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 (Ticker: JNK) is a corporate bond ETF, tracking the Bloomberg US High Yield Bond Index. Issued by State Street Investment Management, it ranks #286 out of 458 tracked ETFs across all categories, indicating a moderate position in the market. The fund has an expense ratio of 0.4%, which is relatively low, and a dividend yield of 4.43%, offering a solid income stream for investors. Despite its price of $95.87, the fund's assets under management (AUM) of $7.00B suggest significant investor adoption, reflecting its popularity among bond investors seeking exposure to high-yield corporate debt.

The performance of JNK shows a steady upward trend over the past year, with a 1-year return of +5.75%. This is followed by a 3-year return of +27.28%, indicating a strong long-term performance. In the short term, the fund has shown some volatility, with a 1-day return of +0.10% and a 1-week return of -0.10%, suggesting some day-to-day fluctuations. However, the 1-month and 3-month returns of +1.05% and +1.31%, respectively, indicate a gradual acceleration in performance over the past quarter. The 6-month and year-to-date (YTD) returns of +1.49% and +2.47% further support this trend, showing consistent growth over the past six months and year.

JNK is labeled as having a 'Very Low' volatility, which suggests that the fund's price movements are relatively stable compared to other high-yield bond ETFs. However, its beta of 0.67 indicates a slightly higher sensitivity to market movements compared to the overall market, implying that it may experience more pronounced price swings during market downturns. The Sharpe ratio of 0.20 suggests a moderate risk-adjusted return, meaning that the fund offers a reasonable return for the level of risk it takes. The maximum drawdown of -5.02% indicates that the fund has experienced a significant decline in value, but not as severe as some other high-yield bond ETFs. Overall, these figures suggest that JNK is a relatively low-risk investment with a moderate risk-adjusted return, suitable for investors seeking exposure to high-yield corporate bonds with a focus on stability and income.

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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.75% (as of 2026-08-20) — 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 0.52% and average daily volume is 2.8M/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 $7.00B 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