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ETFs

SPDR Bloomberg Short Term High Yield Bond ETF

SJNK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 14 2012
Expense Ratio
0.40%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$105,173,963
AUM
$3,882,998,779
Associated Index
Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.80%
ERI5004410
CAESARS ENTERTAIN INC SR SECURED 144A 07/25 6.25
0.72%
AAL5147590
AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/26 5.5
0.58%
DISH5500551
DISH NETWORK CORP SR SECURED 144A 11/27 11.75
0.58%
T5226549
DIRECTV FIN LLC/COINC SR SECURED 144A 08/27 5.875
0.57%
CCL5129977
CARNIVAL CORP COMPANY GUAR 144A 03/27 5.75
0.56%
CHTR4445834
CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 05/27 5.125
0.54%
n/a
Springleaf Fin 7.125 % Notes 2018-15.03.26 Global
0.48%
n/a
STATE STREET INSTITUTIONAL LIQ
0.44%
ISNP4137003
INTESA SANPAOLO SPA SUBORDINATED 144A 06/24 5.017
0.43%
Invest with SJNK

What is SJNK?

The SPDR Bloomberg Barclays Short Term 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 US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index (the "Index"). Seeks to provide diversified exposure to short-term US dollar-denominated high yield corporate bonds. Potentially presents less interest rate risk than high yield bonds with longer duration.

ETFs related toSJNK

ETFs correlated to SJNK include SHYG, USHY, JNK

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

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 toSJNK

#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 SJNK using Composer

FAQ

SJNK is a US Bonds ETF. The SPDR Bloomberg Barclays Short Term 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 US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index (the "Index"). Seeks to provide diversified exposure to short-term US dollar-denominated high yield corporate bonds. Potentially presents less interest rate risk than high yield bonds with longer duration.

SJNK tracks the Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index.

No, SJNK 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, SJNK 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 SJNK is 0.0037%. This is the percent change in the value of SJNK over the most recent 1-month period. The 3-month return on SJNK is 0.0182%. This is the percent change in the value of SJNK over the most recent 3-month period.

The standard deviation of SJNK for the past year is 0.0761%. 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 SJNK include IGSB, SPIB, and VCIT.

ETFs correlated to SJNK include SHYG, USHY, and JNK.

ETFs that are inversely correlated to SJNK 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.