THYF vs. SJNK
Compare and contrast key facts about T. Rowe Price U.S. High Yield ETF (THYF) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
THYF and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THYF is an actively managed fund by T. Rowe Price. It was launched on Oct 25, 2022. 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: THYF or SJNK.
Correlation
The correlation between THYF and SJNK is 0.63, 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
THYF vs. SJNK - Performance Comparison
Key characteristics
THYF:
1.16
SJNK:
1.34
THYF:
1.64
SJNK:
1.94
THYF:
1.27
SJNK:
1.30
THYF:
1.24
SJNK:
1.50
THYF:
6.00
SJNK:
8.13
THYF:
1.05%
SJNK:
0.88%
THYF:
5.40%
SJNK:
5.34%
THYF:
-5.24%
SJNK:
-19.74%
THYF:
-2.29%
SJNK:
-1.88%
Returns By Period
In the year-to-date period, THYF achieves a -0.40% return, which is significantly lower than SJNK's 0.23% return.
THYF
-0.40%
-1.23%
0.97%
6.63%
N/A
N/A
SJNK
0.23%
-0.76%
1.18%
7.29%
6.93%
4.31%
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THYF vs. SJNK - Expense Ratio Comparison
THYF has a 0.56% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
THYF vs. SJNK — Risk-Adjusted Performance Rank
THYF
SJNK
THYF vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. High Yield ETF (THYF) 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
THYF vs. SJNK - Dividend Comparison
THYF's dividend yield for the trailing twelve months is around 7.36%, more than SJNK's 6.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THYF T. Rowe Price U.S. High Yield ETF | 7.36% | 7.30% | 8.02% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 6.91% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% |
Drawdowns
THYF vs. SJNK - Drawdown Comparison
The maximum THYF drawdown since its inception was -5.24%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for THYF and SJNK. For additional features, visit the drawdowns tool.
Volatility
THYF vs. SJNK - Volatility Comparison
T. Rowe Price U.S. High Yield ETF (THYF) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) have volatilities of 4.34% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.