JNKE.L vs. IEAC.AS
JNKE.L (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and IEAC.AS (iShares Core € Corp Bond 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 IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index. Both are passively managed. Over the past 10 years, JNKE.L returned 3.10%/yr vs 1.02%/yr for IEAC.AS. At a 0.37 correlation, their price movements are largely independent. JNKE.L charges 0.40%/yr vs 0.20%/yr for IEAC.AS.
Performance
JNKE.L vs. IEAC.AS - Performance Comparison
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Returns By Period
In the year-to-date period, JNKE.L achieves a 1.14% return, which is significantly higher than IEAC.AS's 0.58% return. Over the past 10 years, JNKE.L has outperformed IEAC.AS with an annualized return of 3.10%, while IEAC.AS has yielded a comparatively lower 1.02% 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%
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.34%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.23%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
JNKE.L vs. IEAC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 2.20% |
Correlation
The correlation between JNKE.L and IEAC.AS is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2012 | 0.37 |
The correlation between JNKE.L and IEAC.AS shifts across timeframes, from 0.37 (all time) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JNKE.L vs. IEAC.AS — Risk / Return Rank
JNKE.L
IEAC.AS
JNKE.L vs. IEAC.AS - 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 Core € Corp Bond UCITS ETF (IEAC.AS). 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.L | IEAC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.77 | -0.30 |
| Martin ratioReturn relative to average drawdown | 3.85 | 2.68 | +1.16 |
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
| JNKE.L | IEAC.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.67 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.02 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.23 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.78 | -0.10 |
Drawdowns
JNKE.L vs. IEAC.AS - Drawdown Comparison
The maximum JNKE.L drawdown since its inception was -25.52%, which is greater than IEAC.AS's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for JNKE.L and IEAC.AS.
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Drawdown Indicators
| JNKE.L | IEAC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.52% | -17.26% | -8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -2.65% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.12% | -2.65% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.25% | -17.26% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -25.52% | -17.26% | -8.26% |
Current DrawdownCurrent decline from peak | -0.13% | -0.99% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -2.73% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.76% | +0.10% |
Volatility
JNKE.L vs. IEAC.AS - Volatility Comparison
SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) and iShares Core € Corp Bond UCITS ETF (IEAC.AS) have volatilities of 1.15% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNKE.L | IEAC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 2.67% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | 3.02% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 4.42% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 4.34% | +2.62% |
JNKE.L vs. IEAC.AS - Expense Ratio Comparison
JNKE.L has a 0.40% expense ratio, which is higher than IEAC.AS's 0.20% expense ratio.
Dividends
JNKE.L vs. IEAC.AS - Dividend Comparison
JNKE.L's dividend yield for the trailing twelve months is around 5.35%, more than IEAC.AS's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
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 IEAC.AS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.AS is cheaper with a 0.20% expense ratio, compared with 0.40% for JNKE.L.
JNKE.L is categorized as European High Yield Bonds, while IEAC.AS is Corporate Bonds. JNKE.L tracks Bloomberg Pan Euro HY Euro TR EUR, while IEAC.AS tracks Bloomberg Euro Corporate Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for JNKE.L and 0.20% for IEAC.AS.
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