HYLB vs. SJNK
Compare and contrast key facts about Xtrackers USD High Yield Corporate Bond ETF (HYLB) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
HYLB and SJNK 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. 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. Both HYLB and SJNK 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 SJNK.
Performance
HYLB vs. SJNK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HYLB having a 8.25% return and SJNK slightly lower at 8.11%.
HYLB
8.25%
0.70%
6.80%
12.66%
3.85%
N/A
SJNK
8.11%
0.73%
6.38%
11.55%
5.28%
4.39%
Key characteristics
| HYLB | SJNK | |
|---|---|---|
| Sharpe Ratio | 2.88 | 3.21 |
| Sortino Ratio | 4.50 | 5.05 |
| Omega Ratio | 1.57 | 1.65 |
| Calmar Ratio | 2.99 | 7.01 |
| Martin Ratio | 21.78 | 27.69 |
| Ulcer Index | 0.59% | 0.42% |
| Daily Std Dev | 4.50% | 3.65% |
| Max Drawdown | -22.91% | -19.74% |
| Current Drawdown | -0.38% | -0.39% |
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HYLB vs. SJNK - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is lower than SJNK's 0.40% expense ratio.
Correlation
The correlation between HYLB and SJNK is 0.93, 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. SJNK - 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 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.
Dividends
HYLB vs. SJNK - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.05%, less than SJNK's 7.29% 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% |
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
HYLB vs. SJNK - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, which is greater than SJNK's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for HYLB and SJNK. For additional features, visit the drawdowns tool.
Volatility
HYLB vs. SJNK - Volatility Comparison
Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a higher volatility of 0.97% compared to SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) at 0.82%. This indicates that HYLB'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.