PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
HIGH vs. SJNK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HIGH vs. SJNK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Enhanced Income ETF (HIGH) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.32%
6.38%
HIGH
SJNK

Returns By Period

In the year-to-date period, HIGH achieves a 3.19% return, which is significantly lower than SJNK's 8.11% return.


HIGH

YTD

3.19%

1M

1.02%

6M

0.32%

1Y

4.10%

5Y (annualized)

N/A

10Y (annualized)

N/A

SJNK

YTD

8.11%

1M

0.66%

6M

6.17%

1Y

11.73%

5Y (annualized)

5.29%

10Y (annualized)

4.40%

Key characteristics


HIGHSJNK
Sharpe Ratio1.213.24
Sortino Ratio1.615.09
Omega Ratio1.311.66
Calmar Ratio1.207.06
Martin Ratio3.4127.95
Ulcer Index1.19%0.42%
Daily Std Dev3.36%3.65%
Max Drawdown-3.39%-19.74%
Current Drawdown-0.67%-0.39%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HIGH vs. SJNK - Expense Ratio Comparison

HIGH has a 0.51% expense ratio, which is higher than SJNK's 0.40% expense ratio.


HIGH
Simplify Enhanced Income ETF
Expense ratio chart for HIGH: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
Expense ratio chart for SJNK: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.00.1

The correlation between HIGH and SJNK is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

HIGH vs. SJNK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) 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.


Sharpe ratio
The chart of Sharpe ratio for HIGH, currently valued at 1.21, compared to the broader market0.002.004.001.213.21
The chart of Sortino ratio for HIGH, currently valued at 1.61, compared to the broader market-2.000.002.004.006.008.0010.001.615.05
The chart of Omega ratio for HIGH, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.001.311.65
The chart of Calmar ratio for HIGH, currently valued at 1.20, compared to the broader market0.005.0010.0015.001.207.01
The chart of Martin ratio for HIGH, currently valued at 3.41, compared to the broader market0.0020.0040.0060.0080.00100.003.4127.69
HIGH
SJNK

The current HIGH Sharpe Ratio is 1.21, which is lower than the SJNK Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of HIGH and SJNK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
1.21
3.21
HIGH
SJNK

Dividends

HIGH vs. SJNK - Dividend Comparison

HIGH's dividend yield for the trailing twelve months is around 8.78%, more than SJNK's 7.29% yield.


TTM20232022202120202019201820172016201520142013
HIGH
Simplify Enhanced Income ETF
8.78%9.39%0.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SJNK
SPDR Bloomberg Barclays Short Term High Yield Bond ETF
7.29%7.20%5.85%4.21%5.34%5.64%5.69%5.64%5.65%5.81%5.46%5.34%

Drawdowns

HIGH vs. SJNK - Drawdown Comparison

The maximum HIGH drawdown since its inception was -3.39%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for HIGH and SJNK. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.67%
-0.39%
HIGH
SJNK

Volatility

HIGH vs. SJNK - Volatility Comparison

Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.09% compared to SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) at 0.82%. This indicates that HIGH's price experiences larger fluctuations and is considered to be riskier than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
1.09%
0.82%
HIGH
SJNK