SLQD vs. SJNK
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
SLQD and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. 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. Both SLQD and SJNK 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: SLQD or SJNK.
Performance
SLQD vs. SJNK - Performance Comparison
Returns By Period
In the year-to-date period, SLQD achieves a 4.38% return, which is significantly lower than SJNK's 7.90% return. Over the past 10 years, SLQD has underperformed SJNK with an annualized return of 2.22%, while SJNK has yielded a comparatively higher 4.38% annualized return.
SLQD
4.38%
-0.36%
3.30%
6.79%
2.05%
2.22%
SJNK
7.90%
0.26%
5.79%
11.88%
5.18%
4.38%
Key characteristics
| SLQD | SJNK | |
|---|---|---|
| Sharpe Ratio | 3.47 | 3.27 |
| Sortino Ratio | 5.75 | 5.13 |
| Omega Ratio | 1.76 | 1.66 |
| Calmar Ratio | 3.78 | 7.12 |
| Martin Ratio | 23.09 | 28.35 |
| Ulcer Index | 0.31% | 0.42% |
| Daily Std Dev | 2.03% | 3.65% |
| Max Drawdown | -12.69% | -19.74% |
| Current Drawdown | -0.68% | -0.59% |
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SLQD vs. SJNK - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than SJNK's 0.40% expense ratio.
Correlation
The correlation between SLQD and SJNK is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SLQD vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). 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
SLQD vs. SJNK - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.60%, less than SJNK's 7.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.31% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
Drawdowns
SLQD vs. SJNK - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for SLQD and SJNK. For additional features, visit the drawdowns tool.
Volatility
SLQD vs. SJNK - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.54%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 0.89%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.