State Street SPDR Bloomberg High Yield Bond ETF (JNK)

Market Price (5/24/2026): $96.25

State Street SPDR Bloomberg High Yield Bond ETF (JNK)

Market Price (5/24/2026): $96.25

Asset Allocation with JNK

	ETF	1D	1W	1M	YTD
Equity	SPY	0.4%	0.9%	5.2%	9.6%
Bond	JNK	0.1%	0.6%	-0.5%	0.7%
Gold	GLD	-0.8%	-0.8%	-4.0%	4.4%
Commodity	DBC	-0.5%	-2.1%	2.2%	36.6%
Real Estate	VNQ	0.1%	3.0%	1.3%	10.5%
Bitcoin	BTCUSD	-2.6%	-4.5%	-3.6%	-13.7%
Cash	GOVT	0.1%	0.4%	-1.0%	-0.8%

	ETF	Return	Volatility	Sharpe
Equity	SPY	15.7%	15.3%	86.5%
Bond	JNK	5.5%	7.8%	38.8%
Gold	GLD	13.0%	15.1%	67.2%
Commodity	DBC	7.7%	16.7%	37.4%
Real Estate	VNQ	5.5%	17.7%	23.0%
Bitcoin	BTCUSD	66.7%	76.7%	100.5%
Cash	GOVT	0.5%	5.0%	-43.0%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	-23.0%	-30.4%	-19.3%
Bond	JNK	-14.8%	-22.0%	-6.6%
Gold	GLD	-7.7%	-6.3%	5.0%
Commodity	DBC	20.5%	-23.7%	-17.5%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Price Chart

ETF Price
Price/Gold

Top 20 Holdings for JNK

Total Weights
Top 5: 0.3% | Top 10: 0.3% | Top 20: 0.3%

	Holding	Weight
999USDZ92	CARNIVAL CORP LTD COMPANY GUAR 144A 08/32 5.75	0.29%

Performance for JNK Top Holdings

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Guidance Updates for JNK Top Holdings

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Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
JNK Return	4%	-12%	12%	8%	9%	1%	21%
Peers Return	4%	-9%	12%	8%	8%	1%	26%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	98%
Monthly Win Rates [3]
JNK Win Rate	67%	33%	67%	75%	75%	40%
Peers Win Rate	64%	33%	67%	75%	89%	40%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
JNK Max Drawdown	-2%	-16%	-5%	-2%	-5%	-3%
Peers Max Drawdown	-2%	-13%	-4%	-2%	-5%	-2%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: USHY, HYG, SHYG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
JNK	1.02	0.77	0.06
Bond Top Results (3Y)
USHY	0.99	0.86	0.14
SHYG	0.96	0.83	0.25
JNK	1.02	0.77	0.06
HYG	0.87	0.75	0.07
MBS	0.46	0.54	0.54

Results as of 4302026.

Event	JNK	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-16.4%	-24.5%
% Gain to Breakeven	19.6%	32.4%
Time to Breakeven	539 days	427 days
2020 COVID-19 Crash
% Loss	-22.8%	-33.7%
% Gain to Breakeven	29.5%	50.9%
Time to Breakeven	203 days	140 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-12.5%	-12.2%
% Gain to Breakeven	14.3%	13.9%
Time to Breakeven	116 days	62 days
2014-2016 Oil Price Collapse
% Loss	-16.8%	-6.8%
% Gain to Breakeven	20.2%	7.3%
Time to Breakeven	200 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-10.9%	-17.9%
% Gain to Breakeven	12.3%	21.8%
Time to Breakeven	106 days	123 days
2008-2009 Global Financial Crisis
% Loss	-37.9%	-53.4%
% Gain to Breakeven	61.0%	114.4%
Time to Breakeven	224 days	1085 days

Compare to USHY, HYG, SHYG

In The Past

State Street SPDR Bloomberg High Yield Bond ETF's stock fell -4.6% during the 2025 US Tariff Shock. Such a loss loss requires a 4.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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Event	JNK	S&P 500
2020 COVID-19 Crash
% Loss	-22.8%	-33.7%
% Gain to Breakeven	29.5%	50.9%
Time to Breakeven	203 days	140 days
2008-2009 Global Financial Crisis
% Loss	-37.9%	-53.4%
% Gain to Breakeven	61.0%	114.4%
Time to Breakeven	224 days	1085 days

Compare to USHY, HYG, SHYG

In The Past

State Street SPDR Bloomberg High Yield Bond ETF's stock fell -4.6% during the 2025 US Tariff Shock. Such a loss loss requires a 4.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

JNK Dip Buy History

JNK had 14 events since 12/4/2007 where the dip threshold of -5.0% within 60 days was triggered

11% median peak return within 1 year of dip event
342 days is the median time to peak return after a dip event
-8.4% median max drawdown within 1 year of dip event

60 Day Dip			JNK Subsequent Performance
Date	JNK	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			9%	11%	-8%	342
10142022	-6%	-10%	8%	11%	0%	322
3102022	-5%	-8%	-6%	2%	-11%	25
3092020	-6%	-12%	13%	14%	-16%	340
12202018	-5%	-15%	20%	20%	-1%	363
12082015	-6%	6%	13%	13%	-8%	321
9282015	-6%	-9%	9%	10%	-9%	344
8202015	-5%	-4%	6%	6%	-12%	364
12122014	-6%	0%	-6%	7%	-5%	154
9262011	-5%	-11%	16%	18%	-5%	354
8082011	-8%	-16%	17%	18%	-2%	361
3302009	-8%	-12%	57%	57%	0%	365
9152008	-7%	-10%	7%	7%	-32%	365
7282008	-5%	-12%	-4%	0%	-35%	36
3072008	-5%	-14%	-35%	6%	-35%	55

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 5/23/2026

JNK had 5 events since 12/4/2007 where the dip threshold of -10% within 90 days was triggered

20% median peak return within 1 year of dip event
346 days is the median time to peak return after a dip event
-7.4% median max drawdown within 1 year of dip event

90 Day Dip			JNK Subsequent Performance
Date	JNK	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			20%	20%	-7%	346
5062022	-10%	-13%	1%	3%	-7%	21
3162020	-12%	-22%	21%	23%	-10%	333
1192016	-10%	-2%	20%	20%	-3%	351
10042011	-10%	-15%	22%	24%	0%	346
9162008	-11%	-12%	12%	12%	-30%	365

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 5/23/2026

JNK had 1 events since 12/4/2007 where the dip threshold of -20% within 180 days was triggered

32% median peak return within 1 year of dip event
355 days is the median time to peak return after a dip event
-18% median max drawdown within 1 year of dip event

180 Day Dip			JNK Subsequent Performance
Date	JNK	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			31%	32%	-18%	355
10082008	-22%	-26%	31%	32%	-18%	355

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 5/23/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-5.4%	107.83	5232026	114.03	3012026	83
ARKK	ARK Innovation ETF	-8.2%	76.40	5232026	83.21	1132026	130
URA	Global X Uranium ETF	-20.8%	48.96	5232026	61.81	1282026	115
LIT	Global X Lithium & Battery Tech ETF	-6.9%	85.28	5232026	91.62	5112026	12
CGBL	Capital Group Core Balanced ETF	-6.2%	34.41	5232026	36.67	2252026	87
XLF	State Street Financial Select Sector SPDR ETF	-7.4%	51.94	5232026	56.11	1062026	137
XLV	State Street Health Care Select Sector SPDR ETF	-6.1%	149.89	5232026	159.54	3012026	83
XLP	State Street Consumer Staples Select Sector SPDR ETF	-5.3%	84.80	5232026	89.51	3012026	83
XLB	State Street Materials Select Sector SPDR ETF	-5.8%	50.29	5232026	53.38	2112026	101
XBI	State Street SPDR S&P Biotech ETF	-5.1%	131.66	5232026	138.67	4192026	34
ITA	iShares U.S. Aerospace & Defense ETF	-10.0%	225.37	5232026	250.42	3022026	82
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-8.6%	171.95	5232026	188.18	3292026	55
TLT	iShares 20+ Year Treasury Bond ETF	-6.1%	84.68	5232026	90.16	3012026	83
VGLT	Vanguard Long-Term Treasury ETF	-5.4%	54.13	5232026	57.20	3012026	83
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.8%	25.71	5232026	27.28	3012026	83
TLH	iShares 10-20 Year Treasury Bond ETF	-5.3%	98.73	5232026	104.25	3012026	83
EDV	Vanguard World Funds Extended Duration ETF	-8.4%	62.59	5232026	68.33	3012026	83
GSG	iShares GSCI Commodity	-5.8%	30.01	5232026	31.85	3182026	66
GLD	SPDR Gold Trust	-16.6%	413.82	5232026	495.90	1292026	114
IAU	iShares Gold Trust	-16.5%	84.81	5232026	101.57	1292026	114
GLDM	SPDR Gold MiniShares Trust	-16.4%	89.21	5232026	106.77	1292026	114
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	5232026	51.41	1292026	114
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	5232026	53.16	1292026	114
SLV	iShares Silver Trust	-35.3%	68.36	5232026	105.60	1282026	115
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	5232026	110.87	1282026	115
PPLT	ETFS Physical Platinum Shares	-30.7%	17.47	5232026	25.23	1252026	118
CPER	United States Copper Index Fund ETV	-13.9%	33.33	5232026	38.71	1292026	114
PALL	ETFS Physical Palladium Shares	-34.1%	24.52	5232026	37.18	1282026	115
USO	United States Oil Fund LP	-7.9%	140.92	5232026	152.96	5192026	4
UNG	United States Natural Gas Fund LP	-35.3%	10.94	5232026	16.90	2012026	111
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	5232026	60.13	5042026	19
IBIT	iShares Bitcoin Trust ETF	-22.5%	42.96	5232026	55.44	1142026	129
FBTC	Fidelity Wise Origin Bitcoin Fund	-22.5%	65.98	5232026	85.12	1142026	129
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	5232026	76.31	1142026	129
ETHA	iShares Ethereum Trust ETF	-39.2%	15.57	5232026	25.59	1142026	129

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About JNK

Holdings Count: 1241
Expense Ratio: 0.4%
Inception Date: 2007-11-28

State Street SPDR Bloomberg High Yield Bond ETF
The State Street SPDR Bloomberg High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index")Seeks to provide a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidityA more cost efficient way to implement a high yield exposure than via individual bondsRebalanced on the last business day of the month
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NVTS	Navitas Semiconductor	6.5	20.0%	309.7%
RGTI	Rigetti Computing	8.7	19.9%	19.3%
HLIT	Harmonic	1.7	19.7%	53.7%
BB	BlackBerry	4.7	18.9%	108.7%
LPTH	LightPath Technologies	0.8	18.7%	56.9%
SHAZ	SharonAI	0.8	18.0%	-26.4%
AEVA	Aeva Technologies	1.5	17.8%	90.7%
DELL	Dell Technologies	194.8	16.8%	135.5%
AXTI	AXT	6.3	16.4%	761.3%
LION	Lionsgate Studios	4.3	15.8%	63.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
GKOS	Glaukos	6.9	-13.5%	6.5%
FBYD	Falcons Beyond Global	0.7	-13.3%	10.3%
BTGO	BitGo	0.8	-10.7%	-62.5%
IHRT	iHeartMedia	0.7	-9.6%	6.0%
HOV	Hovnanian Enterprises	0.7	-8.9%	7.9%
INBX	Inhibrx Biosciences	1.6	-8.4%	28.3%
BJ	BJ's Wholesale Club	11.3	-8.2%	-3.8%
OPTU	Optimum Communications	0.3	-7.4%	-59.9%
TE	T1 Energy	1.8	-7.3%	21.0%
ETON	Eton Pharmaceuticals	0.9	-6.9%	92.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	57.0%	10.3%
HIVE	HIVE Digital Technologies	1.0	51.3%	57.8%
RGTI	Rigetti Computing	8.7	48.0%	19.3%
LPTH	LightPath Technologies	0.8	47.1%	56.9%
QBTS	D-Wave Quantum	10.4	44.5%	12.4%
TE	T1 Energy	1.8	42.5%	21.0%
NVTS	Navitas Semiconductor	6.5	37.2%	309.7%
PSNL	Personalis	0.8	33.2%	6.4%
ALAB	Astera Labs	52.0	31.9%	84.5%
RXO	RXO	4.1	30.4%	92.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DSGN	Design Therapeutics	0.6	-23.7%	17.0%
BTGO	BitGo	0.8	-22.0%	-62.5%
FIGR	Figure Technology Solutions	7.3	-21.6%	-16.9%
GTN-A	Gray Media	0.8	-20.4%	-29.8%
INTU	Intuit	88.9	-18.6%	-51.5%
OPTU	Optimum Communications	0.3	-17.8%	-59.9%
EIKN	Eikon Therapeutics	0.6	-17.7%	-27.3%
GKOS	Glaukos	6.9	-16.5%	6.5%
ONDS	Ondas	3.4	-14.7%	-7.2%
STRL	Sterling Infrastructure	22.5	-13.7%	139.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MXL	MaxLinear	8.7	189.5%	468.9%
BAND	Bandwidth	1.9	167.5%	297.3%
WOLF	Wolfspeed	1.9	153.7%	301.4%
INOD	Innodata	3.1	119.6%	87.4%
FCEL	FuelCell Energy	1.2	105.5%	242.1%
VPG	Vishay Precision	1.5	96.9%	195.5%
PENG	Penguin Solutions	2.8	92.7%	172.0%
XMTR	Xometry	4.6	90.3%	50.0%
AXTI	AXT	6.3	87.1%	761.3%
INTC	Intel	609.1	79.5%	224.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
EMBC	Embecta	0.2	-63.7%	-71.6%
FWRD	Forward Air	0.3	-61.3%	-64.8%
OPTU	Optimum Communications	0.3	-60.4%	-59.9%
CABO	Cable One	0.3	-54.5%	-53.7%
PSIX	Power Solutions International	0.9	-50.3%	-32.0%
ERAS	Erasca	3.2	-50.0%	202.2%
TRDA	Entrada Therapeutics	0.3	-48.8%	-36.2%
BRBR	BellRing Brands	1.1	-45.3%	-66.7%
ULH	Universal Logistics	0.4	-42.8%	-6.0%
UI	Ubiquiti	37.0	-41.1%	10.6%

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	10.5 Mil
Short Interest: % Change Since 4152026	3.4%
Average Daily Volume	3.0 Mil
Days-to-Cover Short Interest	3.5 days

External Quote Links

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5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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State Street SPDR Bloomberg High Yield Bond ETF (JNK)

Market Price (5/24/2026): $96.25

State Street SPDR Bloomberg High Yield Bond ETF (JNK)

Market Price (5/24/2026): $96.25

Asset Allocation with JNK

Price Chart

Valuation & Yield

Top 20 Holdings for JNK

Performance for JNK Top Holdings

Guidance Updates for JNK Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

JNK Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About JNK

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

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Wealth Management

Short Interest

Returns Analyses

External Quote Links