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

JNKS.L vs. IHYU.L

Last updated Jun 5, 2026

JNKS.L (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD) and IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - JNKS.L tracks the Bloomberg US Corporate High Yield TR USD while IHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 10 years, JNKS.L returned 5.75%/yr vs 5.81%/yr for IHYU.L. A 0.74 correlation means they provide meaningful diversification when combined. JNKS.L charges 0.30%/yr vs 0.50%/yr for IHYU.L.

Performance

JNKS.L vs. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JNKS.L is traded in GBP, while IHYU.L is traded in USD. To make them comparable, the IHYU.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 IHYU.L's 1.36% return. Both investments have delivered pretty close results over the past 10 years, with JNKS.L having a 5.75% annualized return and IHYU.L not far ahead at 5.81%.

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%

IHYU.L

1D
0.01%
1M
1.21%
YTD
1.36%
6M
1.10%
1Y
8.07%
3Y*
5.56%
5Y*
5.09%
10Y*
5.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JNKS.L vs. IHYU.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%
IHYU.L
iShares USD High Yield Corporate Bond UCITS ETF		1.36%1.71%8.79%5.44%1.78%4.90%1.67%8.70%4.34%-3.74%

Correlation

The correlation between JNKS.L and IHYU.L is 0.72, 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

0.72

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

0.73

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

0.72

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

0.74

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

0.74

The correlation between JNKS.L and IHYU.L has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

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

Sectors
JNKS.L
IHYU.L

Consumer Cyclical

13.0%

-

Basic Materials

8.3%

-

Energy

6.3%

-

Industrials

5.6%

-

Real Estate

4.7%
16.4%

Technology

3.7%

-

Communication Services

3.5%

-

Healthcare

3.0%

-

Financial Services

1.6%

-

Consumer Defensive

1.0%

-

Utilities

0.9%
83.6%

Consumer Cyclical

JNKS.L
13.0%
IHYU.L

-

Basic Materials

JNKS.L
8.3%
IHYU.L

-

Energy

JNKS.L
6.3%
IHYU.L

-

Industrials

JNKS.L
5.6%
IHYU.L

-

Real Estate

JNKS.L
4.7%
IHYU.L
16.4%

Technology

JNKS.L
3.7%
IHYU.L

-

Communication Services

JNKS.L
3.5%
IHYU.L

-

Healthcare

JNKS.L
3.0%
IHYU.L

-

Financial Services

JNKS.L
1.6%
IHYU.L

-

Consumer Defensive

JNKS.L
1.0%
IHYU.L

-

Utilities

JNKS.L
0.9%
IHYU.L
83.6%

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

iShares USD High Yield Corporate Bond UCITS ETF

Often compared with JNKS.L:
JNKS.L vs. JNKJNKS.L vs. JNKE.LJNKS.L vs. SHYG.LJNKS.L vs. SJNKJNKS.L vs. SSHY.LJNKS.L vs. CWBJNKS.L vs. FALN
Often compared with IHYU.L:
IHYU.L vs. HYGIHYU.L vs. GHYU.LIHYU.L vs. STHY.LIHYU.L vs. GFGB.LIHYU.L vs. GBHY.LIHYU.L vs. EMBIHYU.L vs. STHE.L

Return for Risk

JNKS.L vs. IHYU.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
IHYU.L
IHYU.L Risk / Return Rank: 6060
Overall Rank
IHYU.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IHYU.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
IHYU.L Omega Ratio Rank: 6262
Omega Ratio Rank
IHYU.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IHYU.L Martin Ratio Rank: 6666
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. IHYU.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 USD High Yield Corporate Bond UCITS ETF (IHYU.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.LIHYU.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.26

-0.01

Sortino ratioReturn per unit of downside risk
1.89
1.81

+0.08

Omega ratioGain probability vs. loss probability

1.22

1.23

-0.01

Calmar ratioReturn relative to maximum drawdown

1.98

2.06

-0.08

Martin ratioReturn relative to average drawdown

5.20

6.56

-1.36

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. IHYU.L - Sharpe Ratio Comparison

The current JNKS.L Sharpe Ratio is 1.25, which is comparable to the IHYU.L Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of JNKS.L and IHYU.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.LIHYU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

1.26

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.59

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.56

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.64

0.00

Drawdowns

JNKS.L vs. IHYU.L - Drawdown Comparison

The maximum JNKS.L drawdown since its inception was -14.18%, smaller than the maximum IHYU.L drawdown of -15.37%. Use the drawdown chart below to compare losses from any high point for JNKS.L and IHYU.L.

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Drawdown Indicators

JNKS.LIHYU.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.18%

-15.37%

+1.19%

Max Drawdown (1Y)

Largest decline over 1 year

-3.78%

-3.91%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-10.35%

-8.76%

-1.59%

Max Drawdown (5Y)

Largest decline over 5 years

-10.35%

-10.84%

+0.49%

Max Drawdown (10Y)

Largest decline over 10 years

-14.18%

-15.37%

+1.19%

Current Drawdown

Current decline from peak

-1.74%

-0.45%

-1.29%

Average Drawdown

Average peak-to-trough decline

-3.66%

-3.90%

+0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.44%

1.23%

+0.21%

Volatility

JNKS.L vs. IHYU.L - Volatility Comparison

The current volatility for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF Dist USD (JNKS.L) is 1.55%, while iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) has a volatility of 1.78%. This indicates that JNKS.L experiences smaller price fluctuations and is considered to be less risky than IHYU.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.LIHYU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.55%

1.78%

-0.23%

Volatility (6M)

Calculated over the trailing 6-month period

4.27%

4.92%

-0.65%

Volatility (1Y)

Calculated over the trailing 1-year period

5.95%

6.38%

-0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.81%

8.55%

-0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.29%

10.44%

-1.15%

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

JNKS.L has a 0.30% expense ratio, which is lower than IHYU.L's 0.50% expense ratio.

Dividends

JNKS.L vs. IHYU.L - Dividend Comparison

JNKS.L's dividend yield for the trailing twelve months is around 7.20%, more than IHYU.L's 6.24% yield.

PositionTTM20252024202320222021202020192018201720162015
IHYU.L
iShares USD High Yield Corporate Bond UCITS ETF		6.24%6.14%6.39%5.62%4.81%4.35%4.79%5.42%5.68%5.54%5.61%6.06%
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 IHYU.L have a correlation of 0.72, 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 IHYU.L.

JNKS.L tracks Bloomberg US Corporate High Yield TR USD, while IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for JNKS.L and 0.50% for IHYU.L.

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