HYXF vs. SJNK
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and SJNK (SPDR Bloomberg Short Term High Yield Bond ETF) are both High Yield Bonds funds - HYXF tracks the Bloomberg MSCI US High Yield Corporate Choice ESG Screened while SJNK tracks the Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. Both are passively managed. Over the past 10 years, HYXF returned 4.78%/yr vs 5.31%/yr for SJNK. Their 0.78 correlation means they have sometimes moved together and sometimes differently. HYXF charges 0.35%/yr vs 0.40%/yr for SJNK.
Performance
HYXF vs. SJNK - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.08% return, which is significantly lower than SJNK's 1.60% return. Over the past 10 years, HYXF has underperformed SJNK with an annualized return of 4.78%, while SJNK has yielded a comparatively higher 5.31% annualized return.
HYXF
- 1D
- -0.15%
- 1M
- -0.35%
- 6M
- 0.82%
- YTD
- 1.08%
- 1Y
- 4.47%
- 3Y*
- 8.17%
- 5Y*
- 3.42%
- 10Y*
- 4.78%
- ALL TIME*
- 5.04%
SJNK
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- 1.16%
- YTD
- 1.60%
- 1Y
- 4.72%
- 3Y*
- 7.70%
- 5Y*
- 4.76%
- 10Y*
- 5.31%
- ALL TIME*
- 4.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $633.04K | $1.36M | $996.57K | |
| $72.70M | $61.59M | $61.63M |
HYXF vs. SJNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.08% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 1.60% | 7.68% | 8.24% | 11.63% | -5.50% | 5.06% | 5.82% | 9.49% | -0.27% | 5.27% |
Correlation
The correlation between HYXF and SJNK is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.78 |
The correlation between HYXF and SJNK shifts across timeframes, from 0.78 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYXF vs. SJNK — Risk / Return Rank
HYXF
SJNK
HYXF vs. SJNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.
| HYXF | SJNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.75 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.62 | 11.44 | -3.82 |
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Drawdowns
HYXF vs. SJNK - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for HYXF and SJNK.
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Drawdown Indicators
| HYXF | SJNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -19.74% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.73% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -4.77% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -10.18% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -19.74% | +0.99% |
Current DrawdownCurrent decline from peak | -0.53% | -0.48% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -1.62% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.41% | +0.17% |
Volatility
HYXF vs. SJNK - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 0.70% compared to SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) at 0.66%. This indicates that HYXF'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
| HYXF | SJNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.66% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.57% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.22% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 5.83% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 6.44% | +1.82% |
HYXF vs. SJNK - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than SJNK's 0.40% expense ratio.
Dividends
HYXF vs. SJNK - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.07%, less than SJNK's 7.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 5.54% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% | 0.00% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 6.43% | 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 0.90, HYXF 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.
HYXF has higher volatility (0.70%) compared to SJNK (0.66%). In terms of maximum drawdown, HYXF dropped -18.75% vs SJNK's -19.74%.
On 10-year performance, SJNK leads with 5.31% vs 4.78% for HYXF. On fees, HYXF is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SJNK has performed better with a 5.31% return vs 4.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.40% for SJNK.
SJNK has the higher dividend yield at 6.43%, compared with 5.54% for HYXF.
HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while SJNK tracks Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for HYXF and 0.40% for SJNK.
SJNK currently has the higher Sharpe Ratio (1.48 vs 1.17), 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.
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