AHITX vs. SJNK
Compare and contrast key facts about American Funds American High-Income Trust (AHITX) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
AHITX is managed by American Funds. It was launched on Feb 19, 1988. SJNK is a passively managed fund by State Street that tracks the performance of the Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y). It was launched on Mar 15, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHITX or SJNK.
Key characteristics
| AHITX | SJNK | |
|---|---|---|
| YTD Return | 8.95% | 7.85% |
| 1Y Return | 15.16% | 11.88% |
| 3Y Return (Ann) | 3.76% | 4.58% |
| 5Y Return (Ann) | 5.82% | 5.18% |
| 10Y Return (Ann) | 4.82% | 4.37% |
| Sharpe Ratio | 4.04 | 3.20 |
| Sortino Ratio | 7.21 | 5.02 |
| Omega Ratio | 2.01 | 1.65 |
| Calmar Ratio | 3.96 | 6.99 |
| Martin Ratio | 31.78 | 27.92 |
| Ulcer Index | 0.47% | 0.42% |
| Daily Std Dev | 3.69% | 3.66% |
| Max Drawdown | -34.94% | -19.74% |
| Current Drawdown | -0.30% | -0.62% |
Correlation
The correlation between AHITX and SJNK is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AHITX vs. SJNK - Performance Comparison
In the year-to-date period, AHITX achieves a 8.95% return, which is significantly higher than SJNK's 7.85% return. Over the past 10 years, AHITX has outperformed SJNK with an annualized return of 4.82%, while SJNK has yielded a comparatively lower 4.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AHITX vs. SJNK - Expense Ratio Comparison
AHITX has a 0.69% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
AHITX vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). 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.
Dividends
AHITX vs. SJNK - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 6.21%, less than SJNK's 7.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 6.21% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% | 6.27% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.31% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
Drawdowns
AHITX vs. SJNK - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.94%, which is greater than SJNK's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for AHITX and SJNK. For additional features, visit the drawdowns tool.
Volatility
AHITX vs. SJNK - Volatility Comparison
The current volatility for American Funds American High-Income Trust (AHITX) is 0.74%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 0.89%. This indicates that AHITX experiences smaller price fluctuations and is considered to be less risky than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.