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.
Performance
AHITX vs. SJNK - Performance Comparison
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AHITX vs. SJNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | -0.53% | 8.28% | 9.45% | 11.43% | -10.38% | 8.32% | 7.01% | 11.86% | -1.80% | 7.30% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | -0.02% | 7.68% | 8.24% | 11.63% | -5.50% | 5.06% | 5.82% | 9.49% | -0.27% | 5.27% |
Returns By Period
In the year-to-date period, AHITX achieves a -0.53% return, which is significantly lower than SJNK's -0.02% return. Both investments have delivered pretty close results over the past 10 years, with AHITX having a 6.12% annualized return and SJNK not far behind at 5.84%.
AHITX
- 1D
- 0.62%
- 1M
- -1.61%
- YTD
- -0.53%
- 6M
- 0.64%
- 1Y
- 6.32%
- 3Y*
- 8.48%
- 5Y*
- 4.42%
- 10Y*
- 6.12%
SJNK
- 1D
- 0.21%
- 1M
- -0.31%
- YTD
- -0.02%
- 6M
- 0.97%
- 1Y
- 6.59%
- 3Y*
- 7.86%
- 5Y*
- 4.76%
- 10Y*
- 5.84%
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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.
Return for Risk
AHITX vs. SJNK — Risk / Return Rank
AHITX
SJNK
AHITX vs. SJNK - Risk-Adjusted Trends 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.
| AHITX | SJNK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 1.27 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.88 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.77 | +0.27 |
Martin ratioReturn relative to average drawdown | 8.61 | 10.05 | -1.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AHITX | SJNK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.27 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.82 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.90 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.78 | +0.64 |
Correlation
The correlation between AHITX and SJNK is 0.59, 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.
Dividends
AHITX vs. SJNK - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 5.86%, less than SJNK's 7.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 5.86% | 6.26% | 6.25% | 5.87% | 4.17% | 4.27% | 5.81% | 6.19% | 6.31% | 5.99% | 5.05% | 6.92% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.13% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
Drawdowns
AHITX vs. SJNK - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.81%, 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.
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Drawdown Indicators
| AHITX | SJNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -19.74% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.83% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.93% | -10.18% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -21.22% | -19.74% | -1.48% |
Current DrawdownCurrent decline from peak | -1.81% | -0.61% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -1.65% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.67% | +0.13% |
Volatility
AHITX vs. SJNK - Volatility Comparison
The current volatility for American Funds American High-Income Trust (AHITX) is 1.37%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 1.83%. 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.
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Volatility by Period
| AHITX | SJNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.83% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.46% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 5.22% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 5.81% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 6.49% | -1.01% |