SJB vs. SJNK
Compare and contrast key facts about ProShares Short High Yield (SJB) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
SJB and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (-100%). It was launched on Mar 21, 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. Both SJB and SJNK 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: SJB or SJNK.
Correlation
The correlation between SJB and SJNK is -0.85. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SJB vs. SJNK - Performance Comparison
Key characteristics
SJB:
-0.55
SJNK:
2.79
SJB:
-0.77
SJNK:
4.10
SJB:
0.92
SJNK:
1.55
SJB:
-0.04
SJNK:
5.72
SJB:
-0.73
SJNK:
23.11
SJB:
3.17%
SJNK:
0.41%
SJB:
4.20%
SJNK:
3.44%
SJB:
-58.06%
SJNK:
-19.74%
SJB:
-57.22%
SJNK:
-0.12%
Returns By Period
In the year-to-date period, SJB achieves a -0.74% return, which is significantly lower than SJNK's 1.67% return. Over the past 10 years, SJB has underperformed SJNK with an annualized return of -4.00%, while SJNK has yielded a comparatively higher 4.54% annualized return.
SJB
-0.74%
0.06%
0.21%
-2.03%
-2.74%
-4.00%
SJNK
1.67%
0.60%
3.87%
9.35%
5.08%
4.54%
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SJB vs. SJNK - Expense Ratio Comparison
SJB has a 0.95% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
SJB vs. SJNK — Risk-Adjusted Performance Rank
SJB
SJNK
SJB vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) 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
SJB vs. SJNK - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 5.91%, less than SJNK's 7.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 5.91% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.38% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% |
Drawdowns
SJB vs. SJNK - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, which is greater than SJNK's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for SJB and SJNK. For additional features, visit the drawdowns tool.
Volatility
SJB vs. SJNK - Volatility Comparison
ProShares Short High Yield (SJB) has a higher volatility of 0.93% compared to SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) at 0.73%. This indicates that SJB's price experiences larger fluctuations and is considered to be riskier than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.