JNK vs. HYG
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
JNK and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both JNK and HYG 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: JNK or HYG.
Correlation
The correlation between JNK and HYG is 0.64, 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. HYG - Performance Comparison
Key characteristics
JNK:
1.40
HYG:
1.55
JNK:
2.06
HYG:
2.30
JNK:
1.29
HYG:
1.33
JNK:
1.64
HYG:
1.95
JNK:
8.53
HYG:
10.43
JNK:
0.96%
HYG:
0.85%
JNK:
5.86%
HYG:
5.74%
JNK:
-38.48%
HYG:
-34.24%
JNK:
-1.07%
HYG:
-0.75%
Returns By Period
In the year-to-date period, JNK achieves a 1.20% return, which is significantly lower than HYG's 1.57% return. Over the past 10 years, JNK has underperformed HYG with an annualized return of 3.62%, while HYG has yielded a comparatively higher 3.88% annualized return.
JNK
1.20%
-0.02%
1.92%
8.71%
5.62%
3.62%
HYG
1.57%
0.08%
2.26%
9.38%
5.52%
3.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JNK vs. HYG - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is lower than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
JNK vs. HYG — Risk-Adjusted Performance Rank
JNK
HYG
JNK vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.69%, more than HYG's 5.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNK SPDR Barclays High Yield Bond ETF | 6.69% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% | 5.99% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.87% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
JNK vs. HYG - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for JNK and HYG. For additional features, visit the drawdowns tool.
Volatility
JNK vs. HYG - Volatility Comparison
SPDR Barclays High Yield Bond ETF (JNK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 4.32% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.