SJNK vs. HYG
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
SJNK and HYG 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. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both SJNK and HYG 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 HYG.
Performance
SJNK vs. HYG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SJNK having a 7.90% return and HYG slightly higher at 8.25%. Over the past 10 years, SJNK has outperformed HYG with an annualized return of 4.38%, while HYG has yielded a comparatively lower 3.96% annualized return.
SJNK
7.90%
0.26%
5.79%
11.88%
5.18%
4.38%
HYG
8.25%
-0.13%
6.14%
13.37%
3.50%
3.96%
Key characteristics
| SJNK | HYG | |
|---|---|---|
| Sharpe Ratio | 3.27 | 2.91 |
| Sortino Ratio | 5.13 | 4.53 |
| Omega Ratio | 1.66 | 1.57 |
| Calmar Ratio | 7.12 | 2.48 |
| Martin Ratio | 28.35 | 21.88 |
| Ulcer Index | 0.42% | 0.62% |
| Daily Std Dev | 3.65% | 4.65% |
| Max Drawdown | -19.74% | -34.24% |
| Current Drawdown | -0.59% | -0.71% |
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SJNK vs. HYG - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between SJNK and HYG is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SJNK vs. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.31%, more than HYG's 5.90% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
SJNK vs. HYG - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for SJNK and HYG. For additional features, visit the drawdowns tool.
Volatility
SJNK vs. HYG - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) is 0.89%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.13%. This indicates that SJNK experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.