IVV vs SJNK
IVV vs SJNK
iShares Core S&P 500 ETF vs State Street SPDR Bloomberg Short Term High Yield Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. SJNK offers more diversification with 1058 holdings.
Side-by-Side Comparison
| Metric | IVV | SJNK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $4.9B | |
| Dividend Yield | 1.09% | 7.00% | |
| Holdings | 508 | 1,172 | |
| YTD Return | +11.54% | +1.27% | |
| 1Y Return | +21.48% | +4.10% | |
| 3Y Return (annualized) | +20.86% | +7.65% | |
| 5Y Return (annualized) | +13.02% | +4.74% | |
| Volatility (annualized) | 15.1% | 5.7% | |
| Max Drawdown | -56.5% | -30.6% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 14, 2012 |
IVV vs SJNK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is a ETF from State Street Investment Management. Over the past year IVV returned +21.48% while SJNK returned +4.10%. Year to date, IVV is up 11.54% versus a gain of 1.27% for SJNK.
Over three years, IVV compounded at +20.86% per year against +7.65% for SJNK; over five years the annualized figures are +13.02% and +4.74% respectively. Across the full 14-year window we track, IVV has the edge at +6.97% annualized vs +1.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.7% for SJNK. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -30.6% for SJNK. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SJNK charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.00% for SJNK.
Holdings Overlap
IVV and SJNK share 0 holdings out of 1563 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SJNK?
IVV has an expense ratio of 0.03% while SJNK charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or SJNK?
Over the past year IVV returned +21.48% vs +4.10% for SJNK, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +6.97% vs +1.06% for SJNK. Past performance does not guarantee future results.
Which is riskier, IVV or SJNK?
IVV has been the more volatile fund at 15.1% annualized versus 5.7% for SJNK. Worst drawdown: IVV -56.5% vs SJNK -30.6%.
Should I hold both IVV and SJNK?
IVV and SJNK have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SJNK?
IVV and SJNK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1563 unique securities.
Which pays a higher dividend, IVV or SJNK?
IVV yields 1.09% while SJNK yields 7.00%, so SJNK currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.