JNK vs. VWEHX
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
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. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JNK or VWEHX.
Key characteristics
| JNK | VWEHX | |
|---|---|---|
| YTD Return | 0.72% | -0.56% |
| 1Y Return | 8.99% | 7.32% |
| 3Y Return (Ann) | 0.67% | 1.20% |
| 5Y Return (Ann) | 2.63% | 3.20% |
| 10Y Return (Ann) | 2.92% | 3.91% |
| Sharpe Ratio | 1.45 | 1.63 |
| Daily Std Dev | 6.17% | 4.76% |
| Max Drawdown | -38.48% | -30.17% |
| Current Drawdown | -1.05% | -1.30% |
Correlation
The correlation between JNK and VWEHX is 0.49, 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. VWEHX - Performance Comparison
In the year-to-date period, JNK achieves a 0.72% return, which is significantly higher than VWEHX's -0.56% return. Over the past 10 years, JNK has underperformed VWEHX with an annualized return of 2.92%, while VWEHX has yielded a comparatively higher 3.91% 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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JNK vs. VWEHX - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
JNK vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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. VWEHX - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.66%, more than VWEHX's 5.47% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.47% | 5.69% | 5.11% | 4.13% | 4.62% | 5.24% | 5.93% | 5.28% | 5.43% | 5.91% | 5.59% | 5.79% |
Drawdowns
JNK vs. VWEHX - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, which is greater than VWEHX's maximum drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for JNK and VWEHX. For additional features, visit the drawdowns tool.
Volatility
JNK vs. VWEHX - Volatility Comparison
SPDR Barclays High Yield Bond ETF (JNK) has a higher volatility of 1.75% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.08%. This indicates that JNK's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.