CDC vs. JNK
Compare and contrast key facts about VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and SPDR Barclays High Yield Bond ETF (JNK).
CDC and JNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDC is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. It was launched on Jul 2, 2014. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007. Both CDC and JNK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDC or JNK.
Key characteristics
| CDC | JNK | |
|---|---|---|
| YTD Return | 18.98% | 7.75% |
| 1Y Return | 22.48% | 13.99% |
| 3Y Return (Ann) | 2.47% | 2.34% |
| 5Y Return (Ann) | 10.11% | 3.52% |
| 10Y Return (Ann) | 9.65% | 3.67% |
| Sharpe Ratio | 2.21 | 2.89 |
| Sortino Ratio | 3.11 | 4.49 |
| Omega Ratio | 1.41 | 1.56 |
| Calmar Ratio | 1.09 | 1.99 |
| Martin Ratio | 13.37 | 22.53 |
| Ulcer Index | 1.68% | 0.61% |
| Daily Std Dev | 10.15% | 4.78% |
| Max Drawdown | -21.37% | -38.48% |
| Current Drawdown | -2.61% | -0.55% |
Correlation
The correlation between CDC and JNK 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
CDC vs. JNK - Performance Comparison
In the year-to-date period, CDC achieves a 18.98% return, which is significantly higher than JNK's 7.75% return. Over the past 10 years, CDC has outperformed JNK with an annualized return of 9.65%, while JNK has yielded a comparatively lower 3.67% 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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CDC vs. JNK - Expense Ratio Comparison
CDC has a 0.37% expense ratio, which is lower than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
CDC vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and SPDR Barclays High Yield Bond ETF (JNK). 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
CDC vs. JNK - Dividend Comparison
CDC's dividend yield for the trailing twelve months is around 3.21%, less than JNK's 6.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.21% | 4.24% | 3.48% | 2.66% | 2.49% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% | 1.20% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.55% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
CDC vs. JNK - Drawdown Comparison
The maximum CDC drawdown since its inception was -21.37%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for CDC and JNK. For additional features, visit the drawdowns tool.
Volatility
CDC vs. JNK - Volatility Comparison
VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) has a higher volatility of 3.73% compared to SPDR Barclays High Yield Bond ETF (JNK) at 1.22%. This indicates that CDC's price experiences larger fluctuations and is considered to be riskier than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.