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 ETFValuer tracks as containing 17 funds. Issued by State Street Investment Management, the fund has accumulated assets under management of $4.88 billion while trading at a price of $24.79. It holds an overall rank of #321 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 55.1 out of 100. The fund charges an expense ratio of 0.4% and offers a dividend yield of 7.00%. This combination of a substantial asset base and a high yield suggests significant investor adoption relative to the fund's cost structure and income generation capabilities.

Over the most recent trading day, the fund posted a return of -0.04%, followed by a weekly decline of -0.52% and a monthly loss of -0.21%. Despite these short-term negative figures, the fund turned positive over the three-month period with a gain of +0.17% and extended that momentum to a +0.76% return over six months. Year-to-date performance stands at +1.35%, while the one-year return reached +4.32%. The longer-term trajectory shows continued growth, with the three-year annualized return totaling +24.22%. This pattern indicates a divergence where recent short-term volatility has been offset by sustained positive performance over the medium and long term.

SJNK carries a volatility label of Very Low and a beta of 0.47, indicating that the fund generally experiences less price fluctuation than the broader market. However, the fund recorded a maximum drawdown of -4.77% during the measured period. The Sharpe ratio stands at -0.21, suggesting that the risk-adjusted returns have been negative relative to the risk-free rate over the calculation window. This combination of low volatility and beta with a negative Sharpe ratio implies that while the fund moves less aggressively than the market, its recent returns have not sufficiently compensated for the risk taken. The maximum drawdown figure further quantifies the peak-to-trough decline investors have faced despite the low volatility classification.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 2.77% (as of 2026-07-23) — 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 0.08% and average daily volume is 2.4M/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