SJNK vs. SCYB
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and Schwab High Yield Bond ETF (SCYB).
SJNK and SCYB 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. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023. Both SJNK and SCYB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SJNK vs. SCYB - Performance Comparison
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SJNK vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | -0.02% | 7.68% | 8.24% | 6.31% |
SCYB Schwab High Yield Bond ETF | -0.10% | 8.33% | 8.15% | 6.74% |
Returns By Period
In the year-to-date period, SJNK achieves a -0.02% return, which is significantly higher than SCYB's -0.10% return.
SJNK
- 1D
- 0.21%
- 1M
- -0.31%
- YTD
- -0.02%
- 6M
- 0.97%
- 1Y
- 6.59%
- 3Y*
- 7.86%
- 5Y*
- 4.76%
- 10Y*
- 5.84%
SCYB
- 1D
- 0.36%
- 1M
- -0.82%
- YTD
- -0.10%
- 6M
- 0.87%
- 1Y
- 7.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SJNK vs. SCYB - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Return for Risk
SJNK vs. SCYB — Risk / Return Rank
SJNK
SCYB
SJNK vs. SCYB - 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 High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.24 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.82 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.68 | +0.08 |
Martin ratioReturn relative to average drawdown | 10.05 | 8.84 | +1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SJNK | SCYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.24 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.64 | -0.86 |
Correlation
The correlation between SJNK and SCYB is 0.93, 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.
Dividends
SJNK vs. SCYB - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.13%, which matches SCYB's 7.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.13% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
SCYB Schwab High Yield Bond ETF | 7.06% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SJNK vs. SCYB - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for SJNK and SCYB.
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Drawdown Indicators
| SJNK | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -4.92% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -4.22% | +0.39% |
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 | -0.61% | -1.14% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -0.53% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.80% | -0.13% |
Volatility
SJNK vs. SCYB - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) is 1.83%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 2.28%. This indicates that SJNK experiences smaller price fluctuations and is considered to be less risky than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJNK | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 2.28% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 2.93% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 5.68% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 5.20% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 5.20% | +1.29% |