State Street SPDR Bloomberg High Yield Bond ETF (JNK)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street SPDR Bloomberg High Yield Bond ETF (JNK) is up 1.8% since the beginning of the year. JNK is currently trading at $96 per share. Investors who bought $1,000 worth of JNK shares 5 years ago would now be looking at an investment worth $1,193.

State Street SPDR Bloomberg High Yield Bond ETF (JNK) has returned 1.78% so far this year and 6.59% over the past 12 months. Over the last ten years, JNK has returned 5.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Dec 4, 2007, JNK's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.

Historically, 65% of months were positive and 35% were negative. The best month was Dec 2008 with a return of +17.0%, while the worst month was Oct 2008 at -19.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, JNK closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +14.3%, while the worst single day was Oct 10, 2008 at -16.8%.

State Street SPDR Bloomberg High Yield Bond ETF has an annualized alpha of 1.82%, beta of 0.35, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since December 04, 2007.

• This ETF participated in 54.54% of S&P 500 Index downside but only 46.08% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.35 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

JNK has an expense ratio of 0.40%, placing it in the medium range.

JNK ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

State Street SPDR Bloomberg High Yield Bond ETF provided a 6.60% dividend yield over the last twelve months, with an annual payout of $6.36 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for State Street SPDR Bloomberg High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the State Street SPDR Bloomberg High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the State Street SPDR Bloomberg High Yield Bond ETF was 38.48%, occurring on Mar 9, 2009. Recovery took 159 trading sessions.

The current State Street SPDR Bloomberg High Yield Bond ETF drawdown is 0.21%.

The chart below shows the rolling one-month volatility.