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HYTR vs. JNK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HYTR vs. JNK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CP High Yield Trend ETF (HYTR) and SPDR Barclays High Yield Bond ETF (JNK). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
4.69%
15.30%
HYTR
JNK

Returns By Period

In the year-to-date period, HYTR achieves a 7.04% return, which is significantly lower than JNK's 7.55% return.


HYTR

YTD

7.04%

1M

-0.25%

6M

5.10%

1Y

12.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

JNK

YTD

7.55%

1M

-0.16%

6M

5.43%

1Y

12.80%

5Y (annualized)

3.43%

10Y (annualized)

3.69%

Key characteristics


HYTRJNK
Sharpe Ratio2.082.78
Sortino Ratio3.094.26
Omega Ratio1.481.54
Calmar Ratio1.382.12
Martin Ratio12.7221.06
Ulcer Index0.96%0.62%
Daily Std Dev5.90%4.66%
Max Drawdown-13.24%-38.48%
Current Drawdown-1.62%-0.73%

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HYTR vs. JNK - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than JNK's 0.40% expense ratio.


HYTR
CP High Yield Trend ETF
Expense ratio chart for HYTR: current value at 0.97% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.97%
Expense ratio chart for JNK: 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

-0.50.00.51.00.7

The correlation between HYTR and JNK is 0.75, 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

HYTR vs. JNK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.


Sharpe ratio
The chart of Sharpe ratio for HYTR, currently valued at 2.08, compared to the broader market0.002.004.006.002.082.78
The chart of Sortino ratio for HYTR, currently valued at 3.09, compared to the broader market-2.000.002.004.006.008.0010.0012.003.094.26
The chart of Omega ratio for HYTR, currently valued at 1.48, compared to the broader market0.501.001.502.002.503.001.481.54
The chart of Calmar ratio for HYTR, currently valued at 1.38, compared to the broader market0.005.0010.0015.001.382.12
The chart of Martin ratio for HYTR, currently valued at 12.72, compared to the broader market0.0020.0040.0060.0080.00100.00120.0012.7221.06
HYTR
JNK

The current HYTR Sharpe Ratio is 2.08, which is comparable to the JNK Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of HYTR and JNK, 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 Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.08
2.78
HYTR
JNK

Dividends

HYTR vs. JNK - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.67%, less than JNK's 6.57% yield.


TTM20232022202120202019201820172016201520142013
HYTR
CP High Yield Trend ETF
5.67%5.43%1.24%3.71%3.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JNK
SPDR Barclays High Yield Bond ETF
6.57%6.38%6.06%4.26%5.11%5.44%5.90%5.60%6.06%6.60%5.99%6.05%

Drawdowns

HYTR vs. JNK - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.24%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for HYTR and JNK. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.62%
-0.73%
HYTR
JNK

Volatility

HYTR vs. JNK - Volatility Comparison

The current volatility for CP High Yield Trend ETF (HYTR) is 1.07%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.20%. This indicates that HYTR 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.


0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%JuneJulyAugustSeptemberOctoberNovember
1.07%
1.20%
HYTR
JNK