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ETFs

SPDR Bloomberg High Yield Bond ETF

JNK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 28 2007
Expense Ratio
0.40%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$660,343,807
AUM
$7,464,764,834
Associated Index
Bloomberg High Yield Very Liquid Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
STATE STREET INSTITUTIONAL LIQ
0.50%
MZDM5272642
MEDLINE BORROWER LP SR SECURED 144A 04/29 3.875
0.45%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.45%
DISH5500551
DISH NETWORK CORP SR SECURED 144A 11/27 11.75
0.42%
SLH5479266
CLOUD SOFTWARE GRP INC SR SECURED 144A 03/29 6.5
0.42%
ERI5004410
CAESARS ENTERTAIN INC SR SECURED 144A 07/25 6.25
0.40%
CLSR5567746
CLOUD SOFTWARE GRP INC SECURED 144A 09/29 9
0.40%
T5226549
DIRECTV FIN LLC/COINC SR SECURED 144A 08/27 5.875
0.39%
CCL5129977
CARNIVAL CORP COMPANY GUAR 144A 03/27 5.75
0.38%
AAL5147590
AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/26 5.5
0.37%
Invest with JNK

What is JNK?

The SPDR Bloomberg Barclays High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index"). Seeks to provide a a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidity. A more cost efficient way to implement a high yield exposure than via individual bonds.

ETFs related toJNK

ETFs correlated to JNK include HYG, HYLB, USHY

JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJNK

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with JNK using Composer

FAQ

JNK is a US Bonds ETF. The SPDR Bloomberg Barclays High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index"). Seeks to provide a a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidity. A more cost efficient way to implement a high yield exposure than via individual bonds.

JNK tracks the Bloomberg High Yield Very Liquid Index.

No, JNK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JNK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JNK is 0.0001%. This is the percent change in the value of JNK over the most recent 1-month period. The 3-month return on JNK is 0.0118%. This is the percent change in the value of JNK over the most recent 3-month period.

The standard deviation of JNK for the past year is 0.0994%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JNK include IGSB, SPIB, and VCIT.

ETFs correlated to JNK include HYG, HYLB, and USHY.

ETFs that are inversely correlated to JNK include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.