JNKS.L vs. HYEA.L
JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) and HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - JNKS.L tracks the Bloomberg US Corporate High Yield TR USD while HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, JNKS.L returned 5.27%/yr vs 4.10%/yr for HYEA.L. A 0.73 correlation means they provide meaningful diversification when combined. JNKS.L charges 0.30%/yr vs 0.50%/yr for HYEA.L.
Performance
JNKS.L vs. HYEA.L - Performance Comparison
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Different Trading Currencies
JNKS.L is traded in GBP, while HYEA.L is traded in EUR. To make them comparable, the HYEA.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 HYEA.L's 1.00% 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%
HYEA.L
- 1D
- 0.16%
- 1M
- 1.14%
- YTD
- 1.00%
- 6M
- 0.98%
- 1Y
- 7.10%
- 3Y*
- 6.25%
- 5Y*
- 4.10%
- 10Y*
- —
JNKS.L vs. HYEA.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% | -3.10% |
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 1.00% | 6.97% | 4.26% | 7.03% | -1.62% | 1.84% | 3.80% | 7.67% | 1.71% | -2.70% |
Correlation
The correlation between JNKS.L and HYEA.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.73 |
The correlation between JNKS.L and HYEA.L shifts across timeframes, from 0.58 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JNKS.L vs. HYEA.L — Risk / Return Rank
JNKS.L
HYEA.L
JNKS.L vs. HYEA.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 Corporate Bond UCITS ETF (HYEA.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 | HYEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.10 | -1.13 |
| Martin ratioReturn relative to average drawdown | 5.20 | 8.60 | -3.40 |
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 | HYEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.60 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.63 | +0.04 |
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 | 0.43 | +0.21 |
Drawdowns
JNKS.L vs. HYEA.L - Drawdown Comparison
The maximum JNKS.L drawdown since its inception was -14.18%, smaller than the maximum HYEA.L drawdown of -16.98%. Use the drawdown chart below to compare losses from any high point for JNKS.L and HYEA.L.
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Drawdown Indicators
| JNKS.L | HYEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -16.98% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -2.28% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.35% | -4.27% | -6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -10.35% | -9.31% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -14.18% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -0.21% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -2.62% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.82% | +0.62% |
Volatility
JNKS.L vs. HYEA.L - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) has a higher volatility of 1.55% compared to iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) at 1.47%. This indicates that JNKS.L's price experiences larger fluctuations and is considered to be riskier than HYEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNKS.L | HYEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.47% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 3.30% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 4.43% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 6.47% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 8.00% | +1.29% |
JNKS.L vs. HYEA.L - Expense Ratio Comparison
JNKS.L has a 0.30% expense ratio, which is lower than HYEA.L's 0.50% expense ratio.
Dividends
JNKS.L vs. HYEA.L - Dividend Comparison
JNKS.L's dividend yield for the trailing twelve months is around 7.20%, while HYEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 HYEA.L have a correlation of 0.58, 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 0.50% for HYEA.L.
JNKS.L tracks Bloomberg US Corporate High Yield TR USD, while HYEA.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for JNKS.L and 0.50% for HYEA.L.
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