Correlation
The correlation between SSTHX and SJNK is 0.36, 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.
SSTHX vs. SJNK
Compare and contrast key facts about Allspring Short-Term High Yield Bond Fund (SSTHX) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
SSTHX is managed by Allspring Global Investments. It was launched on Feb 29, 2000. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSTHX or SJNK.
Performance
SSTHX vs. SJNK - Performance Comparison
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Key characteristics
SSTHX:
2.76
SJNK:
1.70
SSTHX:
4.64
SJNK:
2.46
SSTHX:
1.78
SJNK:
1.40
SSTHX:
3.65
SJNK:
1.90
SSTHX:
16.92
SJNK:
10.21
SSTHX:
0.44%
SJNK:
0.89%
SSTHX:
2.78%
SJNK:
5.39%
SSTHX:
-14.24%
SJNK:
-19.74%
SSTHX:
-0.13%
SJNK:
0.00%
Returns By Period
In the year-to-date period, SSTHX achieves a 1.68% return, which is significantly lower than SJNK's 2.39% return. Over the past 10 years, SSTHX has underperformed SJNK with an annualized return of 4.01%, while SJNK has yielded a comparatively higher 4.50% annualized return.
SSTHX
1.68%
0.38%
1.68%
6.98%
6.83%
5.58%
4.01%
SJNK
2.39%
1.53%
1.90%
8.73%
6.87%
6.46%
4.50%
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SSTHX vs. SJNK - Expense Ratio Comparison
SSTHX has a 0.94% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
SSTHX vs. SJNK — Risk-Adjusted Performance Rank
SSTHX
SJNK
SSTHX vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Short-Term High Yield Bond Fund (SSTHX) 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.
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Dividends
SSTHX vs. SJNK - Dividend Comparison
SSTHX's dividend yield for the trailing twelve months is around 6.37%, less than SJNK's 7.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSTHX Allspring Short-Term High Yield Bond Fund | 6.37% | 8.28% | 6.89% | 4.89% | 3.66% | 3.34% | 3.27% | 3.19% | 2.82% | 2.93% | 3.05% | 3.29% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.42% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% |
Drawdowns
SSTHX vs. SJNK - Drawdown Comparison
The maximum SSTHX drawdown since its inception was -14.24%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for SSTHX and SJNK.
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Volatility
SSTHX vs. SJNK - Volatility Comparison
The current volatility for Allspring Short-Term High Yield Bond Fund (SSTHX) is 0.57%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 1.38%. This indicates that SSTHX 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.
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