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SJNK vs. HYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SJNK and HYG is 0.67, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

SJNK vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

70.00%72.00%74.00%76.00%78.00%NovemberDecember2025FebruaryMarchApril
76.60%
76.48%
SJNK
HYG

Key characteristics

Sharpe Ratio

SJNK:

1.58

HYG:

1.61

Sortino Ratio

SJNK:

2.29

HYG:

2.38

Omega Ratio

SJNK:

1.36

HYG:

1.34

Calmar Ratio

SJNK:

1.76

HYG:

2.03

Martin Ratio

SJNK:

9.70

HYG:

10.84

Ulcer Index

SJNK:

0.86%

HYG:

0.85%

Daily Std Dev

SJNK:

5.30%

HYG:

5.75%

Max Drawdown

SJNK:

-19.74%

HYG:

-34.24%

Current Drawdown

SJNK:

-1.21%

HYG:

-0.84%

Returns By Period

In the year-to-date period, SJNK achieves a 0.91% return, which is significantly lower than HYG's 1.48% return. Over the past 10 years, SJNK has outperformed HYG with an annualized return of 4.37%, while HYG has yielded a comparatively lower 3.86% annualized return.


SJNK

YTD

0.91%

1M

-0.64%

6M

1.79%

1Y

8.20%

5Y*

7.24%

10Y*

4.37%

HYG

YTD

1.48%

1M

-0.41%

6M

2.06%

1Y

9.06%

5Y*

5.51%

10Y*

3.86%

*Annualized

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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.


Expense ratio chart for HYG: current value is 0.49%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYG: 0.49%
Expense ratio chart for SJNK: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SJNK: 0.40%

Risk-Adjusted Performance

SJNK vs. HYG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SJNK
The Risk-Adjusted Performance Rank of SJNK is 9292
Overall Rank
The Sharpe Ratio Rank of SJNK is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of SJNK is 9292
Sortino Ratio Rank
The Omega Ratio Rank of SJNK is 9393
Omega Ratio Rank
The Calmar Ratio Rank of SJNK is 9292
Calmar Ratio Rank
The Martin Ratio Rank of SJNK is 9393
Martin Ratio Rank

HYG
The Risk-Adjusted Performance Rank of HYG is 9393
Overall Rank
The Sharpe Ratio Rank of HYG is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of HYG is 9292
Sortino Ratio Rank
The Omega Ratio Rank of HYG is 9292
Omega Ratio Rank
The Calmar Ratio Rank of HYG is 9494
Calmar Ratio Rank
The Martin Ratio Rank of HYG is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for SJNK, currently valued at 1.58, compared to the broader market-1.000.001.002.003.004.00
SJNK: 1.58
HYG: 1.61
The chart of Sortino ratio for SJNK, currently valued at 2.29, compared to the broader market-2.000.002.004.006.008.00
SJNK: 2.29
HYG: 2.38
The chart of Omega ratio for SJNK, currently valued at 1.36, compared to the broader market0.501.001.502.002.50
SJNK: 1.36
HYG: 1.34
The chart of Calmar ratio for SJNK, currently valued at 1.76, compared to the broader market0.002.004.006.008.0010.0012.00
SJNK: 1.76
HYG: 2.03
The chart of Martin ratio for SJNK, currently valued at 9.70, compared to the broader market0.0020.0040.0060.00
SJNK: 9.70
HYG: 10.84

The current SJNK Sharpe Ratio is 1.58, which is comparable to the HYG Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of SJNK and HYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
1.58
1.61
SJNK
HYG

Dividends

SJNK vs. HYG - Dividend Comparison

SJNK's dividend yield for the trailing twelve months is around 7.50%, more than HYG's 5.88% yield.


TTM20242023202220212020201920182017201620152014
SJNK
SPDR Bloomberg Barclays Short Term High Yield Bond ETF
7.50%7.47%7.20%5.85%4.21%5.34%5.64%5.69%5.64%5.65%5.81%5.46%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
5.88%6.01%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%

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.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.21%
-0.84%
SJNK
HYG

Volatility

SJNK vs. HYG - Volatility Comparison

SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 4.18% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.18%
4.21%
SJNK
HYG