SJNK vs VOO
SJNK vs VOO
State Street SPDR Bloomberg Short Term High Yield Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SJNK offers more diversification with 1058 holdings.
Side-by-Side Comparison
| Metric | SJNK | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $4.9B | $979.0B | |
| Dividend Yield | 7.00% | 1.09% | |
| Holdings | 1,172 | 509 | |
| YTD Return | +1.52% | +13.31% | |
| 1Y Return | +4.39% | +24.01% | |
| 3Y Return (annualized) | +7.65% | +21.17% | |
| 5Y Return (annualized) | +4.79% | +13.34% | |
| Volatility (annualized) | 5.7% | 14.1% | |
| Max Drawdown | -30.6% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 14, 2012 | Sep 7, 2010 |
SJNK vs VOO Performance
State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SJNK returned +4.39% while VOO returned +24.01%. Year to date, SJNK is up 1.52% versus a gain of 13.31% for VOO.
Over three years, SJNK compounded at +7.65% per year against +21.17% for VOO; over five years the annualized figures are +4.79% and +13.34% respectively. Across the full 14-year window we track, VOO has the edge at +13.55% annualized vs +1.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -30.6% for SJNK and -34.3% for VOO. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SJNK charges 0.40% per year while VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, SJNK currently yields 7.00% against 1.09% for VOO.
Holdings Overlap
SJNK and VOO 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, SJNK or VOO?
SJNK has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, SJNK or VOO?
Over the past year SJNK returned +4.39% vs +24.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (14 years), SJNK annualized +1.08% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, SJNK or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.7% for SJNK. Worst drawdown: SJNK -30.6% vs VOO -34.3%.
Should I hold both SJNK and VOO?
SJNK and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SJNK and VOO?
SJNK and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1563 unique securities.
Which pays a higher dividend, SJNK or VOO?
SJNK yields 7.00% while VOO yields 1.09%, so SJNK currently pays the higher dividend yield.
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