JNK vs. XLB
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and Materials Select Sector SPDR ETF (XLB).
JNK and XLB 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. XLB is a passively managed fund by State Street that tracks the performance of the Materials Select Sector Index. It was launched on Dec 16, 1998. Both JNK and XLB 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. XLB - Performance Comparison
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JNK vs. XLB - 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% |
XLB Materials Select Sector SPDR ETF | 11.76% | 9.94% | 0.15% | 12.46% | -12.30% | 27.44% | 20.46% | 24.13% | -14.88% | 24.01% |
Returns By Period
In the year-to-date period, JNK achieves a -0.14% return, which is significantly lower than XLB's 11.76% return. Over the past 10 years, JNK has underperformed XLB with an annualized return of 5.25%, while XLB has yielded a comparatively higher 10.55% annualized 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%
XLB
- 1D
- 0.98%
- 1M
- -4.82%
- YTD
- 11.76%
- 6M
- 14.90%
- 1Y
- 19.23%
- 3Y*
- 9.89%
- 5Y*
- 7.00%
- 10Y*
- 10.55%
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JNK vs. XLB - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is higher than XLB's 0.13% expense ratio.
Return for Risk
JNK vs. XLB — Risk / Return Rank
JNK
XLB
JNK vs. XLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and Materials Select Sector SPDR ETF (XLB). 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 | XLB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.92 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.42 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.34 | +0.48 |
Martin ratioReturn relative to average drawdown | 9.34 | 4.67 | +4.67 |
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 | XLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.92 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.37 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.51 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.36 | +0.06 |
Correlation
The correlation between JNK and XLB is 0.56, 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.
Dividends
JNK vs. XLB - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.67%, more than XLB's 1.73% 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% |
XLB Materials Select Sector SPDR ETF | 1.73% | 1.92% | 1.92% | 2.00% | 2.26% | 1.62% | 1.72% | 1.98% | 2.20% | 1.66% | 1.95% | 2.24% |
Drawdowns
JNK vs. XLB - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, smaller than the maximum XLB drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for JNK and XLB.
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Drawdown Indicators
| JNK | XLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -59.83% | +21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -14.64% | +10.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -24.72% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | -37.27% | +14.38% |
Current DrawdownCurrent decline from peak | -1.13% | -5.47% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -10.88% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 4.21% | -3.40% |
Volatility
JNK vs. XLB - Volatility Comparison
The current volatility for SPDR Barclays High Yield Bond ETF (JNK) is 2.27%, while Materials Select Sector SPDR ETF (XLB) has a volatility of 5.95%. This indicates that JNK experiences smaller price fluctuations and is considered to be less risky than XLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNK | XLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 5.95% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 12.56% | -9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 20.94% | -15.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 18.92% | -11.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 20.61% | -12.27% |