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HYLB vs. SJNK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

HYLB vs. SJNK - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with HYLB having a 1.79% return and SJNK slightly lower at 1.73%.


HYLB

1D
-0.03%
1M
0.57%
YTD
1.79%
6M
2.03%
1Y
6.49%
3Y*
9.00%
5Y*
3.99%
10Y*

SJNK

1D
-0.04%
1M
0.53%
YTD
1.73%
6M
1.97%
1Y
6.11%
3Y*
8.39%
5Y*
4.82%
10Y*
5.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLB vs. SJNK - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
HYLB
Xtrackers USD High Yield Corporate Bond ETF
1.79%8.74%8.14%12.03%-10.80%3.94%5.04%14.06%-1.80%6.00%
SJNK
SPDR Bloomberg Short Term High Yield Bond ETF
1.73%7.68%8.24%11.63%-5.50%5.06%5.82%9.49%-0.27%5.27%

Correlation

The correlation between HYLB and SJNK is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Dec 7, 2016

0.93

The correlation between HYLB and SJNK has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

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Return for Risk

HYLB vs. SJNK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYLB
HYLB Risk / Return Rank: 5959
Overall Rank
HYLB Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
HYLB Sortino Ratio Rank: 5757
Sortino Ratio Rank
HYLB Omega Ratio Rank: 5757
Omega Ratio Rank
HYLB Calmar Ratio Rank: 5959
Calmar Ratio Rank
HYLB Martin Ratio Rank: 6868
Martin Ratio Rank

SJNK
SJNK Risk / Return Rank: 6868
Overall Rank
SJNK Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SJNK Sortino Ratio Rank: 6565
Sortino Ratio Rank
SJNK Omega Ratio Rank: 6363
Omega Ratio Rank
SJNK Calmar Ratio Rank: 7272
Calmar Ratio Rank
SJNK Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYLB vs. SJNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) and SPDR Bloomberg 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.

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.


HYLBSJNKDifference
Sharpe ratioReturn per unit of total volatility

-0.16

Sortino ratioReturn per unit of downside risk

-0.27

Omega ratioGain probability vs. loss probability

1.34

1.37

-0.03

Calmar ratioReturn relative to maximum drawdown

2.87

3.55

-0.68

Martin ratioReturn relative to average drawdown

12.26

15.26

-3.00

HYLB vs. SJNK - Sharpe Ratio Comparison

The current HYLB Sharpe Ratio is 1.73, which is comparable to the SJNK Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of HYLB and SJNK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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.


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Drawdown Indicators


HYLBSJNKDifference

Max Drawdown

Largest peak-to-trough decline

-22.91%

-19.74%

-3.17%

Max Drawdown (1Y)

Largest decline over 1 year

-2.27%

-1.73%

-0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-4.51%

-4.77%

+0.26%

Max Drawdown (5Y)

Largest decline over 5 years

-15.54%

-10.18%

-5.36%

Max Drawdown (10Y)

Largest decline over 10 years

-19.74%

Current Drawdown

Current decline from peak

-0.11%

-0.08%

-0.03%

Average Drawdown

Average peak-to-trough decline

-2.42%

-1.63%

-0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

0.40%

+0.13%

Volatility

HYLB vs. SJNK - Volatility Comparison

Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a higher volatility of 1.06% compared to SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) at 0.87%. 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.


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Volatility by Period


HYLBSJNKDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.06%

0.87%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

3.02%

2.54%

+0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

3.77%

3.25%

+0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.48%

5.84%

+1.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.16%

6.48%

+1.68%

HYLB vs. SJNK - Expense Ratio Comparison

HYLB has a 0.15% expense ratio, which is lower than SJNK's 0.40% expense ratio.


Dividends

HYLB vs. SJNK - Dividend Comparison

HYLB's dividend yield for the trailing twelve months is around 6.47%, less than SJNK's 7.00% yield.


PositionTTM20252024202320222021202020192018201720162015
HYLB
Xtrackers USD High Yield Corporate Bond ETF
6.47%6.29%6.31%5.84%5.53%4.45%5.22%5.71%5.95%5.85%0.27%0.00%
SJNK
SPDR Bloomberg Short Term High Yield Bond ETF
7.00%7.12%7.47%7.20%5.85%4.21%5.34%5.64%5.69%5.64%5.65%5.81%

Frequently Asked Questions


With a correlation of 0.95, HYLB and SJNK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

HYLB has higher volatility (1.06%) compared to SJNK (0.87%). In terms of maximum drawdown, HYLB dropped -22.91% vs SJNK's -19.74%.

On 5-year performance, SJNK leads with 4.82% vs 3.99% for HYLB. On fees, HYLB is cheaper at 0.15% per year. On volatility, SJNK has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SJNK has performed better with a 4.82% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HYLB is cheaper with a 0.15% expense ratio, compared with 0.40% for SJNK.

SJNK has the higher dividend yield at 7.00%, compared with 6.47% for HYLB.

HYLB tracks Solactive USD High Yield Corporates Total Market Index, while SJNK tracks Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. They also come from different issuers: DWS and State Street. Their fees differ too: 0.15% for HYLB and 0.40% for SJNK.

SJNK currently has the higher Sharpe Ratio (1.89 vs 1.73), 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.

Portfolio Optimizer

Find the right allocation for HYLB and SJNK

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