JNK vs. BSJR
JNK (State Street SPDR Bloomberg High Yield Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds - JNK tracks the Bloomberg High Yield Very Liquid Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, JNK returned 3.68%/yr vs 3.43%/yr for BSJR. Their correlation of 0.91 means they have usually moved in the same direction. JNK charges 0.40%/yr vs 0.42%/yr for BSJR.
Performance
JNK vs. BSJR - Performance Comparison
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Returns By Period
In the year-to-date period, JNK achieves a 2.29% return, which is significantly higher than BSJR's 2.05% return.
JNK
- 1D
- -0.08%
- 1M
- 0.05%
- 6M
- 1.81%
- YTD
- 2.29%
- 1Y
- 5.70%
- 3Y*
- 8.43%
- 5Y*
- 3.68%
- 10Y*
- 4.71%
- ALL TIME*
- 4.99%
BSJR
- 1D
- -0.09%
- 1M
- 0.42%
- 6M
- 1.60%
- YTD
- 2.05%
- 1Y
- 4.15%
- 3Y*
- 7.68%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 4.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.49M | $4.20M | $3.83M | |
| $285.66M | $248.57M | $267.01M |
JNK vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JNK State Street SPDR Bloomberg High Yield Bond ETF | 2.29% | 8.76% | 7.71% | 12.42% | -12.19% | 4.00% | 4.95% | 2.39% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2.05% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
Correlation
The correlation between JNK and BSJR is 0.82, 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. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.91 |
The correlation between JNK and BSJR shifts across timeframes, from 0.82 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JNK vs. BSJR — Risk / Return Rank
JNK
BSJR
JNK vs. BSJR - 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 Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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 | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.58 | -1.30 |
| Martin ratioReturn relative to average drawdown | 9.89 | 17.34 | -7.45 |
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Drawdowns
JNK vs. BSJR - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, which is greater than BSJR's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for JNK and BSJR.
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Drawdown Indicators
| JNK | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -22.58% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -1.16% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -3.15% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -16.37% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.09% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -3.17% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.24% | +0.34% |
Volatility
JNK vs. BSJR - Volatility Comparison
State Street SPDR Bloomberg High Yield Bond ETF (JNK) has a higher volatility of 0.83% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.42%. This indicates that JNK's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNK | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.42% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 1.53% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 1.95% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 6.71% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 9.25% | -1.03% |
JNK vs. BSJR - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is lower than BSJR's 0.42% expense ratio.
Dividends
JNK vs. BSJR - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.62%, more than BSJR's 5.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.57% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% |
JNK State Street SPDR Bloomberg High Yield Bond ETF | 6.62% | 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
JNK and BSJR have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNK has higher volatility (0.83%) compared to BSJR (0.42%). In terms of maximum drawdown, JNK dropped -38.48% vs BSJR's -22.58%.
On 5-year performance, JNK leads with 3.68% vs 3.43% for BSJR. On fees, JNK is cheaper at 0.40% per year. On volatility, BSJR has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JNK has performed better with a 3.68% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JNK is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJR.
JNK has the higher dividend yield at 6.62%, compared with 5.57% for BSJR.
JNK tracks Bloomberg High Yield Very Liquid Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for JNK and 0.42% for BSJR.
BSJR currently has the higher Sharpe Ratio (2.14 vs 1.49), 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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