VNLA vs. JNK
Compare and contrast key facts about Janus Henderson Short Duration Income ETF (VNLA) and SPDR Barclays High Yield Bond ETF (JNK).
VNLA and JNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNLA is an actively managed fund by Janus Henderson. It was launched on Nov 16, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNLA or JNK.
Key characteristics
| VNLA | JNK | |
|---|---|---|
| YTD Return | 5.56% | 8.34% |
| 1Y Return | 7.16% | 14.99% |
| 3Y Return (Ann) | 3.76% | 2.29% |
| 5Y Return (Ann) | 2.90% | 3.58% |
| Sharpe Ratio | 7.15 | 2.95 |
| Sortino Ratio | 13.51 | 4.57 |
| Omega Ratio | 3.09 | 1.58 |
| Calmar Ratio | 24.82 | 1.97 |
| Martin Ratio | 115.51 | 23.29 |
| Ulcer Index | 0.06% | 0.61% |
| Daily Std Dev | 1.00% | 4.82% |
| Max Drawdown | -4.49% | -38.48% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VNLA and JNK is 0.15, 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.
Performance
VNLA vs. JNK - Performance Comparison
In the year-to-date period, VNLA achieves a 5.56% return, which is significantly lower than JNK's 8.34% 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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VNLA vs. JNK - Expense Ratio Comparison
VNLA has a 0.26% expense ratio, which is lower than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
VNLA vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) 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
VNLA vs. JNK - Dividend Comparison
VNLA's dividend yield for the trailing twelve months is around 4.82%, less than JNK's 6.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNLA Janus Henderson Short Duration Income ETF | 4.82% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 3.74% | 1.79% | 0.08% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.52% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
VNLA vs. JNK - Drawdown Comparison
The maximum VNLA drawdown since its inception was -4.49%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for VNLA and JNK. For additional features, visit the drawdowns tool.
Volatility
VNLA vs. JNK - Volatility Comparison
The current volatility for Janus Henderson Short Duration Income ETF (VNLA) is 0.24%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.12%. This indicates that VNLA 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.