USHY vs. JNK
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond ETF (USHY) and SPDR Barclays High Yield Bond ETF (JNK).
USHY and JNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007. Both USHY and JNK 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: USHY or JNK.
Key characteristics
| USHY | JNK | |
|---|---|---|
| YTD Return | 8.20% | 7.60% |
| 1Y Return | 13.40% | 13.02% |
| 3Y Return (Ann) | 3.01% | 2.33% |
| 5Y Return (Ann) | 4.30% | 3.45% |
| Sharpe Ratio | 3.01 | 2.71 |
| Sortino Ratio | 4.72 | 4.14 |
| Omega Ratio | 1.60 | 1.52 |
| Calmar Ratio | 2.86 | 2.03 |
| Martin Ratio | 23.17 | 20.65 |
| Ulcer Index | 0.57% | 0.61% |
| Daily Std Dev | 4.35% | 4.68% |
| Max Drawdown | -22.44% | -38.48% |
| Current Drawdown | -0.67% | -0.68% |
Correlation
The correlation between USHY and JNK is 0.94, 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
USHY vs. JNK - Performance Comparison
In the year-to-date period, USHY achieves a 8.20% return, which is significantly higher than JNK's 7.60% 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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USHY vs. JNK - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
USHY vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) and SPDR Barclays High Yield Bond ETF (JNK). 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
USHY vs. JNK - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.70%, more than JNK's 6.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.70% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.56% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
USHY vs. JNK - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for USHY and JNK. For additional features, visit the drawdowns tool.
Volatility
USHY vs. JNK - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 1.08%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.22%. This indicates that USHY experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.