JNK vs. PBP
Compare and contrast key facts about SPDR Barclays High Yield Bond ETF (JNK) and Invesco S&P 500 BuyWrite ETF (PBP).
JNK and PBP 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. PBP is a passively managed fund by Invesco that tracks the performance of the CBOE S&P 500 BuyWrite Index. It was launched on Dec 20, 2007. Both JNK and PBP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JNK or PBP.
Correlation
The correlation between JNK and PBP is 0.53, 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. PBP - Performance Comparison
Key characteristics
JNK:
1.43
PBP:
0.42
JNK:
2.08
PBP:
0.72
JNK:
1.30
PBP:
1.13
JNK:
1.63
PBP:
0.42
JNK:
8.97
PBP:
2.12
JNK:
0.92%
PBP:
3.09%
JNK:
5.76%
PBP:
15.58%
JNK:
-38.48%
PBP:
-43.43%
JNK:
-2.43%
PBP:
-10.45%
Returns By Period
In the year-to-date period, JNK achieves a -0.19% return, which is significantly higher than PBP's -7.49% return. Over the past 10 years, JNK has underperformed PBP with an annualized return of 3.48%, while PBP has yielded a comparatively higher 5.32% annualized return.
JNK
-0.19%
-1.81%
-0.23%
7.93%
4.57%
3.48%
PBP
-7.49%
-4.80%
-2.16%
7.46%
9.72%
5.32%
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JNK vs. PBP - Expense Ratio Comparison
JNK has a 0.40% expense ratio, which is lower than PBP's 0.49% expense ratio.
Risk-Adjusted Performance
JNK vs. PBP — Risk-Adjusted Performance Rank
JNK
PBP
JNK vs. PBP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays High Yield Bond ETF (JNK) and Invesco S&P 500 BuyWrite ETF (PBP). 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. PBP - Dividend Comparison
JNK's dividend yield for the trailing twelve months is around 6.78%, less than PBP's 11.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNK SPDR Barclays High Yield Bond ETF | 6.78% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% | 5.99% |
PBP Invesco S&P 500 BuyWrite ETF | 11.75% | 10.22% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.96% |
Drawdowns
JNK vs. PBP - Drawdown Comparison
The maximum JNK drawdown since its inception was -38.48%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for JNK and PBP. For additional features, visit the drawdowns tool.
Volatility
JNK vs. PBP - Volatility Comparison
The current volatility for SPDR Barclays High Yield Bond ETF (JNK) is 4.15%, while Invesco S&P 500 BuyWrite ETF (PBP) has a volatility of 12.42%. This indicates that JNK experiences smaller price fluctuations and is considered to be less risky than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.