SJNK vs. DXJS
SJNK (SPDR Bloomberg Short Term High Yield Bond ETF) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both exchange-traded funds - SJNK is a High Yield Bonds fund tracking the Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index, while DXJS is a Japan Equities fund tracking the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. SJNK charges 0.40%/yr vs 0.58%/yr for DXJS.
Performance
SJNK vs. DXJS - Performance Comparison
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Returns By Period
SJNK
- 1D
- -0.08%
- 1M
- 0.35%
- 6M
- 1.36%
- YTD
- 1.88%
- 1Y
- 5.32%
- 3Y*
- 7.74%
- 5Y*
- 4.82%
- 10Y*
- 5.31%
DXJS
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SJNK vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 1.88% | 7.68% | 8.24% | 11.63% | -5.50% | 5.06% | 5.82% | 9.49% | -0.27% | 5.27% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between SJNK and DXJS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.40 |
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Return for Risk
SJNK vs. DXJS — Risk / Return Rank
SJNK
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SJNK vs. DXJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.
| SJNK | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | — | — |
| Martin ratioReturn relative to average drawdown | 13.34 | — | — |
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Drawdowns
SJNK vs. DXJS - Drawdown Comparison
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Drawdown Indicators
| SJNK | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.74% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.62% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | — | — |
Volatility
SJNK vs. DXJS - Volatility Comparison
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Volatility by Period
| SJNK | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | — | — |
SJNK vs. DXJS - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is lower than DXJS's 0.58% expense ratio.
Dividends
SJNK vs. DXJS - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.02%, while DXJS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 0.53% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 7.02% | 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
SJNK and DXJS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SJNK is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SJNK is cheaper with a 0.40% expense ratio, compared with 0.58% for DXJS.
SJNK has the higher dividend yield at 7.02%, compared with 0.53% for DXJS.
SJNK is categorized as High Yield Bonds, while DXJS is Japan Equities. SJNK tracks Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.40% for SJNK and 0.58% for DXJS.
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