SJNK vs. SPSB
SJNK (SPDR Bloomberg Barclays Short Term High Yield Bond ETF) and SPSB (SPDR Portfolio Short Term Corporate Bond 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 SPSB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, SJNK returned 5.51%/yr vs 2.63%/yr for SPSB. At a 0.28 correlation, their price movements are largely independent. SJNK charges 0.40%/yr vs 0.07%/yr for SPSB.
Performance
SJNK vs. SPSB - Performance Comparison
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Returns By Period
In the year-to-date period, SJNK achieves a 1.41% return, which is significantly higher than SPSB's 0.84% return. Over the past 10 years, SJNK has outperformed SPSB with an annualized return of 5.51%, while SPSB has yielded a comparatively lower 2.63% 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%
SPSB
- 1D
- -0.07%
- 1M
- 0.26%
- YTD
- 0.84%
- 6M
- 1.17%
- 1Y
- 4.29%
- 3Y*
- 5.29%
- 5Y*
- 2.69%
- 10Y*
- 2.63%
SJNK vs. SPSB - 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% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 0.84% | 5.86% | 5.25% | 5.60% | -3.31% | -0.20% | 3.83% | 5.21% | 1.45% | 1.58% |
Correlation
The correlation between SJNK and SPSB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2012 | 0.28 |
Over the past year, SJNK and SPSB have become more correlated (0.59) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
SJNK vs. SPSB — Risk / Return Rank
SJNK
SPSB
SJNK vs. SPSB - 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 SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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 | SPSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.72 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 4.94 | -1.20 |
| Martin ratioReturn relative to average drawdown | 16.21 | 22.90 | -6.69 |
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 | SPSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 3.25 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.36 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.86 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.87 | -0.07 |
Drawdowns
SJNK vs. SPSB - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for SJNK and SPSB.
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Drawdown Indicators
| SJNK | SPSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -11.75% | -7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -0.87% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -0.87% | -3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -10.18% | -5.96% | -4.22% |
Max Drawdown (10Y)Largest decline over 10 years | -19.74% | -11.75% | -7.99% |
Current DrawdownCurrent decline from peak | -0.19% | -0.14% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -0.54% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.19% | +0.21% |
Volatility
SJNK vs. SPSB - Volatility Comparison
SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a higher volatility of 0.91% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.35%. This indicates that SJNK's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJNK | SPSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.35% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 0.94% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 1.33% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 1.98% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 3.06% | +3.43% |
SJNK vs. SPSB - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Dividends
SJNK vs. SPSB - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.02%, more than SPSB's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.41% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
Frequently Asked Questions
SJNK and SPSB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJNK has higher volatility (0.91%) compared to SPSB (0.35%). In terms of maximum drawdown, SJNK dropped -19.74% vs SPSB's -11.75%.
On 10-year performance, SJNK leads with 5.51% vs 2.63% for SPSB. On fees, SPSB is cheaper at 0.07% per year. On volatility, SPSB has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SJNK has performed better with a 5.51% return vs 2.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPSB is cheaper with a 0.07% expense ratio, compared with 0.40% for SJNK.
SJNK has the higher dividend yield at 7.02%, compared with 4.41% for SPSB.
SJNK is categorized as High Yield Bonds, while SPSB is Corporate Bonds. SJNK tracks Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y), while SPSB tracks Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. Their fees differ too: 0.40% for SJNK and 0.07% for SPSB.
SPSB currently has the higher Sharpe Ratio (3.25 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.
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