SJNK vs. FTSL
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and First Trust Senior Loan Fund (FTSL).
SJNK and FTSL 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. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SJNK or FTSL.
Key characteristics
| SJNK | FTSL | |
|---|---|---|
| YTD Return | 0.85% | 2.38% |
| 1Y Return | 8.78% | 9.96% |
| 3Y Return (Ann) | 2.78% | 4.45% |
| 5Y Return (Ann) | 4.01% | 4.25% |
| 10Y Return (Ann) | 3.53% | 3.73% |
| Sharpe Ratio | 1.82 | 4.41 |
| Daily Std Dev | 4.59% | 2.31% |
| Max Drawdown | -19.74% | -22.67% |
| Current Drawdown | -0.92% | -0.26% |
Correlation
The correlation between SJNK and FTSL is 0.41, 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
SJNK vs. FTSL - Performance Comparison
In the year-to-date period, SJNK achieves a 0.85% return, which is significantly lower than FTSL's 2.38% return. Over the past 10 years, SJNK has underperformed FTSL with an annualized return of 3.53%, while FTSL has yielded a comparatively higher 3.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SJNK vs. FTSL - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Risk-Adjusted Performance
SJNK vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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. FTSL - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 6.83%, less than FTSL's 7.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 6.83% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
FTSL First Trust Senior Loan Fund | 7.75% | 7.59% | 4.77% | 3.17% | 3.48% | 4.43% | 4.29% | 3.64% | 3.70% | 3.95% | 3.74% | 2.64% |
Drawdowns
SJNK vs. FTSL - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for SJNK and FTSL. For additional features, visit the drawdowns tool.
Volatility
SJNK vs. FTSL - Volatility Comparison
SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a higher volatility of 1.27% compared to First Trust Senior Loan Fund (FTSL) at 0.60%. This indicates that SJNK's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.