JNK vs. VNLA
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and Janus Henderson Short Duration Income ETF (VNLA).
JNK and VNLA 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. VNLA is a passively managed fund by Janus Henderson that tracks the performance of the FTSE 3-Month U.S. Treasury Bill Index. It was launched on Nov 16, 2016. Both JNK and VNLA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JNK vs. VNLA - Performance Comparison
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JNK vs. VNLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNK SPDR Barclays High Yield Bond ETF | -0.14% | 8.76% | 7.71% | 12.42% | -12.19% | 4.00% | 4.95% | 14.88% | -3.28% | 6.49% |
VNLA Janus Henderson Short Duration Income ETF | 0.57% | 5.45% | 6.41% | 6.09% | -0.17% | -0.18% | 3.01% | 4.43% | 0.02% | 2.11% |
Returns By Period
In the year-to-date period, JNK achieves a -0.14% return, which is significantly lower than VNLA's 0.57% return.
JNK
- 1D
- 0.29%
- 1M
- -0.71%
- YTD
- -0.14%
- 6M
- 1.02%
- 1Y
- 7.32%
- 3Y*
- 8.05%
- 5Y*
- 3.56%
- 10Y*
- 5.25%
VNLA
- 1D
- -0.02%
- 1M
- -0.16%
- YTD
- 0.57%
- 6M
- 1.79%
- 1Y
- 4.72%
- 3Y*
- 5.72%
- 5Y*
- 3.67%
- 10Y*
- —
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JNK vs. VNLA - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is higher than VNLA's 0.23% expense ratio.
Return for Risk
JNK vs. VNLA — Risk / Return Rank
JNK
VNLA
JNK vs. VNLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and Janus Henderson Short Duration Income ETF (VNLA). 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.
| JNK | VNLA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 6.55 | -5.26 |
Sortino ratioReturn per unit of downside risk | 1.92 | 11.33 | -9.41 |
Omega ratioGain probability vs. loss probability | 1.30 | 3.14 | -1.85 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 10.06 | -8.24 |
Martin ratioReturn relative to average drawdown | 9.34 | 44.83 | -35.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JNK | VNLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 6.55 | -5.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 3.56 | -3.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 2.06 | -1.64 |
Correlation
The correlation between JNK and VNLA is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JNK vs. VNLA - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.67%, more than VNLA's 4.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNK SPDR Barclays High Yield Bond ETF | 6.67% | 6.54% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% |
VNLA Janus Henderson Short Duration Income ETF | 4.87% | 4.84% | 4.97% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 2.43% | 1.79% | 0.08% | 0.00% |
Drawdowns
JNK vs. VNLA - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, which is greater than VNLA's maximum drawdown of -4.49%. Use the drawdown chart below to compare losses from any high point for JNK and VNLA.
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Drawdown Indicators
| JNK | VNLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -4.49% | -33.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -0.47% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -1.76% | -14.91% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.23% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -0.24% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.11% | +0.70% |
Volatility
JNK vs. VNLA - Volatility Comparison
SPDR Barclays High Yield Bond ETF (JNK) has a higher volatility of 2.27% compared to Janus Henderson Short Duration Income ETF (VNLA) at 0.28%. This indicates that JNK's price experiences larger fluctuations and is considered to be riskier than VNLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNK | VNLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 0.28% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 0.45% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 0.72% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 1.04% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 1.44% | +6.90% |