JNKS.L vs. FAHY.L
JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) and FAHY.L (Invesco US High Yield Fallen Angels UCITS ETF Dist) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from State Street and Invesco respectively. Both are passively managed. Over the past 5 years, JNKS.L returned 5.27%/yr vs 3.70%/yr for FAHY.L. Their correlation of 0.89 suggests significant overlap in exposure. JNKS.L charges 0.30%/yr vs 0.45%/yr for FAHY.L.
Performance
JNKS.L vs. FAHY.L - Performance Comparison
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Different Trading Currencies
JNKS.L is traded in GBP, while FAHY.L is traded in GBp. To make them comparable, the FAHY.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JNKS.L achieves a 1.56% return, which is significantly higher than FAHY.L's 0.89% return.
JNKS.L
- 1D
- 0.26%
- 1M
- 1.60%
- YTD
- 1.56%
- 6M
- 1.26%
- 1Y
- 7.49%
- 3Y*
- 6.17%
- 5Y*
- 5.27%
- 10Y*
- 5.75%
FAHY.L
- 1D
- 0.30%
- 1M
- 1.71%
- YTD
- 0.89%
- 6M
- -0.11%
- 1Y
- 8.95%
- 3Y*
- 5.13%
- 5Y*
- 3.70%
- 10Y*
- —
JNKS.L vs. FAHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNKS.L SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD | 1.56% | 0.31% | 11.61% | 6.25% | 0.20% | 6.02% | 1.64% | 6.18% | 5.43% | -4.16% |
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 0.89% | 2.08% | 6.93% | 4.14% | -3.51% | 6.81% | 5.36% | 9.22% | 0.08% | -0.79% |
Correlation
The correlation between JNKS.L and FAHY.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2016 | 0.89 |
The correlation between JNKS.L and FAHY.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
JNKS.L vs. FAHY.L — Risk / Return Rank
JNKS.L
FAHY.L
JNKS.L vs. FAHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.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.
| JNKS.L | FAHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.23 | -0.26 |
| Martin ratioReturn relative to average drawdown | 5.20 | 5.82 | -0.62 |
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
| JNKS.L | FAHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.54 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.45 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.44 | +0.21 |
Drawdowns
JNKS.L vs. FAHY.L - Drawdown Comparison
The maximum JNKS.L drawdown since its inception was -14.18%, smaller than the maximum FAHY.L drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for JNKS.L and FAHY.L.
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Drawdown Indicators
| JNKS.L | FAHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -23.91% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -3.99% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | -9.89% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -10.35% | -11.66% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -14.18% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -0.91% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -4.15% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.53% | -0.09% |
Volatility
JNKS.L vs. FAHY.L - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) have volatilities of 1.55% and 1.51%, 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
| JNKS.L | FAHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.51% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.22% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 5.78% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 8.27% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 9.96% | -0.67% |
JNKS.L vs. FAHY.L - Expense Ratio Comparison
JNKS.L has a 0.30% expense ratio, which is lower than FAHY.L's 0.45% expense ratio.
Dividends
JNKS.L vs. FAHY.L - Dividend Comparison
JNKS.L's dividend yield for the trailing twelve months is around 7.20%, more than FAHY.L's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.55% | 6.61% | 6.89% | 6.85% | 5.66% | 4.54% | 6.26% | 6.22% | 6.01% | 5.63% | 1.23% | 0.00% |
JNKS.L SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD | 7.20% | 7.46% | 7.06% | 6.78% | 5.43% | 5.30% | 5.84% | 5.85% | 4.96% | 6.39% | 4.98% | 5.29% |
Frequently Asked Questions
JNKS.L and FAHY.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JNKS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JNKS.L is cheaper with a 0.30% expense ratio, compared with 0.45% for FAHY.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for JNKS.L and 0.45% for FAHY.L.
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