4%
5.2%

Consumer Cyclical

JNKE.L
12.9%
FXI
25.7%

Communication Services

JNKE.L
5.4%
FXI
12.2%

Industrials

JNKE.L
4.5%
FXI
3.8%

Technology

JNKE.L
3.4%
FXI
9.3%

Real Estate

JNKE.L
2.3%
FXI
1.1%

Basic Materials

JNKE.L
1.1%
FXI
4.1%

Healthcare

JNKE.L
1.0%
FXI
2.2%

Financial Services

JNKE.L
0.8%
FXI
34.4%

Consumer Defensive

JNKE.L
0.5%
FXI
0.9%

Utilities

JNKE.L
0.4%
FXI
0.4%

Energy

JNKE.L
0.4%
FXI
5.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Bloomberg Euro High Yield Bond UCITS ETF

iShares China Large-Cap ETF

Often compared with JNKE.L:
JNKE.L vs. JNKJNKE.L vs. JNKS.LJNKE.L vs. FALNJNKE.L vs. YIEL.LJNKE.L vs. SHYG.LJNKE.L vs. XZHE.LJNKE.L vs. XHYG.L
Often compared with FXI:
FXI vs. MCHIFXI vs. KWEBFXI vs. CQQQFXI vs. ASHRFXI vs. EWHFXI vs. EEMFXI vs. GXC

Return for Risk

JNKE.L vs. FXI — 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
FXI
FXI Risk / Return Rank: 77
Overall Rank
FXI Sharpe Ratio Rank: 88
Sharpe Ratio Rank
FXI Sortino Ratio Rank: 77
Sortino Ratio Rank
FXI Omega Ratio Rank: 77
Omega Ratio Rank
FXI Calmar Ratio Rank: 77
Calmar Ratio Rank
FXI Martin Ratio Rank: 77
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. FXI - 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 iShares China Large-Cap ETF (FXI). 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.LFXIDifference
Sharpe ratioReturn per unit of total volatility
0.44
-0.18

+0.62

Sortino ratioReturn per unit of downside risk
0.69
-0.12

+0.81

Omega ratioGain probability vs. loss probability

1.16

0.99

+0.17

Calmar ratioReturn relative to maximum drawdown

0.47

-0.23

+0.70

Martin ratioReturn relative to average drawdown

3.85

-0.48

+4.33

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. FXI - Sharpe Ratio Comparison

The current JNKE.L Sharpe Ratio is 0.44, which is higher than the FXI Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of JNKE.L and FXI, 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.LFXIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.44

-0.18

+0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

-0.08

+0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.09

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.05

+0.63

Drawdowns

JNKE.L vs. FXI - Drawdown Comparison

The maximum JNKE.L drawdown since its inception was -25.52%, smaller than the maximum FXI drawdown of -68.86%. Use the drawdown chart below to compare losses from any high point for JNKE.L and FXI.

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Drawdown Indicators

JNKE.LFXIDifference

Max Drawdown

Largest peak-to-trough decline

-25.52%

-68.86%

+43.34%

Max Drawdown (1Y)

Largest decline over 1 year

-7.12%

-14.78%

+7.66%

Max Drawdown (3Y)

Largest decline over 3 years

-7.12%

-27.97%

+20.85%

Max Drawdown (5Y)

Largest decline over 5 years

-16.25%

-47.51%

+31.26%

Max Drawdown (10Y)

Largest decline over 10 years

-25.52%

-53.92%

+28.40%

Current Drawdown

Current decline from peak

-0.13%

-25.31%

+25.18%

Average Drawdown

Average peak-to-trough decline

-2.24%

-30.14%

+27.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

7.03%

-6.17%

Volatility

JNKE.L vs. FXI - Volatility Comparison

The current volatility for SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) is 1.15%, while iShares China Large-Cap ETF (FXI) has a volatility of 6.33%. This indicates that JNKE.L experiences smaller price fluctuations and is considered to be less risky than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JNKE.LFXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

6.33%

-5.18%

Volatility (6M)

Calculated over the trailing 6-month period

7.35%

13.61%

-6.26%

Volatility (1Y)

Calculated over the trailing 1-year period

7.53%

19.37%

-11.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.35%

30.31%

-23.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.96%

26.93%

-19.97%

JNKE.L vs. FXI - Expense Ratio Comparison

JNKE.L has a 0.40% expense ratio, which is lower than FXI's 0.74% expense ratio.

Dividends

JNKE.L vs. FXI - Dividend Comparison

JNKE.L's dividend yield for the trailing twelve months is around 5.35%, more than FXI's 2.66% yield.

PositionTTM20252024202320222021202020192018201720162015
FXI
iShares China Large-Cap ETF		2.66%2.42%1.76%3.17%2.61%1.60%2.19%2.74%2.69%2.31%2.69%2.90%
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 FXI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JNKE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JNKE.L is cheaper with a 0.40% expense ratio, compared with 0.74% for FXI.

JNKE.L is categorized as European High Yield Bonds, while FXI is China Equities. JNKE.L tracks Bloomberg Pan Euro HY Euro TR EUR, while FXI tracks FTSE China 50 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for JNKE.L and 0.74% for FXI.

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