Correlation
The correlation between HYXF and SJNK is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
HYXF vs. SJNK
Compare and contrast key facts about iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
HYXF and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXF is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. It was launched on Jun 14, 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 HYXF 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: HYXF or SJNK.
Performance
HYXF vs. SJNK - Performance Comparison
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Key characteristics
HYXF:
2.14
SJNK:
1.70
HYXF:
3.67
SJNK:
2.46
HYXF:
1.54
SJNK:
1.40
HYXF:
3.43
SJNK:
1.90
HYXF:
18.26
SJNK:
10.21
HYXF:
0.86%
SJNK:
0.89%
HYXF:
7.83%
SJNK:
5.39%
HYXF:
-18.75%
SJNK:
-19.74%
HYXF:
0.00%
SJNK:
0.00%
Returns By Period
In the year-to-date period, HYXF achieves a 8.60% return, which is significantly higher than SJNK's 2.39% return.
HYXF
8.60%
6.26%
8.00%
16.63%
7.69%
5.34%
N/A
SJNK
2.39%
1.59%
1.90%
9.08%
6.87%
6.46%
4.50%
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HYXF vs. SJNK - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
HYXF vs. SJNK — Risk-Adjusted Performance Rank
HYXF
SJNK
HYXF vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.
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Dividends
HYXF vs. SJNK - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.01%, less than SJNK's 7.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.01% | 6.40% | 5.93% | 5.37% | 4.22% | 4.96% | 5.29% | 6.14% | 5.85% | 3.15% | 0.00% | 0.00% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.42% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% |
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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Volatility
HYXF vs. SJNK - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 5.21% compared to SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) at 1.38%. 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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