SYBK.DE vs. JGHY.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. SYBK.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, SYBK.DE returned 4.80%/yr vs 4.39%/yr for JGHY.DE. Their correlation of 0.87 suggests significant overlap in exposure. SYBK.DE charges 0.30%/yr vs 0.35%/yr for JGHY.DE.
Performance
SYBK.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SYBK.DE having a 4.76% return and JGHY.DE slightly higher at 4.92%.
SYBK.DE
- 1D
- 0.11%
- 1M
- 1.50%
- 6M
- 3.28%
- YTD
- 4.76%
- 1Y
- 6.93%
- 3Y*
- 7.80%
- 5Y*
- 4.80%
- 10Y*
- 4.40%
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
SYBK.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 4.76% | -4.19% | 15.85% | 8.68% | -5.33% | 13.85% | -5.35% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between SYBK.DE and JGHY.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.87 |
The correlation between SYBK.DE and JGHY.DE has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. JGHY.DE — Risk / Return Rank
SYBK.DE
JGHY.DE
SYBK.DE vs. JGHY.DE - 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 USD Unhedged (Dist) (SYBK.DE) and JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBK.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 4.15 | -1.97 |
| Martin ratioReturn relative to average drawdown | 6.18 | 13.75 | -7.57 |
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Drawdowns
SYBK.DE vs. JGHY.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -26.54%, which is greater than JGHY.DE's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and JGHY.DE.
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Drawdown Indicators
| SYBK.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.54% | -24.72% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.32% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -10.49% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -12.85% | -10.49% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -0.52% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -6.58% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.70% | +0.42% |
Volatility
SYBK.DE vs. JGHY.DE - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a higher volatility of 1.46% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBK.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.21% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 3.04% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 4.63% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 6.57% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.17% | 8.78% | -0.61% |
SYBK.DE vs. JGHY.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is lower than JGHY.DE's 0.35% expense ratio.
Dividends
SYBK.DE vs. JGHY.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.04%, while JGHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.04% | 7.68% | 6.90% | 6.70% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
SYBK.DE and JGHY.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for JGHY.DE.
They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.30% for SYBK.DE and 0.35% for JGHY.DE.
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