HYLB vs. JNK
Compare and contrast key facts about Xtrackers USD High Yield Corporate Bond ETF (HYLB) and SPDR Barclays High Yield Bond ETF (JNK).
HYLB and JNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLB is a passively managed fund by DWS that tracks the performance of the Solactive USD High Yield Corporates Total Market Index. It was launched on Dec 7, 2016. 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 HYLB 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: HYLB or JNK.
Performance
HYLB vs. JNK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HYLB having a 8.25% return and JNK slightly lower at 7.90%.
HYLB
8.25%
0.15%
6.23%
13.09%
3.93%
N/A
JNK
7.90%
0.13%
5.77%
12.84%
3.63%
3.68%
Key characteristics
| HYLB | JNK | |
|---|---|---|
| Sharpe Ratio | 2.92 | 2.77 |
| Sortino Ratio | 4.57 | 4.24 |
| Omega Ratio | 1.57 | 1.53 |
| Calmar Ratio | 2.85 | 2.21 |
| Martin Ratio | 22.15 | 20.95 |
| Ulcer Index | 0.59% | 0.62% |
| Daily Std Dev | 4.50% | 4.66% |
| Max Drawdown | -22.91% | -38.48% |
| Current Drawdown | -0.38% | -0.40% |
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HYLB vs. JNK - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is lower than JNK's 0.40% expense ratio.
Correlation
The correlation between HYLB and JNK is 0.96, 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.
Risk-Adjusted Performance
HYLB vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) 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
HYLB vs. JNK - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.05%, less than JNK's 6.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.05% | 5.85% | 5.53% | 4.45% | 5.23% | 5.71% | 5.95% | 5.84% | 0.27% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.54% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
HYLB vs. JNK - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for HYLB and JNK. For additional features, visit the drawdowns tool.
Volatility
HYLB vs. JNK - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond ETF (HYLB) is 1.04%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.11%. This indicates that HYLB experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.