SSHY.L vs. SJNK
Compare and contrast key facts about PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
SSHY.L and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSHY.L is a passively managed fund by PIMCO that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Mar 14, 2012. 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 SSHY.L 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: SSHY.L or SJNK.
Key characteristics
| SSHY.L | SJNK | |
|---|---|---|
| YTD Return | 1.49% | 7.85% |
| 1Y Return | 1.86% | 11.88% |
| 3Y Return (Ann) | 3.05% | 4.58% |
| 5Y Return (Ann) | 2.94% | 5.18% |
| 10Y Return (Ann) | 5.63% | 4.37% |
| Sharpe Ratio | 0.39 | 3.20 |
| Sortino Ratio | 0.62 | 5.02 |
| Omega Ratio | 1.07 | 1.65 |
| Calmar Ratio | 0.24 | 6.99 |
| Martin Ratio | 1.15 | 27.92 |
| Ulcer Index | 2.03% | 0.42% |
| Daily Std Dev | 6.01% | 3.66% |
| Max Drawdown | -15.94% | -19.74% |
| Current Drawdown | -4.78% | -0.62% |
Correlation
The correlation between SSHY.L and SJNK is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SSHY.L vs. SJNK - Performance Comparison
In the year-to-date period, SSHY.L achieves a 1.49% return, which is significantly lower than SJNK's 7.85% return. Over the past 10 years, SSHY.L has outperformed SJNK with an annualized return of 5.63%, while SJNK has yielded a comparatively lower 4.37% annualized return. 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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SSHY.L vs. SJNK - Expense Ratio Comparison
SSHY.L has a 0.55% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
SSHY.L vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) 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
SSHY.L vs. SJNK - Dividend Comparison
SSHY.L has not paid dividends to shareholders, while SJNK's dividend yield for the trailing twelve months is around 7.31%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 0.00% | 2.49% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.89% | 6.63% | 7.85% | 7.04% | 1.85% |
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
SSHY.L vs. SJNK - Drawdown Comparison
The maximum SSHY.L drawdown since its inception was -15.94%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for SSHY.L and SJNK. For additional features, visit the drawdowns tool.
Volatility
SSHY.L vs. SJNK - Volatility Comparison
PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) has a higher volatility of 1.44% compared to SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) at 0.89%. This indicates that SSHY.L's price experiences larger fluctuations and is considered to be riskier than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.