JNKE.L vs. SHYG.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L).

JNKE.L and SHYG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JNKE.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Feb 3, 2012. SHYG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Sep 3, 2010. Both JNKE.L and SHYG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JNKE.L vs. SHYG.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNKE.L SPDR Bloomberg Euro High Yield Bond UCITS ETF	-1.06%	5.01%	5.84%	11.68%	-10.56%	2.88%	1.85%	10.51%	-4.34%	4.97%
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	-3.52%	2.08%	5.84%	11.62%	-9.35%	2.57%	0.81%	11.09%	-3.82%	3.98%

Different Trading Currencies

JNKE.L is traded in EUR, while SHYG.L is traded in GBP. To make them comparable, the SHYG.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 -1.06% return, which is significantly higher than SHYG.L's -3.52% return. Over the past 10 years, JNKE.L has outperformed SHYG.L with an annualized return of 3.08%, while SHYG.L has yielded a comparatively lower 2.55% annualized return.

JNKE.L

• 1D: 1.00%
• 1M: -1.17%
• YTD: -1.06%
• 6M: -0.34%
• 1Y: 3.46%
• 3Y*: 6.03%
• 5Y*: 2.19%
• 10Y*: 3.08%

SHYG.L

• 1D: 1.35%
• 1M: -3.51%
• YTD: -3.52%
• 6M: -2.52%
• 1Y: -1.93%
• 3Y*: 4.14%
• 5Y*: 1.41%
• 10Y*: 2.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

JNKE.L has a 0.40% expense ratio, which is lower than SHYG.L's 0.50% expense ratio.

SHYG.L

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)

JNKE.L

SPDR Bloomberg Euro High Yield Bond UCITS ETF

Return for Risk

JNKE.L vs. SHYG.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: 28
JNKE.L Sharpe Ratio Rank: 24
JNKE.L Sortino Ratio Rank: 23
JNKE.L Omega Ratio Rank: 34
JNKE.L Calmar Ratio Rank: 22
JNKE.L Martin Ratio Rank: 40

SHYG.L

SHYG.L Risk / Return Rank: 18
SHYG.L Sharpe Ratio Rank: 20
SHYG.L Sortino Ratio Rank: 17
SHYG.L Omega Ratio Rank: 18
SHYG.L Calmar Ratio Rank: 18
SHYG.L Martin Ratio Rank: 19

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. SHYG.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.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.L	SHYG.L	Difference
Sharpe ratio Return per unit of total volatility	0.44	-0.32	+0.76
Sortino ratio Return per unit of downside risk	0.68	-0.36	+1.04
Omega ratio Gain probability vs. loss probability	1.15	0.94	+0.21
Calmar ratio Return relative to maximum drawdown	0.50	-0.34	+0.84
Martin ratio Return relative to average drawdown	4.11	-1.07	+5.19
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. SHYG.L - Sharpe Ratio Comparison

The current JNKE.L Sharpe Ratio is 0.44, which is higher than the SHYG.L Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of JNKE.L and SHYG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JNKE.L	SHYG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	-0.32	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.23	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.33	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.43	+0.23

Correlation

The correlation between JNKE.L and SHYG.L is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JNKE.L vs. SHYG.L - Dividend Comparison

JNKE.L's dividend yield for the trailing twelve months is around 5.47%, while SHYG.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNKE.L SPDR Bloomberg Euro High Yield Bond UCITS ETF	5.47%	5.48%	5.85%	4.95%	3.47%	2.91%	3.14%	3.08%	2.87%	3.57%	3.58%	3.92%
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	0.00%	2.75%	6.24%	5.39%	3.58%	3.13%	3.66%	3.86%	3.65%	3.74%	3.83%	4.55%

Drawdowns

JNKE.L vs. SHYG.L - Drawdown Comparison

The maximum JNKE.L drawdown since its inception was -25.52%, roughly equal to the maximum SHYG.L drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for JNKE.L and SHYG.L.

Drawdown Indicators

	JNKE.L	SHYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.52%	-22.96%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-6.43%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-16.25%	-15.33%	-0.92%
Max Drawdown (10Y) Largest decline over 10 years	-25.52%	-22.96%	-2.56%
Current Drawdown Current decline from peak	-1.77%	-4.87%	+3.10%
Average Drawdown Average peak-to-trough decline	-2.26%	-4.87%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.85%	-0.99%

Volatility

JNKE.L vs. SHYG.L - Volatility Comparison

SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) has a higher volatility of 7.11% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) at 3.68%. This indicates that JNKE.L's price experiences larger fluctuations and is considered to be riskier than SHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNKE.L	SHYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	3.68%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	4.26%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	7.85%	5.99%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	6.17%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.94%	7.65%	-0.71%