RGHYX vs. SJNK
Compare and contrast key facts about RBC BlueBay High Yield Bond Fund (RGHYX) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
RGHYX is managed by RBC Global Asset Management.. It was launched on Nov 30, 2011. 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: RGHYX or SJNK.
Correlation
The correlation between RGHYX and SJNK is 0.58, 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
RGHYX vs. SJNK - Performance Comparison
Key characteristics
RGHYX:
2.09
SJNK:
1.52
RGHYX:
2.74
SJNK:
2.19
RGHYX:
1.48
SJNK:
1.35
RGHYX:
1.53
SJNK:
1.66
RGHYX:
7.96
SJNK:
9.68
RGHYX:
0.87%
SJNK:
0.82%
RGHYX:
3.32%
SJNK:
5.20%
RGHYX:
-17.38%
SJNK:
-19.74%
RGHYX:
-2.92%
SJNK:
-2.36%
Returns By Period
In the year-to-date period, RGHYX achieves a -0.84% return, which is significantly lower than SJNK's -0.26% return. Over the past 10 years, RGHYX has outperformed SJNK with an annualized return of 4.60%, while SJNK has yielded a comparatively lower 4.28% annualized return.
RGHYX
-0.84%
-2.14%
-0.73%
6.92%
4.95%
4.60%
SJNK
-0.26%
-1.75%
0.26%
7.63%
6.42%
4.28%
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RGHYX vs. SJNK - Expense Ratio Comparison
RGHYX has a 0.57% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
RGHYX vs. SJNK — Risk-Adjusted Performance Rank
RGHYX
SJNK
RGHYX vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay High Yield Bond Fund (RGHYX) 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
RGHYX vs. SJNK - Dividend Comparison
RGHYX's dividend yield for the trailing twelve months is around 6.41%, less than SJNK's 7.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGHYX RBC BlueBay High Yield Bond Fund | 6.41% | 6.92% | 6.23% | 5.54% | 4.28% | 4.30% | 4.88% | 6.79% | 3.88% | 4.45% | 3.60% | 5.06% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.59% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% |
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. For additional features, visit the drawdowns tool.
Volatility
RGHYX vs. SJNK - Volatility Comparison
The current volatility for RBC BlueBay High Yield Bond Fund (RGHYX) is 2.10%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 4.02%. This indicates that RGHYX 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.