JNK vs. AMZN

Last updated Jun 13, 2026

JNK (State Street SPDR Bloomberg High Yield Bond ETF) is High Yield Bonds fund tracking the Bloomberg High Yield Very Liquid Index, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, JNK returned 5.09%/yr vs 20.83%/yr for AMZN. At a 0.40 correlation, their price movements are largely independent.

Performance

JNK vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Bloomberg High Yield Bond ETF (JNK) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNK achieves a 1.83% return, which is significantly lower than AMZN's 3.35% return. Over the past 10 years, JNK has underperformed AMZN with an annualized return of 5.09%, while AMZN has yielded a comparatively higher 20.83% annualized return.

JNK

• 1D: 0.02%
• 1M: 0.67%
• YTD: 1.83%
• 6M: 2.49%
• 1Y: 7.11%
• 3Y*: 8.62%
• 5Y*: 3.65%
• 10Y*: 5.09%

AMZN

• 1D: -1.23%
• 1M: -11.69%
• YTD: 3.35%
• 6M: 5.46%
• 1Y: 11.87%
• 3Y*: 23.49%
• 5Y*: 7.35%
• 10Y*: 20.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JNK vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNK State Street SPDR Bloomberg High Yield Bond ETF	1.83%	8.76%	7.71%	12.42%	-12.19%	4.00%	4.95%	14.88%	-3.28%	6.49%
AMZN Amazon.com, Inc	3.35%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	28.43%	55.96%

Correlation

The correlation between JNK and AMZN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 4, 2007	0.40

The correlation between JNK and AMZN shifts across timeframes, from 0.40 (all time) to 0.51 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JNK vs. AMZN — Risk / Return Rank

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

JNK

JNK Risk / Return Rank: 69
JNK Sharpe Ratio Rank: 65
JNK Sortino Ratio Rank: 72
JNK Omega Ratio Rank: 69
JNK Calmar Ratio Rank: 65
JNK Martin Ratio Rank: 76

AMZN

AMZN Risk / Return Rank: 54
AMZN Sharpe Ratio Rank: 57
AMZN Sortino Ratio Rank: 51
AMZN Omega Ratio Rank: 49
AMZN Calmar Ratio Rank: 55
AMZN Martin Ratio Rank: 57

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.

JNK vs. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg High Yield Bond ETF (JNK) and Amazon.com, Inc (AMZN). 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.

	JNK	AMZN	Difference
Sharpe ratio: Return per unit of total volatility	1.84	0.40	+1.45
Sortino ratio: Return per unit of downside risk	2.81	0.76	+2.04
Omega ratio: Gain probability vs. loss probability	1.35	1.09	+0.26
Calmar ratio: Return relative to maximum drawdown	2.85	0.55	+2.30
Martin ratio: Return relative to average drawdown	12.52	1.29	+11.23

JNK vs. AMZN - Sharpe Ratio Comparison

The current JNK Sharpe Ratio is 1.84, which is higher than the AMZN Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of JNK and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNK vs. AMZN - Drawdown Comparison

The maximum JNK drawdown since its inception was -38.48%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for JNK and AMZN.

Drawdown Indicators

	JNK	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-94.40%	+55.92%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-21.74%	+19.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.02%	-30.88%	+25.86%
Max Drawdown (5Y) Largest decline over 5 years	-16.67%	-56.15%	+39.48%
Max Drawdown (10Y) Largest decline over 10 years	-22.89%	-56.15%	+33.26%
Current Drawdown Current decline from peak	0.00%	-13.25%	+13.25%
Average Drawdown Average peak-to-trough decline	-3.69%	-28.19%	+24.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	9.21%	-8.64%

Volatility

JNK vs. AMZN - Volatility Comparison

The current volatility for State Street SPDR Bloomberg High Yield Bond ETF (JNK) is 1.21%, while Amazon.com, Inc (AMZN) has a volatility of 7.92%. This indicates that JNK experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNK	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	7.92%	-6.71%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	20.73%	-17.70%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	30.13%	-26.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	35.53%	-27.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.31%	32.48%	-24.17%

Dividends

JNK vs. AMZN - Dividend Comparison

JNK's dividend yield for the trailing twelve months is around 6.60%, while AMZN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JNK State Street SPDR Bloomberg High Yield Bond ETF	6.60%	6.54%	6.63%	6.38%	6.06%	4.27%	5.11%	5.44%	5.90%	5.60%	6.06%	6.59%

Frequently Asked Questions

Can I hold both JNK and AMZN in my portfolio?

JNK and AMZN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNK or AMZN?

AMZN has higher volatility (7.92%) compared to JNK (1.21%). In terms of maximum drawdown, JNK dropped -38.48% vs AMZN's -94.40%.

Which has better risk-adjusted returns?

JNK currently has the higher Sharpe Ratio (1.84 vs 0.40), 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.