JNK — State Street SPDR Bloomberg High Yield Bond ETF

JNK Price Performance — Growth of $10,000

Value of a $10,000 investment in JNK over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

JNK Drawdown

The "underwater" chart: JNK's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR Bloomberg High Yield Bond ETF (JNK) operates within the US Bonds - Corporate category, which ETFValuer tracks across 17 funds. Issued by State Street Investment Management, the fund has accumulated assets under management of $7.35 billion while trading at a price of $95.61. It holds an overall rank of #308 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of C with a score of 56.4 out of 100. The fund charges an expense ratio of 0.4% and offers a dividend yield of 4.44%. The substantial asset base and moderate pricing suggest significant investor adoption relative to the broader universe of tracked funds. Its position in the middle of the overall ranking indicates a mixed performance profile compared to the total set of available options.

Over the most recent trading day, the fund posted a return of +0.16% before slipping -0.30% over the following week. Monthly performance showed a slight decline of -0.08%, though the three-month horizon reversed this trend with a gain of +0.29%. The six-month return accelerated further to +0.92%, contributing to a year-to-date increase of +1.63%. Over the past year, the fund generated a total return of +5.20%, which is comparable to its closest category peers USHY at +5.09% and SPHY at +5.15%. The three-year annualized return stands at +27.00%, indicating a distinct divergence between short-term volatility and longer-term accumulation. This pattern suggests a recovery in momentum after the initial weekly and monthly dips observed in the recent data.

The fund carries a volatility label of Very Low and a beta of 0.67, implying that its price movements are generally less sensitive to broader market fluctuations. A Sharpe ratio of 0.05 indicates that the risk-adjusted returns have been minimal relative to the volatility experienced. The maximum drawdown recorded for the fund is -5.02%, which reflects the largest peak-to-trough decline during the measured period. This combination of low beta and very low volatility suggests the fund tends to move less aggressively than the market in both up and down environments. However, the low Sharpe ratio implies that the limited downside protection has not translated into significant excess returns for the risk taken. Investors should note that while the fund appears stable, the return profile has not been robust enough to generate a high risk-adjusted score.

AI-generated summary based on the data on this page.

JNK Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 10.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how JNK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With JNK

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with JNK's top 10 — SPHY overlaps most, holding 7 of the same companies as JNK's top 10 (10.0% of JNK's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.81% (as of 2026-07-27) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

JNK Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.51% and average daily volume is 2.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $7.35B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: JNK is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

JNK Performance History

How JNK Compares to Other US Bonds - Corporate ETFs