|Day Lo||-||Day Hi||-|
This ETF offers targeted exposure to a corner of the bond market that features a significant amount of credit risk but very little interest rate risk. As such, SJNK might not be all that useful in a long-term portfolio but can be used as a tactical tool to fine tune fixed income exposure quite nicely. This ETF becomes particularly useful for investors looking to enhance current returns but concerned about the impact of rising interest rates on bond valuations. The focus on lower quality bonds delivers a significant amount of credit risk (and, therefore, the associated returns) while the focus on the short end of the maturity spectrum limits the sensitivity to changes in interest rates. Most of the other ETFs in the High Yield Bonds ETFdb Category focus on longer-term debt, and as such may be more sensitive to changes in interest rate risk. SJNK can be expected to deliver lower yields than broad-based funds such as HYG and JNK, but could perform better when rates climb or when the longer-term economic forecast deteriorates. For investors looking to beef up current returns, SJNK is yet another tool in the toolbox.
The adjacent table gives investors an individual Realtime Rating for SJNK on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
|Cash And Equivalents||2.86%|
|Commercial Mortgage Backed||0.55%|
|Non Agency Residential Mortgage Backed||0.0%|
|Agency Mortgage Backed||0.0%|
|US Municipal Tax Advantaged||0.0%|
|0% to 1%||1.12%|
|1% to 2%||0.57%|
|2% to 3%||1.92%|
|3% to 4%||3.73%|
|4% to 5%||13.06%|
|5% to 6%||18.8%|
|6% to 7%||21.26%|
|7% to 8%||18.18%|
|8% to 9%||11.04%|
|9% to 10%||5.15%|
|Greater Than 10%||2.74%|
|Less Than 1 Year||5.19%|
This ETF is not currently available for commission free trading on any platforms.
There are 17 other ETFs in the High Yield Bonds ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of SJNK relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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