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 is a corporate bond fund managed by State Street Investment Management with $4.52 billion in assets. It holds a C grade and ranks 13th out of 17 peers in the US Bonds - Corporate category, placing it in the lower tier of its specific group. The fund’s 0.4% expense ratio is significantly higher than the category median of 0.06%, reflecting a cost structure that exceeds typical benchmarks. Despite the higher fees, the ETF offers a dividend yield of 7.19%, which is notably above the category median of 5.87%. Top holdings account for only 9.9% of assets, with the largest position being State Street Global Advisors at 5.5%.

Over the past year, the fund returned 1.68%, slightly outperforming the category median of 1.29%. However, shorter-term performance shows a divergence, with one-month and three-month returns negative at -0.78% and -1.10% respectively. The price of $24.10 sits at 6.9% of its 52-week range, indicating it is near the lower end of recent trading levels. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, suggesting stability in its assessment. Historical data is available for 3.0 years, providing a limited but sufficient record for recent trend analysis.

The fund exhibits a beta of 0.52, indicating it moves less than half as much as the broader market. Annualized volatility is labeled Very Low at 3.16%, contributing to a relatively stable price action despite negative returns in recent months. The Sharpe ratio of -1.05 suggests that risk-adjusted returns have been poor over the measured period. Maximum drawdown was limited to -4.77%, showing that peak-to-trough losses have been contained. Liquidity is robust, with an average daily volume of 3,046,721 shares facilitating easy entry and exit.

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

SJNK Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 9.9% 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 — SHYG overlaps most, holding 6 of the same companies as SJNK's top 10 (3.5% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.40% (as of 2026-10-22) — 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: Average daily volume is 3.0M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $4.52B 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