- ISIN
- US78468R4083
- CUSIP
- 78468R408
- Issuer
- State Street
- Inception Date
- Mar 15, 2012
- Region
- North America (United States)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $5B
Share Price Chart
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Performance
SJNK Performance Chart
SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is up 1.7% since the beginning of the year. SJNK is currently trading at $25 per share. Investors who bought $1,000 worth of SJNK shares 5 years ago would now be looking at an investment worth $1,265.
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Returns By Period
SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) has returned 1.73% so far this year and 6.11% over the past 12 months. Over the last ten years, SJNK has returned 5.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR Bloomberg Short Term High Yield Bond ETF
- 1D
- -0.04%
- 1M
- 0.53%
- YTD
- 1.73%
- 6M
- 1.97%
- 1Y
- 6.11%
- 3Y*
- 8.39%
- 5Y*
- 4.82%
- 10Y*
- 5.56%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SJNK Monthly Returns History
Based on dividend-adjusted daily data since Mar 15, 2012, SJNK's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 69% of months were positive and 31% were negative. The best month was Jul 2022 with a return of +4.9%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SJNK closed higher 52% of trading days. The best single day was Apr 9, 2020 with a return of +5.9%, while the worst single day was Mar 9, 2020 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.43% | -0.16% | -0.50% | 1.54% | 0.29% | 0.13% | 1.73% | ||||||
| 2025 | 1.23% | 0.91% | -1.29% | -0.05% | 1.59% | 1.62% | 0.39% | 1.04% | 0.84% | -0.06% | 0.64% | 0.59% | 7.68% |
| 2024 | 0.32% | 0.46% | 0.79% | -0.73% | 1.09% | 0.55% | 1.96% | 1.34% | 1.68% | -0.44% | 1.44% | -0.49% | 8.24% |
| 2023 | 3.22% | -0.99% | 1.45% | 0.21% | -0.67% | 1.74% | 1.11% | 0.54% | -0.80% | -0.90% | 3.71% | 2.60% | 11.63% |
| 2022 | -1.40% | -0.57% | -0.70% | -2.38% | 0.81% | -5.46% | 4.92% | -2.24% | -2.41% | 2.54% | 2.91% | -1.23% | -5.50% |
| 2021 | 0.11% | 0.76% | 1.28% | 0.77% | 0.14% | 0.99% | -0.12% | 0.39% | 0.04% | 0.04% | -1.02% | 1.58% | 5.06% |
Benchmark Metrics
SPDR Bloomberg Short Term High Yield Bond ETF has an annualized alpha of 1.34%, beta of 0.26, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since March 15, 2012.
- This ETF participated in 29.56% of S&P 500 Index downside but only 27.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.34%
- Beta
- 0.26
- R²
- 0.54
- Upside Capture
- 27.55%
- Downside Capture
- 29.56%
Expense Ratio
SJNK has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SJNK ranks 68 for risk / return — better than 68% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) and compare them to S&P 500 Index.
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.
| SJNK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.78 | +0.76 |
| Martin ratioReturn relative to average drawdown | 15.26 | 12.44 | +2.82 |
Dividends
Dividend History
SPDR Bloomberg Short Term High Yield Bond ETF provided a 7.00% dividend yield over the last twelve months, with an annual payout of $1.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.75 | $1.80 | $1.89 | $1.81 | $1.42 | $1.14 | $1.44 | $1.52 | $1.48 | $1.55 | $1.56 | $1.49 |
Dividend yield | 7.00% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Bloomberg Short Term High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.14 | $0.15 | $0.14 | $0.14 | $0.72 | ||||||
| 2025 | $0.00 | $0.15 | $0.15 | $0.16 | $0.15 | $0.16 | $0.15 | $0.15 | $0.15 | $0.15 | $0.14 | $0.29 | $1.80 |
| 2024 | $0.00 | $0.15 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.31 | $1.89 |
| 2023 | $0.00 | $0.13 | $0.15 | $0.15 | $0.14 | $0.15 | $0.14 | $0.15 | $0.15 | $0.16 | $0.18 | $0.29 | $1.81 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.12 | $0.11 | $0.14 | $0.13 | $0.12 | $0.29 | $1.42 |
| 2021 | $0.00 | $0.10 | $0.11 | $0.09 | $0.09 | $0.09 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.21 | $1.14 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Bloomberg Short Term 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 Bloomberg Short Term High Yield Bond ETF was 19.74%, occurring on Mar 23, 2020. Recovery took 140 trading sessions.
The current SPDR Bloomberg Short Term High Yield Bond ETF drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -19.74%Mar 2020 | 1mo 1d | 6mo 20d | 7mo 21dFeb 2020 - Oct 2020 |
2016 correction2016 | -15.03%Feb 2016 | 1y 7mo | 6mo 20d | 2y 1moJul 2014 - Aug 2016 |
Bear market2022 | -10.18%Jun 2022 | 5mo 17d | 1y 1mo | 1y 6moDec 2021 - Jul 2023 |
Rate-hike selloffLate 2018 | -5.36%Dec 2018 | 2mo 23d | 1mo 13d | 4mo 6dOct 2018 - Feb 2019 |
2013 pullback2013 | -4.92%Jun 2013 | 1mo 3d | 2mo 27d | 4moMay 2013 - Sep 2013 |
Drawdown Indicators
| SJNK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -56.78% | +37.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -9.10% | +7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -18.90% | +14.13% |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | -25.43% | +15.25% |
Max Drawdown (10Y)Largest decline over 10 years | -19.74% | -33.92% | +14.18% |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -10.71% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.03% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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