HYFI vs. SJNK
Compare and contrast key facts about AB High Yield ETF (HYFI) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
HYFI and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYFI is an actively managed fund by AllianceBernstein. It was launched on Jul 26, 2016. 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
HYFI vs. SJNK - Performance Comparison
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HYFI vs. SJNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYFI AB High Yield ETF | 0.19% | 8.91% | 7.98% | 8.66% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 0.18% | 7.68% | 8.24% | 8.04% |
Returns By Period
In the year-to-date period, HYFI achieves a 0.19% return, which is significantly higher than SJNK's 0.18% return.
HYFI
- 1D
- -0.02%
- 1M
- 0.01%
- YTD
- 0.19%
- 6M
- 1.40%
- 1Y
- 8.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SJNK
- 1D
- 0.20%
- 1M
- 0.13%
- YTD
- 0.18%
- 6M
- 1.22%
- 1Y
- 6.64%
- 3Y*
- 7.98%
- 5Y*
- 4.80%
- 10Y*
- 5.89%
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HYFI vs. SJNK - Expense Ratio Comparison
Both HYFI and SJNK have an expense ratio of 0.40%.
Return for Risk
HYFI vs. SJNK — Risk / Return Rank
HYFI
SJNK
HYFI vs. SJNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Yield ETF (HYFI) 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.
| HYFI | SJNK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.28 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.89 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.78 | -0.20 |
Martin ratioReturn relative to average drawdown | 10.60 | 10.12 | +0.48 |
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
| HYFI | SJNK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.28 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.66 | 0.79 | +0.87 |
Correlation
The correlation between HYFI and SJNK is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HYFI vs. SJNK - Dividend Comparison
HYFI's dividend yield for the trailing twelve months is around 6.86%, less than SJNK's 7.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYFI AB High Yield ETF | 6.86% | 6.66% | 6.57% | 4.17% | 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 | 7.12% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
Drawdowns
HYFI vs. SJNK - Drawdown Comparison
The maximum HYFI drawdown since its inception was -6.34%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for HYFI and SJNK.
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Drawdown Indicators
| HYFI | SJNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -19.74% | +13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -2.70% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.74% | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.41% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -1.65% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.67% | +0.11% |
Volatility
HYFI vs. SJNK - Volatility Comparison
AB High Yield ETF (HYFI) has a higher volatility of 2.31% compared to SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) at 1.81%. This indicates that HYFI'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.
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Volatility by Period
| HYFI | SJNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.81% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.46% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 5.22% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 5.80% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 6.49% | -1.06% |