SPDR® Bloomberg High Yield Bond ETF

10-Year Study

JNK.US · · US · ETF

Executive Summary: SPDR® Bloomberg High Yield Bond ETF has compounded at 4.9% annually over the last 10 years, with a maximum drawdown of 16.2% and an annualized volatility of 7.6%.

1Y CAGR
+6.5%
3Y CAGR
+8.8%
5Y CAGR
+3.5%
10Y CAGR
+4.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
16.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.14
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.15
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
7.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +14.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -12.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.6-0.5-1.61.6————————0.1%
20251.40.9-1.3-0.11.82.00.21.21.0-0.10.80.68.8%
20240.10.31.2-1.31.60.52.21.61.6-1.01.7-0.97.7%
20234.0-1.92.10.1-1.21.91.30.2-1.7-1.14.83.412.4%
2022-2.8-0.8-1.3-4.41.5-7.66.8-4.2-3.93.13.6-1.9-12.2%
2021-0.50.21.00.70.11.30.20.5-0.2-0.3-1.32.44.0%
2020-0.5-1.5-11.05.03.5-0.35.40.1-1.00.53.52.14.9%
20195.21.41.31.3-2.03.10.10.70.4-0.10.62.014.9%
2018-0.1-0.9-0.50.5-0.20.11.80.60.6-2.0-0.7-2.3-3.3%
20171.31.3-0.31.01.10.11.00.10.60.2-0.40.36.5%
2016———3.60.31.81.61.91.0-0.80.11.912.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.6%. The dominant macroeconomic risk driver is HYG.US, accounting for 97.6% of variance. Idiosyncratic stock-specific factors contribute 0.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110362.243175147407
2016-05-0110395.04056382417
2016-06-0110586.95896863122
2016-07-0110753.04120453345
2016-08-0110953.392728815468
2016-09-0111063.733257140877
2016-10-0110980.735430357498
2016-11-0110994.6059205001
2016-12-0111205.728287314822
2017-01-0111347.15187407465
2017-02-0111496.99126384235
2017-03-0111461.648354502717
2017-04-0111580.629799908224
2017-05-0111712.321532161008
2017-06-0111718.867156722685
2017-07-0111835.458929669168
2017-08-0111842.870377585563
2017-09-0111914.422019619557
2017-10-0111938.976769959392
2017-11-0111897.036286656794
2017-12-0111932.586993601566
2018-01-0111926.076001974077
2018-02-0111818.523424850864
2018-03-0111754.071534325567
2018-04-0111810.350052382313
2018-05-0111781.448868801786
2018-06-0111790.366849355394
2018-07-0111999.238075447849
2018-08-0112073.473769881468
2018-09-0112148.090426591167
2018-10-0111906.006216611686
2018-11-0111817.138107483312
2018-12-0111542.360407629634
2019-01-0112147.138020900977
2019-02-0112321.566793942698
2019-03-0112478.852264560985
2019-04-0112642.215815129399
2019-05-0112391.525321004008
2019-06-0112778.375195892533
2019-07-0112795.934093526237
2019-08-0112880.992579893851
2019-09-0112930.864005125675
2019-10-0112923.400607807995
2019-11-0112999.142834878827
2019-12-0113259.911512853147
2020-01-0113199.390460358278
2020-02-0113004.684104349031
2020-03-0111571.296224144351
2020-04-0112153.891443067783
2020-05-0112582.837649462757
2020-06-0112539.304051187477
2020-07-0113216.74156038685
2020-08-0113231.148861009377
2020-09-0113098.97226767795
2020-10-0113160.116712988214
2020-11-0113625.825779024563
2020-12-0113915.85928638839
2021-01-0113846.887797951462
2021-02-0113867.909989004043
2021-03-0114002.008710182947
2021-04-0114104.76462592102
2021-05-0114115.27572144731
2021-06-0114302.01650259314
2021-07-0114328.216317306944
2021-08-0114406.850394382538
2021-09-0114372.044295522826
2021-10-0114325.601530775692
2021-11-0114138.912699031143
2021-12-0114472.583703472817
2022-01-0114072.677212395129
2022-02-0113954.873286752036
2022-03-0113766.799137639939
2022-04-0113161.086435145502
2022-05-0113353.922612708555
2022-06-0112336.164575703266
2022-07-0113173.000164506439
2022-08-0112616.691342632275
2022-09-0112127.951375360397
2022-10-0112499.233746331072
2022-11-0112951.453284500896
2022-12-0112707.845225417112
2023-01-0113220.395334943763
2023-02-0112970.345550100868
2023-03-0113247.253175407155
2023-04-0113265.089136514367
2023-05-0113099.318597019837
2023-06-0113347.861849225523
2023-07-0113524.957358199781
2023-08-0113558.603253764168
2023-09-0113330.3549009931
2023-10-0113186.628224109718
2023-11-0113822.125250006495
2023-12-0114286.32778340563
2024-01-0114307.436556793682
2024-02-0114350.225546983906
2024-03-0114519.32084816056
2024-04-0114326.70978466973
2024-05-0114551.754591028339
2024-06-0114621.661168688364
2024-07-0114949.808220126928
2024-08-0115185.779717222093
2024-09-0115422.703620007445
2024-10-0115270.128228438833
2024-11-0115523.883737239927
2024-12-0115388.86724330502
2025-01-0115596.803380174375
2025-02-0115741.967323826593
2025-03-0115531.399083958891
2025-04-0115521.978925859548
2025-05-0115806.93870836472
2025-06-0116121.128687325212
2025-07-0116147.726780782183
2025-08-0116341.98290864698
2025-09-0116512.705957730504
2025-10-0116502.142912802927
2025-11-0116637.31525494169
2025-12-0116736.95420660277
2026-01-0116841.978579530205
2026-02-0116749.422062910722
2026-03-0116484.41085049828
2026-04-0116746.75532697819
Annual Return Matrix
YearAnnual Return
20170.06486492333653748
2018-0.03270259719716906
20190.14880414790099517
20200.049468487998537425
20210.04000647071999208
2022-0.12193665721430524
20230.12421323442241627
20240.07717444794876194
20250.08760144213241161
20260.0005855976096027504
Total Factor Risk
0.0756265654228479
VTI.US Exposure
0.027659529428524145
VEA.US Exposure
0.011453428264589642
VWO.US Exposure
-0.001973787583017963
QQQ.US Exposure
0.002204109047694364
VTV.US Exposure
-0.019118763839716037
IJR.US Exposure
-0.0011662331389693415
QUAL.US Exposure
-0.0018096950687523249
SHV.US Exposure
0.006742380726288617
TLT.US Exposure
0.001440276910575481
LQD.US Exposure
-0.005356984808473261
HYG.US Exposure
0.9763743647610678
GLD.US Exposure
0.0002567787900364959
USO.US Exposure
-0.0007927153723136577
VNQ.US Exposure
0.0091703677446966
BTC-USD.CC Exposure
-0.0015853763199928904
CPER.US Exposure
0.004237449938096593
VIX.INDX Exposure
-0.005586098017666586
UUP.US Exposure
-0.0007050753473998433
TIP.US Exposure
-0.002912096634765243
Idiosyncratic Exposure
0.0014681405194975766
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$182
Avg Yield on Cost
1.82%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$181.711.82%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.64
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® Bloomberg High Yield Bond ETF a high-risk investment?

SPDR® Bloomberg High Yield Bond ETF (JNK.US) has an annualized volatility of 7.6% and experienced a maximum drawdown of 16.2% over the last 10 years. Its primary macro risk driver is HYG.US.

What is the 10-year return of JNK.US?

Over the past 10 years, JNK.US has generated a Compound Annual Growth Rate (CAGR) of 4.9%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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