CDC vs. JNK
CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) and JNK (State Street SPDR Bloomberg High Yield Bond ETF) are both exchange-traded funds - CDC is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while JNK is a High Yield Bonds fund tracking the Bloomberg High Yield Very Liquid Index. Both are passively managed. Over the past 10 years, CDC returned 10.40%/yr vs 5.05%/yr for JNK. A 0.57 correlation means they provide meaningful diversification when combined. CDC charges 0.37%/yr vs 0.40%/yr for JNK.
Performance
CDC vs. JNK - Performance Comparison
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Returns By Period
In the year-to-date period, CDC achieves a 12.82% return, which is significantly higher than JNK's 1.83% return. Over the past 10 years, CDC has outperformed JNK with an annualized return of 10.40%, while JNK has yielded a comparatively lower 5.05% annualized return.
CDC
- 1D
- 0.41%
- 1M
- -0.21%
- YTD
- 12.82%
- 6M
- 12.38%
- 1Y
- 20.49%
- 3Y*
- 12.60%
- 5Y*
- 6.42%
- 10Y*
- 10.40%
JNK
- 1D
- -0.09%
- 1M
- 0.60%
- YTD
- 1.83%
- 6M
- 2.14%
- 1Y
- 6.86%
- 3Y*
- 8.93%
- 5Y*
- 3.65%
- 10Y*
- 5.05%
CDC vs. JNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 12.82% | 8.96% | 14.48% | -4.99% | -7.86% | 33.05% | 12.88% | 19.64% | -5.97% | 15.77% |
JNK State Street SPDR Bloomberg High Yield Bond ETF | 1.83% | 8.76% | 7.71% | 12.42% | -12.19% | 4.00% | 4.95% | 14.88% | -3.28% | 6.49% |
Correlation
The correlation between CDC and JNK is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | 0.57 |
The correlation between CDC and JNK shifts across timeframes, from 0.40 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CDC vs. JNK — Risk / Return Rank
CDC
JNK
CDC vs. JNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and State Street SPDR Bloomberg 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.
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.
| CDC | JNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 2.75 | +0.88 |
| Martin ratioReturn relative to average drawdown | 12.77 | 12.05 | +0.72 |
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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.
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Drawdown Indicators
| CDC | JNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -38.48% | +17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -2.51% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -5.02% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.37% | -16.67% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -21.37% | -22.89% | +1.52% |
Current DrawdownCurrent decline from peak | -1.49% | -0.16% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -3.69% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.57% | +1.04% |
Volatility
CDC vs. JNK - Volatility Comparison
VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) has a higher volatility of 3.34% compared to State Street SPDR Bloomberg High Yield Bond ETF (JNK) at 1.07%. 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.
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Volatility by Period
| CDC | JNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.07% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 3.06% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 3.88% | +6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 7.56% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 8.30% | +4.93% |
CDC vs. JNK - Expense Ratio Comparison
CDC has a 0.37% expense ratio, which is lower than JNK's 0.40% expense ratio.
Dividends
CDC vs. JNK - Dividend Comparison
CDC's dividend yield for the trailing twelve months is around 3.17%, less than JNK's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.17% | 3.36% | 3.32% | 4.24% | 3.48% | 2.65% | 2.48% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% |
JNK State Street SPDR Bloomberg High Yield Bond ETF | 6.60% | 6.54% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% |
Frequently Asked Questions
CDC and JNK have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDC has higher volatility (3.34%) compared to JNK (1.07%). In terms of maximum drawdown, CDC dropped -21.37% vs JNK's -38.48%.
On 10-year performance, CDC leads with 10.40% vs 5.05% for JNK. On fees, CDC is cheaper at 0.37% per year. On volatility, JNK has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CDC has performed better with a 10.40% return vs 5.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDC is cheaper with a 0.37% expense ratio, compared with 0.40% for JNK.
JNK has the higher dividend yield at 6.60%, compared with 3.17% for CDC.
CDC is categorized as Large Cap Value Equities, while JNK is High Yield Bonds. CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while JNK tracks Bloomberg High Yield Very Liquid Index. They also come from different issuers: Crestview and State Street. Their fees differ too: 0.37% for CDC and 0.40% for JNK.
CDC currently has the higher Sharpe Ratio (2.07 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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