SJNK — State Street SPDR Bloomberg Short Term High Yield Bond ETF

SJNK Price Performance — Growth of $10,000

Value of a $10,000 investment in SJNK 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.

SJNK Drawdown

The "underwater" chart: SJNK'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 Short Term High Yield Bond ETF (SJNK) operates within the US Bonds - Corporate category, which currently contains 17 ETFs tracked by ETFValuer. Issued by State Street Investment Management, the fund manages $4.88 billion in assets and trades at a price of $24.83. It holds an overall rank of #329 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.8 out of 100. The fund carries an expense ratio of 0.4% while offering a dividend yield of 7.00%. The substantial asset base relative to the category size suggests significant investor adoption despite the moderate overall ranking. This combination of high yield and moderate cost positions the fund as a notable component within its specific bond sector.

Short-term performance shows mixed results with a 1-day gain of +0.12% followed by a 1-week decline of -0.24% and a 1-month drop of -0.13%. The trend shifts to positive territory over longer horizons, recording a 3-month return of +0.17% and a 6-month return of +0.92%. Year-to-date performance stands at +1.52%, while the 1-year return has reached +4.57%. The 3-year return demonstrates a significantly stronger trajectory at +25.12%, indicating a divergence between recent short-term fluctuations and sustained long-term growth. This pattern suggests that while recent monthly periods have been volatile or flat, the fund has delivered consistent positive returns over the annual and multi-year periods.

SJNK is classified with a Very Low volatility label and exhibits a beta of 0.47, indicating lower sensitivity to broader market movements compared to the average asset. Despite the low volatility, the fund recorded a maximum drawdown of -4.77% during its tracked history. The Sharpe ratio of -0.14 suggests that the risk-adjusted returns have been negative over the measured period, implying that the returns generated did not sufficiently compensate for the risk taken. This combination of low beta and very low volatility with a negative Sharpe ratio points to a fund that moves less than the market but has struggled to generate excess returns relative to its risk profile. The modest maximum drawdown aligns with the low volatility classification, showing limited downside severity even when returns were negative.

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

SJNK Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 10.8% 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 SJNK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SJNK

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SJNK's top 10 — JNK overlaps most, holding 5 of the same companies as SJNK's top 10 (9.5% of SJNK'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.

SJNK Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 2.3M/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 $4.88B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SJNK 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.

SJNK Performance History

How SJNK Compares to Other US Bonds - Corporate ETFs