NJNK vs. SEMI

Last updated Jun 4, 2026

NJNK (Columbia U.S. High Yield ETF) and SEMI (Columbia Select Technology ETF) are both exchange-traded funds - NJNK is a High Yield Bonds fund actively managed by Columbia, while SEMI is a Semiconductors fund actively managed by Columbia. Both are actively managed. Over the past year, NJNK returned 6.93% vs 64.59% for SEMI. A 0.51 correlation means they provide meaningful diversification when combined. NJNK charges 0.46%/yr vs 0.75%/yr for SEMI.

Performance

NJNK vs. SEMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia U.S. High Yield ETF (NJNK) and Columbia Select Technology ETF (SEMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJNK achieves a 1.32% return, which is significantly lower than SEMI's 32.11% return.

NJNK

• 1D: -0.32%
• 1M: 0.28%
• YTD: 1.32%
• 6M: 1.46%
• 1Y: 6.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEMI

• 1D: -0.46%
• 1M: 15.94%
• YTD: 32.11%
• 6M: 31.07%
• 1Y: 64.59%
• 3Y*: 30.28%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NJNK vs. SEMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NJNK Columbia U.S. High Yield ETF	1.32%	9.03%	0.62%
SEMI Columbia Select Technology ETF	32.11%	24.91%	9.37%

Correlation

The correlation between NJNK and SEMI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.51

The correlation between NJNK and SEMI has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

NJNK vs. SEMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NJNK

NJNK Risk / Return Rank: 56
NJNK Sharpe Ratio Rank: 51
NJNK Sortino Ratio Rank: 56
NJNK Omega Ratio Rank: 54
NJNK Calmar Ratio Rank: 55
NJNK Martin Ratio Rank: 62

SEMI

SEMI Risk / Return Rank: 82
SEMI Sharpe Ratio Rank: 87
SEMI Sortino Ratio Rank: 78
SEMI Omega Ratio Rank: 78
SEMI Calmar Ratio Rank: 83
SEMI Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NJNK vs. SEMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) and Columbia Select Technology ETF (SEMI). 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.

	NJNK	SEMI	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.93	-1.19
Sortino ratio: Return per unit of downside risk	2.64	3.58	-0.94
Omega ratio: Gain probability vs. loss probability	1.33	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	2.64	4.50	-1.86
Martin ratio: Return relative to average drawdown	10.97	16.91	-5.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NJNK vs. SEMI - Sharpe Ratio Comparison

The current NJNK Sharpe Ratio is 1.74, which is lower than the SEMI Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of NJNK and SEMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NJNK	SEMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	2.93	-1.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.65	+0.66

Drawdowns

NJNK vs. SEMI - Drawdown Comparison

The maximum NJNK drawdown since its inception was -4.48%, smaller than the maximum SEMI drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for NJNK and SEMI.

Drawdown Indicators

	NJNK	SEMI	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-32.93%	+28.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	-14.41%	+11.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.93%	—
Current Drawdown Current decline from peak	-0.32%	-0.46%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.50%	-9.28%	+8.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	3.83%	-3.20%

Volatility

NJNK vs. SEMI - Volatility Comparison

The current volatility for Columbia U.S. High Yield ETF (NJNK) is 1.42%, while Columbia Select Technology ETF (SEMI) has a volatility of 6.90%. This indicates that NJNK experiences smaller price fluctuations and is considered to be less risky than SEMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJNK	SEMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	6.90%	-5.48%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	17.41%	-14.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	22.13%	-18.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.80%	31.58%	-26.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	31.58%	-26.78%

NJNK vs. SEMI - Expense Ratio Comparison

NJNK has a 0.46% expense ratio, which is lower than SEMI's 0.75% expense ratio.

Dividends

NJNK vs. SEMI - Dividend Comparison

NJNK's dividend yield for the trailing twelve months is around 6.44%, more than SEMI's 3.39% yield.

Position	TTM	2025	2024	2023	2022
NJNK Columbia U.S. High Yield ETF	6.44%	6.34%	2.05%	0.00%	0.00%
SEMI Columbia Select Technology ETF	3.39%	4.48%	0.96%	0.87%	0.67%

Frequently Asked Questions

Can I hold both NJNK and SEMI in my portfolio?

NJNK and SEMI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NJNK or SEMI?

SEMI has higher volatility (6.90%) compared to NJNK (1.42%). In terms of maximum drawdown, NJNK dropped -4.48% vs SEMI's -32.93%.

Which ETF is better, NJNK or SEMI?

On 1-year performance, SEMI leads with 64.59% vs 6.93% for NJNK. On fees, NJNK is cheaper at 0.46% per year. On volatility, NJNK has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJNK or SEMI?

Over the 1-year period, SEMI has performed better with a 64.59% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJNK or SEMI?

NJNK is cheaper with a 0.46% expense ratio, compared with 0.75% for SEMI.

Which ETF pays a higher dividend yield, NJNK or SEMI?

NJNK has the higher dividend yield at 6.44%, compared with 3.39% for SEMI.

What is the main difference between NJNK and SEMI?

NJNK is categorized as High Yield Bonds, while SEMI is Semiconductors. Their fees differ too: 0.46% for NJNK and 0.75% for SEMI.

Which has better risk-adjusted returns?

SEMI currently has the higher Sharpe Ratio (2.93 vs 1.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.