JNK vs. ENB.TO
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and Enbridge Inc. (ENB.TO).
JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JNK or ENB.TO.
Key characteristics
| JNK | ENB.TO | |
|---|---|---|
| YTD Return | 0.72% | 4.23% |
| 1Y Return | 8.99% | -1.52% |
| 3Y Return (Ann) | 0.67% | 6.50% |
| 5Y Return (Ann) | 2.63% | 5.21% |
| 10Y Return (Ann) | 2.92% | 3.51% |
| Sharpe Ratio | 1.45 | -0.22 |
| Daily Std Dev | 6.17% | 15.94% |
| Max Drawdown | -38.48% | -54.39% |
| Current Drawdown | -1.05% | -9.93% |
Correlation
The correlation between JNK and ENB.TO is 0.42, 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.
Performance
JNK vs. ENB.TO - Performance Comparison
In the year-to-date period, JNK achieves a 0.72% return, which is significantly lower than ENB.TO's 4.23% return. Over the past 10 years, JNK has underperformed ENB.TO with an annualized return of 2.92%, while ENB.TO has yielded a comparatively higher 3.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
JNK vs. ENB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and Enbridge Inc. (ENB.TO). 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.
Dividends
JNK vs. ENB.TO - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.66%, more than ENB.TO's 5.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNK SPDR Barclays High Yield Bond ETF | 6.66% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% | 5.99% | 6.05% |
ENB.TO Enbridge Inc. | 5.40% | 5.51% | 5.01% | 5.43% | 5.93% | 4.29% | 4.89% | 3.74% | 2.84% | 3.13% | 2.12% | 2.60% |
Drawdowns
JNK vs. ENB.TO - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, smaller than the maximum ENB.TO drawdown of -54.39%. Use the drawdown chart below to compare losses from any high point for JNK and ENB.TO. For additional features, visit the drawdowns tool.
Volatility
JNK vs. ENB.TO - Volatility Comparison
The current volatility for SPDR Barclays High Yield Bond ETF (JNK) is 1.75%, while Enbridge Inc. (ENB.TO) has a volatility of 6.10%. This indicates that JNK experiences smaller price fluctuations and is considered to be less risky than ENB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.