SJNK vs. LDRH
SJNK (SPDR Bloomberg Short Term High Yield Bond ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds - SJNK tracks the Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index while LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Both are passively managed. Over the past year, SJNK returned 5.61% vs 5.87% for LDRH. Their correlation of 0.86 suggests significant overlap in exposure. SJNK charges 0.40%/yr vs 0.35%/yr for LDRH.
Performance
SJNK vs. LDRH - Performance Comparison
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Returns By Period
In the year-to-date period, SJNK achieves a 1.65% return, which is significantly lower than LDRH's 2.02% return.
SJNK
- 1D
- 0.08%
- 1M
- 0.21%
- YTD
- 1.65%
- 6M
- 1.65%
- 1Y
- 5.61%
- 3Y*
- 8.31%
- 5Y*
- 4.76%
- 10Y*
- 5.65%
LDRH
- 1D
- 0.06%
- 1M
- 0.18%
- YTD
- 2.02%
- 6M
- 1.94%
- 1Y
- 5.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SJNK vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 1.65% | 7.68% | -0.06% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.02% | 7.18% | 0.21% |
Correlation
The correlation between SJNK and LDRH is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.86 |
The correlation between SJNK and LDRH has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
SJNK vs. LDRH — Risk / Return Rank
SJNK
LDRH
SJNK vs. LDRH - 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 iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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 | LDRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 4.79 | -1.54 |
| Martin ratioReturn relative to average drawdown | 13.99 | 19.76 | -5.77 |
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Drawdowns
SJNK vs. LDRH - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for SJNK and LDRH.
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Drawdown Indicators
| SJNK | LDRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -3.17% | -16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -1.23% | -0.50% |
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 | -0.16% | -0.22% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -0.24% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.30% | +0.10% |
Volatility
SJNK vs. LDRH - Volatility Comparison
SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) has a higher volatility of 0.85% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.58%. This indicates that SJNK's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJNK | LDRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.58% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 1.97% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 2.60% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 3.47% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 3.47% | +3.00% |
SJNK vs. LDRH - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is higher than LDRH's 0.35% expense ratio.
Dividends
SJNK vs. LDRH - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.00%, which matches LDRH's 6.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.98% | 6.41% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 7.00% | 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 LDRH have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJNK has higher volatility (0.85%) compared to LDRH (0.58%). In terms of maximum drawdown, SJNK dropped -19.74% vs LDRH's -3.17%.
On 1-year performance, LDRH leads with 5.87% vs 5.61% for SJNK. On fees, LDRH is cheaper at 0.35% per year. On volatility, LDRH has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 5.87% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRH is cheaper with a 0.35% expense ratio, compared with 0.40% for SJNK.
SJNK has the higher dividend yield at 7.00%, compared with 6.98% for LDRH.
SJNK tracks Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index, while LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SJNK and 0.35% for LDRH.
LDRH currently has the higher Sharpe Ratio (2.27 vs 1.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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