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

JNKE.L vs. XHYG.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) and Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.L).

JNKE.L and XHYG.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. XHYG.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Jan 8, 2015. Both JNKE.L and XHYG.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. XHYG.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 Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
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%0.30%
XHYG.L
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D		-1.23%4.77%6.00%11.49%-9.23%3.13%1.63%5.80%-8.11%0.29%

Returns By Period

In the year-to-date period, JNKE.L achieves a -1.06% return, which is significantly higher than XHYG.L's -1.23% 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%

XHYG.L

1D
0.95%
1M
-1.17%
YTD
-1.23%
6M
-0.34%
1Y
2.98%
3Y*
5.83%
5Y*
2.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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SPDR Bloomberg Euro High Yield Bond UCITS ETF

Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D

Often compared with JNKE.L:
JNKE.L vs. JNKJNKE.L vs. JNKS.LJNKE.L vs. FALNJNKE.L vs. SHYG.LJNKE.L vs. HIGH.LJNKE.L vs. YIEL.LJNKE.L vs. SWLD.L
Often compared with XHYG.L:
XHYG.L vs. JEPIXHYG.L vs. JNKXHYG.L vs. SCYBXHYG.L vs. XHYG.DEXHYG.L vs. XZHE.LXHYG.L vs. YIEL.LXHYG.L vs. SHYG.L

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

JNKE.L has a 0.40% expense ratio, which is higher than XHYG.L's 0.20% expense ratio.

JNKE.L
SPDR Bloomberg Euro High Yield Bond UCITS ETF
XHYG.L
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D

Return for Risk

JNKE.L vs. XHYG.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: 2828
Overall Rank
JNKE.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
JNKE.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
JNKE.L Omega Ratio Rank: 3434
Omega Ratio Rank
JNKE.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
JNKE.L Martin Ratio Rank: 4040
Martin Ratio Rank
XHYG.L
XHYG.L Risk / Return Rank: 3939
Overall Rank
XHYG.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
XHYG.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
XHYG.L Omega Ratio Rank: 3838
Omega Ratio Rank
XHYG.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
XHYG.L Martin Ratio Rank: 4343
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. XHYG.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 Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.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.LXHYG.LDifference

Sharpe ratio

Return per unit of total volatility

0.44

0.78

-0.35

Sortino ratio

Return per unit of downside risk

0.68

1.15

-0.47

Omega ratio

Gain probability vs. loss probability

1.15

1.16

-0.02

Calmar ratio

Return relative to maximum drawdown

0.50

1.06

-0.57

Martin ratio

Return relative to average drawdown

4.11

4.57

-0.46

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. XHYG.L - Sharpe Ratio Comparison

The current JNKE.L Sharpe Ratio is 0.44, which is lower than the XHYG.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of JNKE.L and XHYG.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.

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Sharpe Ratios by Period

JNKE.LXHYG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.44

0.78

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.47

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.21

+0.45

Correlation

The correlation between JNKE.L and XHYG.L is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JNKE.L vs. XHYG.L - Dividend Comparison

JNKE.L's dividend yield for the trailing twelve months is around 5.47%, more than XHYG.L's 4.93% yield.

TTM20252024202320222021202020192018201720162015
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%
XHYG.L
Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D		4.93%4.75%5.49%3.95%3.70%5.71%2.27%0.00%0.00%0.00%0.00%0.00%

Drawdowns

JNKE.L vs. XHYG.L - Drawdown Comparison

The maximum JNKE.L drawdown since its inception was -25.52%, roughly equal to the maximum XHYG.L drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for JNKE.L and XHYG.L.

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Drawdown Indicators

JNKE.LXHYG.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.52%

-26.33%

+0.81%

Max Drawdown (1Y)

Largest decline over 1 year

-7.12%

-2.91%

-4.21%

Max Drawdown (5Y)

Largest decline over 5 years

-16.25%

-14.50%

-1.75%

Max Drawdown (10Y)

Largest decline over 10 years

-25.52%

—

—

Current Drawdown

Current decline from peak

-1.77%

-1.70%

-0.07%

Average Drawdown

Average peak-to-trough decline

-2.26%

-4.07%

+1.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

0.68%

+0.18%

Volatility

JNKE.L vs. XHYG.L - Volatility Comparison

SPDR Bloomberg Euro High Yield Bond UCITS ETF (JNKE.L) has a higher volatility of 7.11% compared to Xtrackers EUR High Yield Corporate Bond UCITS ETF 1D (XHYG.L) at 1.95%. This indicates that JNKE.L's price experiences larger fluctuations and is considered to be riskier than XHYG.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.LXHYG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.11%

1.95%

+5.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.20%

2.43%

+4.77%

Volatility (1Y)

Calculated over the trailing 1-year period

7.85%

3.78%

+4.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.30%

5.23%

+1.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.94%

7.14%

-0.20%