SJNK vs. AGG
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and iShares Core U.S. Aggregate Bond ETF (AGG).
SJNK and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both SJNK and AGG 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: SJNK or AGG.
Performance
SJNK vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, SJNK achieves a 7.90% return, which is significantly higher than AGG's 1.78% return. Over the past 10 years, SJNK has outperformed AGG with an annualized return of 4.38%, while AGG has yielded a comparatively lower 1.46% annualized return.
SJNK
7.90%
0.26%
5.79%
11.88%
5.18%
4.38%
AGG
1.78%
-1.56%
3.14%
6.66%
-0.23%
1.46%
Key characteristics
| SJNK | AGG | |
|---|---|---|
| Sharpe Ratio | 3.27 | 1.29 |
| Sortino Ratio | 5.13 | 1.88 |
| Omega Ratio | 1.66 | 1.23 |
| Calmar Ratio | 7.12 | 0.52 |
| Martin Ratio | 28.35 | 4.35 |
| Ulcer Index | 0.42% | 1.71% |
| Daily Std Dev | 3.65% | 5.79% |
| Max Drawdown | -19.74% | -18.43% |
| Current Drawdown | -0.59% | -8.52% |
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SJNK vs. AGG - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is higher than AGG's 0.05% expense ratio.
Correlation
The correlation between SJNK and AGG is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SJNK vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
SJNK vs. AGG - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.31%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.31% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
SJNK vs. AGG - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SJNK and AGG. For additional features, visit the drawdowns tool.
Volatility
SJNK vs. AGG - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) is 0.89%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.64%. This indicates that SJNK experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.