SJNK vs. USHY
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
SJNK and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both SJNK and USHY 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 USHY.
Key characteristics
| SJNK | USHY | |
|---|---|---|
| YTD Return | 1.13% | 1.12% |
| 1Y Return | 9.09% | 9.69% |
| 3Y Return (Ann) | 2.88% | 1.52% |
| 5Y Return (Ann) | 4.04% | 3.45% |
| Sharpe Ratio | 1.99 | 1.64 |
| Daily Std Dev | 4.58% | 5.96% |
| Max Drawdown | -19.74% | -22.44% |
| Current Drawdown | -0.64% | -0.93% |
Correlation
The correlation between SJNK and USHY is 0.90, 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.
Performance
SJNK vs. USHY - Performance Comparison
The year-to-date returns for both stocks are quite close, with SJNK having a 1.13% return and USHY slightly lower at 1.12%. 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. USHY - Expense Ratio Comparison
SJNK has a 0.40% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
SJNK vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
SJNK's dividend yield for the trailing twelve months is around 7.50%, more than USHY's 6.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.50% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.83% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SJNK vs. USHY - Drawdown Comparison
The maximum SJNK drawdown since its inception was -19.74%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for SJNK and USHY. For additional features, visit the drawdowns tool.
Volatility
SJNK vs. USHY - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) is 1.30%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.68%. This indicates that SJNK experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.