RGHYX vs. SJNK
RGHYX (RBC BlueBay High Yield Bond Fund) and SJNK (SPDR Bloomberg Short Term High Yield Bond ETF) are both High Yield Bonds funds. Over the past 10 years, RGHYX returned 5.87%/yr vs 5.29%/yr for SJNK. Their 0.59 correlation means they have sometimes moved together and sometimes differently. RGHYX charges 0.57%/yr vs 0.40%/yr for SJNK.
Performance
RGHYX vs. SJNK - Performance Comparison
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Returns By Period
In the year-to-date period, RGHYX achieves a 1.70% return, which is significantly lower than SJNK's 2.14% return. Over the past 10 years, RGHYX has outperformed SJNK with an annualized return of 5.87%, while SJNK has yielded a comparatively lower 5.29% annualized return.
RGHYX
- 1D
- 0.35%
- 1M
- -0.16%
- 6M
- 0.90%
- YTD
- 1.70%
- 1Y
- 5.12%
- 3Y*
- 8.28%
- 5Y*
- 4.47%
- 10Y*
- 5.87%
- ALL TIME*
- 6.07%
SJNK
- 1D
- 0.28%
- 1M
- 0.21%
- 6M
- 1.70%
- YTD
- 2.14%
- 1Y
- 4.99%
- 3Y*
- 7.95%
- 5Y*
- 4.92%
- 10Y*
- 5.29%
- ALL TIME*
- 4.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $82.43M | $64.40M | $60.77M |
RGHYX vs. SJNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGHYX RBC BlueBay High Yield Bond Fund | 1.70% | 9.02% | 7.14% | 12.88% | -8.48% | 3.72% | 9.65% | 15.83% | -0.73% | 6.72% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 2.14% | 7.68% | 8.24% | 11.63% | -5.50% | 5.06% | 5.82% | 9.49% | -0.27% | 5.27% |
Correlation
The correlation between RGHYX and SJNK is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2012 | 0.59 |
The correlation between RGHYX and SJNK shifts across timeframes, from 0.59 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RGHYX vs. SJNK — Risk / Return Rank
RGHYX
SJNK
RGHYX vs. SJNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay High Yield Bond Fund (RGHYX) and SPDR Bloomberg 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RGHYX | SJNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.90 | -0.86 |
| Martin ratioReturn relative to average drawdown | 9.11 | 12.06 | -2.95 |
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Drawdowns
RGHYX vs. SJNK - Drawdown Comparison
The maximum RGHYX drawdown since its inception was -17.38%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for RGHYX and SJNK.
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Drawdown Indicators
| RGHYX | SJNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.38% | -19.74% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -1.73% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -4.77% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -10.18% | -2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -17.38% | -19.74% | +2.36% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -1.62% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.41% | +0.18% |
Volatility
RGHYX vs. SJNK - Volatility Comparison
RBC BlueBay High Yield Bond Fund (RGHYX) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) have volatilities of 0.74% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGHYX | SJNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.74% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 2.59% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 3.24% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 5.84% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 6.44% | -1.79% |
RGHYX vs. SJNK - Expense Ratio Comparison
RGHYX has a 0.57% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Dividends
RGHYX vs. SJNK - Dividend Comparison
RGHYX's dividend yield for the trailing twelve months is around 6.28%, less than SJNK's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGHYX RBC BlueBay High Yield Bond Fund | 6.28% | 6.68% | 6.91% | 6.22% | 6.04% | 5.29% | 5.54% | 4.88% | 6.79% | 3.88% | 4.44% | 4.38% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 7.00% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
Frequently Asked Questions
RGHYX and SJNK have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJNK has higher volatility (0.74%) compared to RGHYX (0.74%). In terms of maximum drawdown, RGHYX dropped -17.38% vs SJNK's -19.74%.
RGHYX currently has the higher Sharpe Ratio (2.01 vs 1.55), 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.
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