WHF vs. JNK
WHF (WhiteHorse Finance, Inc.) is a stock, while JNK (State Street SPDR Bloomberg High Yield Bond ETF) is High Yield Bonds fund tracking the Bloomberg High Yield Very Liquid Index. Over the past 10 years, WHF returned 7.11%/yr vs 4.70%/yr for JNK. At a 0.23 correlation, their price movements are largely independent.
Performance
WHF vs. JNK - Performance Comparison
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Returns By Period
In the year-to-date period, WHF achieves a -0.74% return, which is significantly lower than JNK's 1.82% return. Over the past 10 years, WHF has outperformed JNK with an annualized return of 7.11%, while JNK has yielded a comparatively lower 4.70% annualized return.
WHF
- 1D
- 0.00%
- 1M
- -3.16%
- 6M
- 0.41%
- YTD
- -0.74%
- 1Y
- -15.80%
- 3Y*
- -9.24%
- 5Y*
- -4.14%
- 10Y*
- 7.11%
JNK
- 1D
- -0.18%
- 1M
- -0.01%
- 6M
- 1.33%
- YTD
- 1.82%
- 1Y
- 6.02%
- 3Y*
- 8.24%
- 5Y*
- 3.53%
- 10Y*
- 4.70%
WHF vs. JNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHF WhiteHorse Finance, Inc. | -0.74% | -15.36% | -8.52% | 6.26% | -6.23% | 25.77% | 19.14% | 20.83% | 4.80% | 21.87% |
JNK State Street SPDR Bloomberg High Yield Bond ETF | 1.82% | 8.76% | 7.71% | 12.42% | -12.19% | 4.00% | 4.95% | 14.88% | -3.28% | 6.49% |
Correlation
The correlation between WHF and JNK is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2012 | 0.23 |
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Return for Risk
WHF vs. JNK — Risk / Return Rank
WHF
JNK
WHF vs. JNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WhiteHorse Finance, Inc. (WHF) and State Street SPDR Bloomberg 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WHF | JNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.30 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.41 | -3.04 |
| Martin ratioReturn relative to average drawdown | -1.14 | 10.67 | -11.81 |
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Drawdowns
WHF vs. JNK - Drawdown Comparison
The maximum WHF drawdown since its inception was -57.48%, which is greater than JNK's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for WHF and JNK.
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Drawdown Indicators
| WHF | JNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -38.48% | -19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -25.37% | -2.51% | -22.86% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -5.02% | -32.89% |
Max Drawdown (5Y)Largest decline over 5 years | -37.91% | -16.67% | -21.24% |
Max Drawdown (10Y)Largest decline over 10 years | -57.48% | -22.89% | -34.59% |
Current DrawdownCurrent decline from peak | -30.80% | -0.41% | -30.39% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -3.68% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 0.57% | +13.31% |
Volatility
WHF vs. JNK - Volatility Comparison
WhiteHorse Finance, Inc. (WHF) has a higher volatility of 6.64% compared to State Street SPDR Bloomberg High Yield Bond ETF (JNK) at 0.91%. This indicates that WHF's price experiences larger fluctuations and is considered to be riskier than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WHF | JNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 0.91% | +5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 3.06% | +17.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 3.83% | +24.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 7.56% | +15.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.56% | 8.23% | +23.33% |
Dividends
WHF vs. JNK - Dividend Comparison
WHF's dividend yield for the trailing twelve months is around 18.35%, more than JNK's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNK State Street SPDR Bloomberg High Yield Bond ETF | 6.63% | 6.54% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% |
WHF WhiteHorse Finance, Inc. | 18.35% | 20.72% | 18.44% | 12.60% | 11.26% | 10.03% | 13.96% | 11.79% | 11.16% | 10.58% | 11.67% | 12.37% |
Frequently Asked Questions
WHF and JNK have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WHF has higher volatility (6.64%) compared to JNK (0.91%). In terms of maximum drawdown, WHF dropped -57.48% vs JNK's -38.48%.
JNK currently has the higher Sharpe Ratio (1.58 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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