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JNKS.L vs. GHYS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JNKS.L vs. GHYS.L

Last updated Jun 5, 2026

JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) and GHYS.L (iShares Global High Yield Corp Bond GBP Hedged UCITS ETF) are both High Yield Bonds funds - JNKS.L tracks the Bloomberg US Corporate High Yield TR USD while GHYS.L tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged). Both are passively managed. Over the past 10 years, JNKS.L returned 5.75%/yr vs 4.09%/yr for GHYS.L. At a 0.13 correlation, their price movements are largely independent. JNKS.L charges 0.30%/yr vs 0.55%/yr for GHYS.L.

Performance

JNKS.L vs. GHYS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) and iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JNKS.L achieves a 1.56% return, which is significantly higher than GHYS.L's 1.32% return. Over the past 10 years, JNKS.L has outperformed GHYS.L with an annualized return of 5.75%, while GHYS.L has yielded a comparatively lower 4.09% annualized 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%

GHYS.L

1D
0.09%
1M
0.42%
YTD
1.32%
6M
1.62%
1Y
5.61%
3Y*
7.87%
5Y*
3.51%
10Y*
4.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JNKS.L vs. GHYS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
GHYS.L
iShares Global High Yield Corp Bond GBP Hedged UCITS ETF		1.32%7.56%6.95%11.60%-9.89%3.60%2.71%11.10%-3.20%4.61%

Correlation

The correlation between JNKS.L and GHYS.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (10Y)
Calculated over the trailing 10-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.13

The correlation between JNKS.L and GHYS.L shifts across timeframes, from -0.03 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

JNKS.L vs. GHYS.L - Sectors Allocation Comparison

Sectors
JNKS.L
GHYS.L

Consumer Cyclical

13.0%

-

Basic Materials

8.3%

-

Energy

6.3%

-

Industrials

5.6%

-

Real Estate

4.7%
8.3%

Technology

3.7%

-

Communication Services

3.5%

-

Healthcare

3.0%

-

Financial Services

1.6%

-

Consumer Defensive

1.0%

-

Utilities

0.9%
91.7%

Consumer Cyclical

JNKS.L
13.0%
GHYS.L

-

Basic Materials

JNKS.L
8.3%
GHYS.L

-

Energy

JNKS.L
6.3%
GHYS.L

-

Industrials

JNKS.L
5.6%
GHYS.L

-

Real Estate

JNKS.L
4.7%
GHYS.L
8.3%

Technology

JNKS.L
3.7%
GHYS.L

-

Communication Services

JNKS.L
3.5%
GHYS.L

-

Healthcare

JNKS.L
3.0%
GHYS.L

-

Financial Services

JNKS.L
1.6%
GHYS.L

-

Consumer Defensive

JNKS.L
1.0%
GHYS.L

-

Utilities

JNKS.L
0.9%
GHYS.L
91.7%

Compare stocks, funds, or ETFs

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SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD

iShares Global High Yield Corp Bond GBP Hedged UCITS ETF

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Often compared with GHYS.L:
GHYS.L vs. IS15.LGHYS.L vs. HYGWGHYS.L vs. VHYL.ASGHYS.L vs. TDGB.LGHYS.L vs. HYEA.LGHYS.L vs. GHYG.LGHYS.L vs. GFGB.L

Return for Risk

JNKS.L vs. GHYS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JNKS.L
JNKS.L Risk / Return Rank: 3636
Overall Rank
JNKS.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
JNKS.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
JNKS.L Omega Ratio Rank: 3434
Omega Ratio Rank
JNKS.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
JNKS.L Martin Ratio Rank: 3434
Martin Ratio Rank
GHYS.L
GHYS.L Risk / Return Rank: 4040
Overall Rank
GHYS.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
GHYS.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
GHYS.L Omega Ratio Rank: 3838
Omega Ratio Rank
GHYS.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
GHYS.L Martin Ratio Rank: 5252
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.

JNKS.L vs. GHYS.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 iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.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.LGHYS.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.27

-0.01

Sortino ratioReturn per unit of downside risk
1.89
1.93

-0.04

Omega ratioGain probability vs. loss probability

1.22

1.24

-0.02

Calmar ratioReturn relative to maximum drawdown

1.98

1.88

+0.09

Martin ratioReturn relative to average drawdown

5.20

8.55

-3.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNKS.L vs. GHYS.L - Sharpe Ratio Comparison

The current JNKS.L Sharpe Ratio is 1.25, which is comparable to the GHYS.L Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of JNKS.L and GHYS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JNKS.LGHYS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

1.27

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.59

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.57

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.58

+0.06

Drawdowns

JNKS.L vs. GHYS.L - Drawdown Comparison

The maximum JNKS.L drawdown since its inception was -14.18%, smaller than the maximum GHYS.L drawdown of -25.15%. Use the drawdown chart below to compare losses from any high point for JNKS.L and GHYS.L.

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Drawdown Indicators

JNKS.LGHYS.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.18%

-25.15%

+10.97%

Max Drawdown (1Y)

Largest decline over 1 year

-3.78%

-2.97%

-0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-10.35%

-4.54%

-5.81%

Max Drawdown (5Y)

Largest decline over 5 years

-10.35%

-14.70%

+4.35%

Max Drawdown (10Y)

Largest decline over 10 years

-14.18%

-25.15%

+10.97%

Current Drawdown

Current decline from peak

-1.74%

-0.34%

-1.40%

Average Drawdown

Average peak-to-trough decline

-3.66%

-2.29%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.44%

0.65%

+0.79%

Volatility

JNKS.L vs. GHYS.L - Volatility Comparison

SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) and iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) have volatilities of 1.55% and 1.48%, 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.LGHYS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.55%

1.48%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

4.27%

3.79%

+0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

5.95%

4.40%

+1.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.81%

5.98%

+1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.29%

7.15%

+2.14%

JNKS.L vs. GHYS.L - Expense Ratio Comparison

JNKS.L has a 0.30% expense ratio, which is lower than GHYS.L's 0.55% expense ratio.

Dividends

JNKS.L vs. GHYS.L - Dividend Comparison

JNKS.L's dividend yield for the trailing twelve months is around 7.20%, more than GHYS.L's 5.73% yield.

PositionTTM20252024202320222021202020192018201720162015
GHYS.L
iShares Global High Yield Corp Bond GBP Hedged UCITS ETF		5.73%5.68%5.78%5.36%4.41%3.78%4.08%5.03%4.89%4.58%4.91%5.65%
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 GHYS.L have a correlation of -0.03, 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 0.55% for GHYS.L.

JNKS.L tracks Bloomberg US Corporate High Yield TR USD, while GHYS.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for JNKS.L and 0.55% for GHYS.L.

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