SJNK vs. SCHD

Last updated Jun 4, 2026

SJNK (SPDR Bloomberg Barclays Short Term High Yield Bond ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SJNK is a High Yield Bonds fund tracking the Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, SJNK returned 5.51%/yr vs 12.77%/yr for SCHD. A 0.59 correlation means they provide meaningful diversification when combined. SJNK charges 0.40%/yr vs 0.06%/yr for SCHD.

Performance

SJNK vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJNK achieves a 1.41% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, SJNK has underperformed SCHD with an annualized return of 5.51%, while SCHD has yielded a comparatively higher 12.77% annualized return.

SJNK

• 1D: -0.12%
• 1M: 0.37%
• YTD: 1.41%
• 6M: 1.87%
• 1Y: 6.45%
• 3Y*: 8.21%
• 5Y*: 4.84%
• 10Y*: 5.51%

SCHD

• 1D: 0.00%
• 1M: 2.70%
• YTD: 19.01%
• 6M: 18.63%
• 1Y: 27.16%
• 3Y*: 15.09%
• 5Y*: 8.36%
• 10Y*: 12.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SJNK vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF	1.41%	7.68%	8.24%	11.63%	-5.50%	5.06%	5.82%	9.49%	-0.27%	5.27%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between SJNK and SCHD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Mar 16, 2012	0.59

Over the past year, the correlation between SJNK and SCHD has dropped to 0.36 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

SJNK vs. SCHD - Sectors Allocation Comparison

Sectors	SJNK	SCHD
Communication Services	100.0%	6.3%
Basic Materials	-	1.2%
Consumer Cyclical	-	6.3%
Consumer Defensive	-	19.2%
Energy	-	16.2%
Financial Services	-	9.3%
Healthcare	-	18.8%
Industrials	-	7.5%
Real Estate	-	-
Technology	-	16.4%
Utilities	-	0.0%

Return for Risk

SJNK vs. SCHD — Risk / Return Rank

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

SJNK

SJNK Risk / Return Rank: 69
SJNK Sharpe Ratio Rank: 59
SJNK Sortino Ratio Rank: 66
SJNK Omega Ratio Rank: 64
SJNK Calmar Ratio Rank: 74
SJNK Martin Ratio Rank: 81

SCHD

SCHD Risk / Return Rank: 80
SCHD Sharpe Ratio Rank: 75
SCHD Sortino Ratio Rank: 84
SCHD Omega Ratio Rank: 73
SCHD Calmar Ratio Rank: 91
SCHD Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SJNK vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and Schwab U.S. 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.

	SJNK	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.49	-0.47
Sortino ratio: Return per unit of downside risk	3.09	3.87	-0.78
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	3.74	5.91	-2.17
Martin ratio: Return relative to average drawdown	16.21	14.53	+1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJNK vs. SCHD - Sharpe Ratio Comparison

The current SJNK Sharpe Ratio is 2.02, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SJNK and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SJNK	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.49	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.58	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.77	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.86	-0.07

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.

Drawdown Indicators

	SJNK	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-19.74%	-33.37%	+13.63%
Max Drawdown (1Y) Largest decline over 1 year	-1.73%	-4.61%	+2.88%
Max Drawdown (3Y) Largest decline over 3 years	-4.77%	-16.13%	+11.36%
Max Drawdown (5Y) Largest decline over 5 years	-10.18%	-16.85%	+6.67%
Max Drawdown (10Y) Largest decline over 10 years	-19.74%	-33.37%	+13.63%
Current Drawdown Current decline from peak	-0.19%	-1.40%	+1.21%
Average Drawdown Average peak-to-trough decline	-1.63%	-3.32%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	1.88%	-1.48%

Volatility

SJNK vs. SCHD - Volatility Comparison

The current volatility for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) is 0.91%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.66%. 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.

Volatility by Period

	SJNK	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	2.66%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	7.66%	-5.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	10.96%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	14.38%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	16.72%	-10.23%

SJNK vs. SCHD - Expense Ratio Comparison

SJNK has a 0.40% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

SJNK vs. SCHD - Dividend Comparison

SJNK's dividend yield for the trailing twelve months is around 7.02%, more than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF	7.02%	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

Can I hold both SJNK and SCHD in my portfolio?

SJNK and SCHD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJNK or SCHD?

SCHD has higher volatility (2.66%) compared to SJNK (0.91%). In terms of maximum drawdown, SJNK dropped -19.74% vs SCHD's -33.37%.

Which ETF is better, SJNK or SCHD?

On 10-year performance, SCHD leads with 12.77% vs 5.51% for SJNK. On fees, SCHD is cheaper at 0.06% per year. On volatility, SJNK has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SJNK or SCHD?

Over the 10-year period, SCHD has performed better with a 12.77% return vs 5.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SJNK or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.40% for SJNK.

Which ETF pays a higher dividend yield, SJNK or SCHD?

SJNK has the higher dividend yield at 7.02%, compared with 3.26% for SCHD.

What is the main difference between SJNK and SCHD?

SJNK is categorized as High Yield Bonds, while SCHD is Dividend. SJNK tracks Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.40% for SJNK and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.49 vs 2.02), 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.