SPDR Barclays High Yield Bond ETF (JNK)

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The chart shows the growth of an initial investment of $10,000 in SPDR Barclays High Yield Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

SPDR Barclays High Yield Bond ETF (JNK) has returned -0.43% so far this year and 7.30% over the past 12 months. Over the last ten years, JNK has returned 5.21% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% 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 +0.45%. At this rate, your investment would double in approximately 12.9 years.

Historically, 64% of months were positive and 36% 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%.

SPDR Barclays High Yield Bond ETF has an annualized alpha of 1.91%, beta of 0.35, and R² of 0.36 versus S&P 500 Index. Calculated based on daily prices since December 05, 2007.

• This ETF participated in 55.52% of S&P 500 Index downside but only 47.47% 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 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and compare them to a chosen benchmark (S&P 500 Index).

SPDR Barclays High Yield Bond ETF provided a 6.66% dividend yield over the last twelve months, with an annual payout of $6.38 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for SPDR Barclays 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 SPDR Barclays 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 SPDR Barclays High Yield Bond ETF was 38.48%, occurring on Mar 9, 2009. Recovery took 159 trading sessions.

The current SPDR Barclays High Yield Bond ETF drawdown is 1.41%.

The chart below shows the rolling one-month volatility.