SCHD vs SJNK
SCHD vs SJNK
Schwab US Dividend Equity ETF vs State Street SPDR Bloomberg Short Term High Yield Bond ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SJNK offers more diversification with 1058 holdings.
Side-by-Side Comparison
| Metric | SCHD | SJNK | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.40% | |
| AUM | $103.7B | $4.9B | |
| Dividend Yield | 3.31% | 7.00% | |
| Holdings | 104 | 1,172 | |
| YTD Return | +22.69% | +1.60% | |
| 1Y Return | +30.94% | +4.73% | |
| 3Y Return (annualized) | +14.20% | +7.70% | |
| 5Y Return (annualized) | +9.59% | +4.82% | |
| Volatility (annualized) | 13.7% | 5.8% | |
| Max Drawdown | -33.4% | -30.6% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Mar 14, 2012 |
SCHD vs SJNK Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is a ETF from State Street Investment Management. Over the past year SCHD returned +30.94% while SJNK returned +4.73%. Year to date, SCHD is up 22.69% versus a gain of 1.60% for SJNK.
Over three years, SCHD compounded at +14.20% per year against +7.70% for SJNK; over five years the annualized figures are +9.59% and +4.82% respectively. Across the full 14-year window we track, SCHD has the edge at +11.31% annualized vs +1.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 5.8% 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 -33.4% for SCHD 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SJNK charges 0.40%. On a $10,000 position that is $6 vs $40 annually, a gap of $34 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.00% for SJNK.
Holdings Overlap
SCHD and SJNK share 1 holdings out of 1157 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SJNK | Difference |
|---|---|---|---|
| GVMXX | 0.04% | 0.36% | 0.32% |
Frequently Asked Questions
Which is cheaper, SCHD or SJNK?
SCHD has an expense ratio of 0.06% while SJNK charges 0.40%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, SCHD or SJNK?
Over the past year SCHD returned +30.94% vs +4.73% for SJNK, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), SCHD annualized +11.31% vs +1.08% for SJNK. Past performance does not guarantee future results.
Which is riskier, SCHD or SJNK?
SCHD has been the more volatile fund at 13.7% annualized versus 5.8% for SJNK. Worst drawdown: SCHD -33.4% vs SJNK -30.6%.
Should I hold both SCHD and SJNK?
SCHD and SJNK have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SJNK?
SCHD and SJNK share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1157 unique securities.
Which pays a higher dividend, SCHD or SJNK?
SCHD yields 3.31% while SJNK yields 7.00%, so SJNK currently pays the higher dividend yield.
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