JNK — State Street SPDR Bloomberg High Yield Bond ETF

Overview

The State Street SPDR Bloomberg High Yield Bond ETF (JNK) operates within the US Bonds - Corporate category, which currently contains five funds tracked by ETFValuer. Issued by State Street Investment Management, the fund has accumulated assets under management of $7.35 billion while trading at a price of $95.90. It holds an overall rank of #92 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.9 out of 100. Investors in this fund face an expense ratio of 0.4% while receiving a dividend yield of 4.42%. The substantial asset size and moderate price point suggest significant investor adoption relative to the small number of peers in its specific category. This combination of high yield and moderate cost positions the fund as a notable option within the broader bond landscape despite its mid-tier ranking.

Over the most recent single day, the fund declined by 0.16% before recovering slightly to gain 0.06% over the one-week period. Monthly returns accelerated to +0.73% and continued to strengthen to +1.08% over the three-month horizon. The upward trajectory persisted into the six-month mark with a return of +1.12%, while year-to-date performance reached +1.39%. Annual returns showed a significant jump to +5.47%, and the three-year return figure stands at +25.43%. This pattern indicates a divergence where short-term fluctuations were minimal compared to the more robust gains observed over the one-year and three-year periods. The data suggests that while daily and weekly movements were flat or slightly negative, the longer-term holding periods have delivered positive compounding returns.

The fund carries a volatility label of Very Low, which aligns with a beta of 0.67 indicating lower sensitivity to broader market movements. A Sharpe ratio of 0.12 suggests that the risk-adjusted returns generated have been relatively modest relative to the volatility experienced. The maximum drawdown recorded for the fund is -5.02%, reflecting the largest peak-to-trough decline observed in its history. This combination of low volatility and a limited maximum drawdown implies that the fund has experienced relatively contained losses during market downturns. However, the low Sharpe ratio indicates that the returns generated during these periods may not have fully compensated for the risks taken, even if those risks were limited in magnitude.

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.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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: 2.67% (as of 2026-07-07) — 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 Performance History

How JNK Compares to Other US Bonds - Corporate ETFs