JNK vs SPY

Comparison between SPDR(R) BLOOMBERG HIGH YIELD BOND ETF (JNK, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed JNK, delivering a return of +13.3% compared to +3.7%

JNK vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JNK(ETF)	SPY(ETF)
Net Assets	$7B	$652B
Expense Ratio	0.40%	0.09%
Max Drawdown	46.21%	56.47%
Sharpe Ratio	1.29	2.07
5Y Beta	0.24	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	5.24%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

JNK

$7B

Winner

SPY

$652B

Expense Ratio

JNK

0.40%

Winner

SPY

0.09%

Max Drawdown

Winner

JNK

46.21%

SPY

56.47%

Sharpe Ratio

JNK

1.29

Winner

SPY

2.07

5Y Beta

Winner

JNK

0.24

SPY

1.00

P/E Ratio

JNK

N/A

SPY

28.24

Forward P/E

JNK

N/A

SPY

21.85

5Y Dividends CAGR

JNK

5.24%

Winner

SPY

5.43%

5Y EPS CAGR

JNK

N/A

SPY

25.79%

Debt to Equity

JNK

N/A

SPY

22.35%

P/S Ratio

JNK

N/A

SPY

3.55

P/B Ratio

JNK

N/A

SPY

5.29

JNK vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	JNK	SPY
1 month	+0.59%	+9.11%
3 months	+0.58%	+6.59%
6 months	+3.05%	+10.56%
1 year	+9.05%	+32.04%
5 years(CAGR)	+3.75%	+13.35%
10 years(CAGR)	+5.20%	+15.49%
Max(CAGR)	+4.98%	+8.50%

JNK

+0.59%

Winner

SPY

+9.11%

JNK

+0.58%

Winner

SPY

+6.59%

JNK

+3.05%

Winner

SPY

+10.56%

JNK

+9.05%

Winner

SPY

+32.04%

5Y(CAGR)

JNK

+3.75%

Winner

SPY

+13.35%

10Y(CAGR)

JNK

+5.20%

Winner

SPY

+15.49%

Max(CAGR)

JNK

+4.98%

Winner

SPY

+8.50%

JNK vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	JNK	SPY
2026	+1.48%	+8.27%
2025	+8.44%	+18.00%
2024	+8.04%	+25.59%
2023	+12.19%	+26.72%
2022	-12.15%	-18.64%
2021	+4.25%	+30.52%
2020	+4.53%	+17.28%
2019	+15.02%	+31.09%
2018	-3.38%	-5.24%
2017	+5.96%	+20.78%
2016	+15.00%	+13.59%
2015	-6.94%	+1.31%
2014	+0.85%	+14.56%
2013	+5.04%	+29.00%
2012	+12.84%	+14.17%
2011	+4.70%	+0.85%
2010	+12.72%	+13.14%
2009	+39.70%	+22.67%
2008	-24.89%	-36.25%
2007	+0.69%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

JNK vs SPY Drawdown Comparison

The maximum drawdown for JNK was -38.51%, occurring on Nov 21, 2008. Recovery took 456 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current JNK drawdown is -0.03%.

Rank	JNK	SPY
#1	-38.51% Jan 2, 2008 - Oct 22, 2009	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-22.90% Feb 20, 2020 - Nov 4, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-16.95% Sep 2, 2014 - Aug 29, 2016	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-16.68% Dec 27, 2021 - Mar 20, 2024	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.93% Jul 21, 2011 - Jan 18, 2012	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-8.74% May 3, 2010 - Jul 23, 2010	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-7.26% May 8, 2013 - Nov 29, 2013	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-7.10% Oct 1, 2018 - Feb 5, 2019	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.48% Jan 8, 2010 - Mar 9, 2010	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.02% Feb 28, 2025 - May 12, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.60% May 2, 2012 - Jun 29, 2012	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.55% May 31, 2011 - Jul 7, 2011	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.23% Oct 24, 2016 - Dec 13, 2016	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.90% Nov 4, 2010 - Jan 5, 2011	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.22% Jan 5, 2018 - Aug 6, 2018	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between JNK and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (1999 - 2026)

JNK vs SPY dividend yield comparison.

Year	JNK	SPY
2026	2.21%	0.24%
2025	6.54%	1.07%
2024	6.63%	1.21%
2023	6.38%	1.40%
2022	6.06%	1.65%
2021	4.27%	1.20%
2020	5.12%	1.52%
2019	5.44%	1.75%
2018	5.90%	2.04%
2017	5.60%	1.80%
2016	6.06%	2.03%
2015	6.59%	2.06%
2014	5.99%	1.87%
2013	6.05%	1.81%
2012	6.75%	2.18%
2011	8.39%	2.05%
2010	10.89%	1.80%
2009	12.15%	1.95%
2008	12.89%	3.02%
2007	0.74%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%