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 is a corporate bond fund managed by State Street Investment Management with $6.50 billion in assets. It holds a C grade and ranks 12th out of 17 peers in the US Bonds - Corporate category, while sitting at #310 overall among all tracked ETFs. The fund’s 0.4% expense ratio is significantly higher than the category median of 0.06%, though it offers a dividend yield of 6.83% compared to the median 6.04%. Top holdings represent only 9.6% of assets, with the largest single position being State Street Global Advisors at 4.9%.

The ETF has delivered a 1-year return of +1.63%, slightly outperforming the category median of +1.23%, but recent short-term performance shows declines of -2.01% over one month and -1.74% over three months. Despite the negative momentum in the near term, the fund remains positive year-to-date at +0.27% and has gained +1.63% over the last year. The current price of $92.76 sits at 16.5% of its 52-week range, indicating it is near the lower end of its recent trading band. The ETFValuer grade of C has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 0.71, the fund has exhibited lower sensitivity to market movements than the broader market. Annualized volatility is labeled as Very Low at 3.91%, and the maximum drawdown recorded is -5.02%. The Sharpe ratio of -0.86 suggests that risk-adjusted returns have been negative relative to the risk-free rate during the measurement period. Liquidity is supported by an average daily volume of 3,350,104 shares, facilitating trading activity.

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

JNK Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 9.6% 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 8 of the same companies as JNK's top 10 (9.2% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 3.03% (as of 2026-10-06) — 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: Average daily volume is 3.4M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $6.50B 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