SJNK vs. SCHD
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and Schwab US Dividend Equity ETF (SCHD).
SJNK and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both SJNK and SCHD 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 SCHD.
Key characteristics
| SJNK | SCHD | |
|---|---|---|
| YTD Return | 0.85% | 1.92% |
| 1Y Return | 8.78% | 9.90% |
| 3Y Return (Ann) | 2.78% | 4.60% |
| 5Y Return (Ann) | 4.01% | 11.33% |
| 10Y Return (Ann) | 3.53% | 10.96% |
| Sharpe Ratio | 1.82 | 0.86 |
| Daily Std Dev | 4.59% | 11.57% |
| Max Drawdown | -19.74% | -33.37% |
| Current Drawdown | -0.92% | -4.51% |
Correlation
The correlation between SJNK and SCHD is 0.61, 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. SCHD - Performance Comparison
In the year-to-date period, SJNK achieves a 0.85% return, which is significantly lower than SCHD's 1.92% return. Over the past 10 years, SJNK has underperformed SCHD with an annualized return of 3.53%, while SCHD has yielded a comparatively higher 10.96% 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. SCHD - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
SJNK vs. SCHD - 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 Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 6.83%, more than SCHD's 3.47% 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% |
SCHD Schwab US Dividend Equity ETF | 3.47% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
SJNK vs. SCHD - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SJNK and SCHD. For additional features, visit the drawdowns tool.
Volatility
SJNK vs. SCHD - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) is 1.27%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.54%. This indicates that SJNK experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.