OSTIX vs. SJNK
Compare and contrast key facts about Osterweis Strategic Income Fund (OSTIX) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
OSTIX is managed by Osterweis. It was launched on Aug 30, 2002. SJNK is a passively managed fund by State Street that tracks the performance of the Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y). It was launched on Mar 15, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OSTIX or SJNK.
Key characteristics
| OSTIX | SJNK | |
|---|---|---|
| YTD Return | 7.23% | 8.53% |
| 1Y Return | 11.79% | 13.69% |
| 3Y Return (Ann) | 4.24% | 4.65% |
| 5Y Return (Ann) | 5.62% | 5.28% |
| 10Y Return (Ann) | 4.57% | 4.36% |
| Sharpe Ratio | 6.44 | 3.49 |
| Sortino Ratio | 14.48 | 5.55 |
| Omega Ratio | 3.63 | 1.72 |
| Calmar Ratio | 18.63 | 7.82 |
| Martin Ratio | 84.30 | 31.51 |
| Ulcer Index | 0.14% | 0.42% |
| Daily Std Dev | 1.83% | 3.75% |
| Max Drawdown | -10.06% | -19.74% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OSTIX and SJNK is 0.51, 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
OSTIX vs. SJNK - Performance Comparison
In the year-to-date period, OSTIX achieves a 7.23% return, which is significantly lower than SJNK's 8.53% return. Both investments have delivered pretty close results over the past 10 years, with OSTIX having a 4.57% annualized return and SJNK not far behind at 4.36%. 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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OSTIX vs. SJNK - Expense Ratio Comparison
OSTIX has a 0.84% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
OSTIX vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Osterweis Strategic Income Fund (OSTIX) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). 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
OSTIX vs. SJNK - Dividend Comparison
OSTIX's dividend yield for the trailing twelve months is around 6.04%, less than SJNK's 7.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSTIX Osterweis Strategic Income Fund | 6.04% | 5.71% | 4.71% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.24% | 5.98% | 5.15% | 4.70% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.26% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
Drawdowns
OSTIX vs. SJNK - Drawdown Comparison
The maximum OSTIX drawdown since its inception was -10.06%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for OSTIX and SJNK. For additional features, visit the drawdowns tool.
Volatility
OSTIX vs. SJNK - Volatility Comparison
The current volatility for Osterweis Strategic Income Fund (OSTIX) is 0.39%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 0.77%. This indicates that OSTIX experiences smaller price fluctuations and is considered to be less risky than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.