JNKE.L vs. XZHE.L
JNKE.L (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and XZHE.L (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) are both European High Yield Bonds funds tracking the Bloomberg Pan Euro HY Euro TR EUR, from State Street and DWS respectively. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. JNKE.L charges 0.40%/yr vs 0.25%/yr for XZHE.L.
Performance
JNKE.L vs. XZHE.L - Performance Comparison
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Returns By Period
JNKE.L
- 1D
- 0.08%
- 1M
- 0.89%
- YTD
- 1.14%
- 6M
- 1.67%
- 1Y
- 3.33%
- 3Y*
- 6.63%
- 5Y*
- 2.49%
- 10Y*
- 3.10%
XZHE.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JNKE.L vs. XZHE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JNKE.L SPDR Bloomberg Euro High Yield Bond UCITS ETF | 1.14% | 5.01% | 5.84% | 11.68% | 4.04% |
XZHE.L Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | -0.54% | 5.46% | 5.93% | 9.90% | 3.05% |
Correlation
The correlation between JNKE.L and XZHE.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.83 |
The correlation between JNKE.L and XZHE.L shifts across timeframes, from 0.64 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JNKE.L vs. XZHE.L — Risk / Return Rank
JNKE.L
XZHE.L
JNKE.L vs. XZHE.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 ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.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 | XZHE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | — | — |
| Martin ratioReturn relative to average drawdown | 3.85 | — | — |
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 | XZHE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | — | — |
Drawdowns
JNKE.L vs. XZHE.L - Drawdown Comparison
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Drawdown Indicators
| JNKE.L | XZHE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.52% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.52% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.24% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | — | — |
Volatility
JNKE.L vs. XZHE.L - Volatility Comparison
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Volatility by Period
| JNKE.L | XZHE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | — | — |
JNKE.L vs. XZHE.L - Expense Ratio Comparison
JNKE.L has a 0.40% expense ratio, which is higher than XZHE.L's 0.25% expense ratio.
Dividends
JNKE.L vs. XZHE.L - Dividend Comparison
JNKE.L's dividend yield for the trailing twelve months is around 5.35%, while XZHE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XZHE.L Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JNKE.L and XZHE.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHE.L is cheaper with a 0.25% expense ratio, compared with 0.40% for JNKE.L.
Both ETFs track Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: State Street and DWS. Their fees differ too: 0.40% for JNKE.L and 0.25% for XZHE.L.
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