SPDR Barclays High Yield Bond ETF (JNK): Historical Returns

Data Source: from January 1979 to January 2024 (~45 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 23 2024
Category: Fixed Income
SPDR Barclays High Yield Bond ETF (JNK) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.05%
1 Day
Feb 23 2024
0.38%
Current Month
February 2024

In the last 30 Years, the SPDR Barclays High Yield Bond ETF (JNK) ETF obtained a 5.25% compound annual return, with a 9.47% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Intermediate-Term

The SPDR Barclays High Yield Bond ETF (JNK) ETF is part of the following Lazy Portfolios:

Portfolio Name Author JNK Weight Currency
High Yield Bonds Income 25.00% USD

Investment Returns as of Jan 31, 2024

The SPDR Barclays High Yield Bond ETF (JNK) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
SPDR BARCLAYS HIGH YIELD BOND ETF (JNK) ETF
Consolidated returns as of 31 January 2024
Live Update: Feb 23 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~45Y)
SPDR Barclays High Yield Bond ETF (JNK) ETF 0.05 0.38 0.15 5.78 8.21 3.32 3.17 5.25 7.39
US Inflation Adjusted return -0.16 4.05 4.95 -0.81 0.38 2.66 3.84
Returns over 1 year are annualized | Available data source: since Jan 1979
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

In 2023, the SPDR Barclays High Yield Bond ETF (JNK) ETF granted a 6.92% dividend yield. If you are interested in getting periodic income, please refer to the SPDR Barclays High Yield Bond ETF (JNK) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 4.65$, with a total return of 364.79% (5.25% annualized).

The Inflation Adjusted Capital now would be 2.20$, with a net total return of 119.57% (2.66% annualized).
An investment of 1$, since January 1979, now would be worth 24.92$, with a total return of 2392.37% (7.39% annualized).

The Inflation Adjusted Capital now would be 5.46$, with a net total return of 446.46% (3.84% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of SPDR Barclays High Yield Bond ETF (JNK) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
SPDR BARCLAYS HIGH YIELD BOND ETF (JNK) ETF
Advanced Metrics
Data Source: 1 January 1979 - 31 January 2024 (~45 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~45Y)
Investment Return (%) 0.15 8.49 5.78 8.21 1.09 3.32 3.17 4.67 5.25 7.39
Infl. Adjusted Return (%) details -0.16 7.73 4.05 4.95 -4.33 -0.81 0.38 2.04 2.66 3.84
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 3.42
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -2.74 -16.20 -16.20 -16.20 -36.98 -36.98 -36.98
Start to Recovery (# months) details 3 25* 25* 25* 31 31 31
Start (yyyy mm) 2023 09 2022 01 2022 01 2022 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 2 9 9 9 18 18 18
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2008 11 2008 11 2008 11
Bottom to End (# months) 1 16 16 16 13 13 13
End (yyyy mm) 2023 11 - - - 2009 12 2009 12 2009 12
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 09 2022 01 2022 01 2022 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 2 9 9 9 18 18 18
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2008 11 2008 11 2008 11
Bottom to End (# months) 1 16 16 16 13 13 13
End (yyyy mm) 2023 11 - - - 2009 12 2009 12 2009 12
Longest negative period (# months) details 9 34 46 48 63 125 125
Period Start (yyyy mm) 2023 02 2021 02 2020 01 2018 10 2004 02 1998 07 1998 07
Period End (yyyy mm) 2023 10 2023 11 2023 10 2022 09 2009 04 2008 11 2008 11
Annualized Return (%) -0.34 -0.07 -0.15 -0.04 -0.40 -0.03 -0.03
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -3.42 -22.61 -22.96 -22.96 -38.87 -38.87 -38.87
Start to Recovery (# months) details 4 33* 37* 37* 34 34 34
Start (yyyy mm) 2023 08 2021 05 2021 01 2021 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 3 17 21 21 18 18 18
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2008 11 2008 11 2008 11
Bottom to End (# months) 1 16 16 16 16 16 16
End (yyyy mm) 2023 11 - - - 2010 03 2010 03 2010 03
Longest Drawdown Depth (%) -2.27
same as
deepest

same as
deepest

same as
deepest
-22.96 -10.57 -10.57
Start to Recovery (# months) details 6 37* 48 48
Start (yyyy mm) 2023 02 2021 05 2021 01 2021 01 2021 01 1999 05 1999 05
Start to Bottom (# months) 1 17 21 21 21 39 39
Bottom (yyyy mm) 2023 02 2022 09 2022 09 2022 09 2022 09 2002 07 2002 07
Bottom to End (# months) 5 16 16 16 16 9 9
End (yyyy mm) 2023 07 - - - - 2003 04 2003 04
Longest negative period (# months) details 9 36* 60* 117 127 162 162
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2013 04 1995 06 1995 06
Period End (yyyy mm) 2023 10 2024 01 2024 01 2023 10 2023 10 2008 11 2008 11
Annualized Return (%) -3.43 -4.33 -0.81 -0.38 -0.07 -0.12 -0.12
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 6.93 9.57 10.03 8.22 10.88 9.47 8.97
Sharpe Ratio 0.45 -0.12 0.15 0.25 0.31 0.32 0.38
Sortino Ratio 0.70 -0.16 0.20 0.33 0.42 0.43 0.52
Ulcer Index 1.09 7.51 6.25 5.20 6.82 5.75 5.00
Ratio: Return / Standard Deviation 1.19 0.11 0.33 0.39 0.43 0.55 0.82
Ratio: Return / Deepest Drawdown 3.00 0.07 0.21 0.20 0.13 0.14 0.20
% Positive Months details 66% 58% 61% 61% 65% 67% 70%
Positive Months 8 21 37 74 156 243 382
Negative Months 4 15 23 46 84 117 159
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.17 10.20 10.20 13.36
Worst 10 Years Return (%) - Annualized 2.41 -0.13 -0.13
Best 10 Years Return (%) - Annualized 0.38 8.29 8.29 9.07
Worst 10 Years Return (%) - Annualized -0.25 -2.70 -2.70
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 56.90 25.11 18.09 10.20 6.89 5.25
Worst Rolling Return (%) - Annualized -35.38 -10.50 -4.16 -0.13 4.45
% Positive Periods 80% 92% 97% 99% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 81.30 28.78 18.80 10.24 5.99 5.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.98 2.85
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 53.59 22.19 15.90 8.29 4.40 2.66
Worst Rolling Return (%) - Annualized -36.08 -12.66 -6.84 -2.70 1.83
% Positive Periods 68% 76% 86% 95% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 81.30 28.78 18.80 10.24 5.99 5.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.98 2.85
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1979 - Jan 2024)
Best Rolling Return (%) - Annualized 56.90 25.11 19.83 13.36 11.01 9.14
Worst Rolling Return (%) - Annualized -35.38 -10.50 -4.16 -0.13 4.45 5.08
% Positive Periods 82% 95% 98% 99% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 81.30 28.78 18.53 10.24 5.99 5.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.98 2.78
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 53.59 22.19 15.90 9.07 7.16 5.96
Worst Rolling Return (%) - Annualized -36.08 -12.66 -6.84 -2.70 1.78 2.49
% Positive Periods 68% 80% 91% 97% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 81.30 28.78 18.53 10.24 5.99 5.23
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.98 2.78
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of SPDR Barclays High Yield Bond ETF (JNK) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

SPDR BARCLAYS HIGH YIELD BOND ETF (JNK) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs JNK
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.91
0.86
0.82
0.70
0.69
SPY
US Large Cap
0.91
0.85
0.81
0.68
0.68
IJR
US Small Cap
0.73
0.82
0.76
0.67
0.66
VNQ
US REITs
0.91
0.79
0.69
0.71
0.70
QQQ
US Technology
0.73
0.76
0.71
0.52
0.51
PFF
Preferred Stocks
0.73
0.84
0.78
0.64
0.63
EFA
EAFE Stocks
0.92
0.84
0.81
0.71
0.68
VT
World All Countries
0.93
0.88
0.85
0.73
0.72
EEM
Emerging Markets
0.84
0.73
0.70
0.63
0.61
VGK
Europe
0.89
0.83
0.80
0.71
0.70
VPL
Pacific
0.92
0.81
0.77
0.60
0.57
FLLA
Latin America
0.81
0.72
0.66
0.59
0.58
BND
US Total Bond Market
0.94
0.65
0.55
0.39
0.40
TLT
Long Term Treasuries
0.93
0.28
0.19
0.05
0.06
BIL
US Cash
0.50
0.00
0.01
-0.01
0.00
TIP
TIPS
0.89
0.70
0.62
0.43
0.43
LQD
Invest. Grade Bonds
0.97
0.80
0.73
0.60
0.60
HYG
High Yield Bonds
1.00
1.00
1.00
0.98
0.98
CWB
US Convertible Bonds
0.81
0.77
0.77
0.74
0.73
BNDX
International Bonds
0.88
0.71
0.58
0.38
0.39
EMB
Emerg. Market Bonds
0.96
0.87
0.82
0.65
0.65
GLD
Gold
0.42
0.31
0.28
0.18
0.17
DBC
Commodities
0.15
0.44
0.48
0.37
0.36

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

SPDR BARCLAYS HIGH YIELD BOND ETF (JNK) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1979 - 31 January 2024 (~45 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-36.98% Jun 2007 Nov 2008 18 Dec 2009 13 31 15.48
-16.20% Jan 2022 Sep 2022 9 in progress 16 25 8.95
-12.76% Sep 2014 Jan 2016 17 Aug 2016 7 24 5.80
-12.74% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.94
-9.21% Jun 2011 Sep 2011 4 Jan 2012 4 8 3.55
-6.93% May 2002 Jul 2002 3 Jan 2003 6 9 4.12
-6.83% Feb 1994 Apr 1994 3 Feb 1995 10 13 4.54
-6.46% Sep 2000 Nov 2000 3 Jan 2001 2 5 3.40
-6.03% Mar 2001 Sep 2001 7 Apr 2002 7 14 2.58
-5.21% May 2010 May 2010 1 Jul 2010 2 3 3.39
-4.99% Oct 2018 Dec 2018 3 Feb 2019 2 5 2.46
-4.45% May 2013 Jun 2013 2 Oct 2013 4 6 2.48
-3.90% Aug 1998 Oct 1998 3 Nov 1998 1 4 2.67
-3.48% May 2012 May 2012 1 Jun 2012 1 2 2.01
-3.21% Mar 2005 Apr 2005 2 Jul 2005 3 5 1.80
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 151 2.4 Months 41.83%
 
DD = 0% 41.83%
 
0% < DD <= -5% 146 2.5 Months 40.44%
 
DD <= -5% 82.27%
 
-5% < DD <= -10% 43 8.4 Months 11.91%
 
DD <= -10% 94.18%
 
-10% < DD <= -15% 12 30.1 Months 3.32%
 
DD <= -15% 97.51%
 
-15% < DD <= -20% 2 180.5 Months 0.55%
 
DD <= -20% 98.06%
 
-20% < DD <= -25% 1 361.0 Months 0.28%
 
DD <= -25% 98.34%
 
-25% < DD <= -30% 2 180.5 Months 0.55%
 
DD <= -30% 98.89%
 
-30% < DD <= -35% 3 120.3 Months 0.83%
 
DD <= -35% 99.72%
 
-35% < DD <= -40% 1 361.0 Months 0.28%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-38.87% Jun 2007 Nov 2008 18 Mar 2010 16 34 16.70
-22.96% Jan 2021 Sep 2022 21 in progress 16 37 13.73
-12.85% Jul 2014 Jan 2016 19 Jan 2017 12 31 5.27
-12.58% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.68
-10.57% May 1999 Jul 2002 39 Apr 2003 9 48 5.22
-9.93% Jun 2011 Sep 2011 4 Jan 2012 4 8 4.02
-7.50% Feb 1994 May 1994 4 May 1995 12 16 5.36
-5.77% Aug 2017 Dec 2018 17 Feb 2019 2 19 2.21
-5.16% May 2010 May 2010 1 Jul 2010 2 3 3.34
-4.72% May 2013 Jun 2013 2 Nov 2013 5 7 2.65
-4.31% Aug 1998 Oct 1998 3 Jan 1999 3 6 2.43
-3.86% Mar 2005 Apr 2005 2 Sep 2006 17 19 1.81
-3.35% Mar 2012 May 2012 3 Jun 2012 1 4 1.63
-2.81% Apr 2004 May 2004 2 Aug 2004 3 5 1.49
-2.15% Nov 2010 Nov 2010 1 Dec 2010 1 2 1.24
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 101 3.6 Months 27.98%
 
DD = 0% 27.98%
 
0% < DD <= -5% 168 2.1 Months 46.54%
 
DD <= -5% 74.52%
 
-5% < DD <= -10% 46 7.8 Months 12.74%
 
DD <= -10% 87.26%
 
-10% < DD <= -15% 18 20.1 Months 4.99%
 
DD <= -15% 92.24%
 
-15% < DD <= -20% 18 20.1 Months 4.99%
 
DD <= -20% 97.23%
 
-20% < DD <= -25% 4 90.3 Months 1.11%
 
DD <= -25% 98.34%
 
-25% < DD <= -30% 2 180.5 Months 0.55%
 
DD <= -30% 98.89%
 
-30% < DD <= -35% 2 180.5 Months 0.55%
 
DD <= -35% 99.45%
 
-35% < DD <= -40% 2 180.5 Months 0.55%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-36.98% Jun 2007 Nov 2008 18 Dec 2009 13 31 15.48
-16.20% Jan 2022 Sep 2022 9 in progress 16 25 8.95
-12.76% Sep 2014 Jan 2016 17 Aug 2016 7 24 5.80
-12.74% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.94
-12.50% Aug 1990 Oct 1990 3 Apr 1991 6 9 7.64
-9.27% Sep 1979 Mar 1980 7 May 1980 2 9 5.16
-9.21% Jun 2011 Sep 2011 4 Jan 2012 4 8 3.55
-8.32% Apr 1987 Oct 1987 7 Jan 1988 3 10 3.93
-7.74% Feb 1984 May 1984 4 Sep 1984 4 8 4.06
-7.30% Jul 1981 Sep 1981 3 Nov 1981 2 5 3.81
-7.14% Sep 1989 Feb 1990 6 Jul 1990 5 11 3.93
-6.93% May 2002 Jul 2002 3 Jan 2003 6 9 4.12
-6.83% Feb 1994 Apr 1994 3 Feb 1995 10 13 4.54
-6.46% Sep 2000 Nov 2000 3 Jan 2001 2 5 3.40
-6.03% Mar 2001 Sep 2001 7 Apr 2002 7 14 2.58
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 258 2.1 Months 47.60%
 
DD = 0% 47.60%
 
0% < DD <= -5% 201 2.7 Months 37.08%
 
DD <= -5% 84.69%
 
-5% < DD <= -10% 59 9.2 Months 10.89%
 
DD <= -10% 95.57%
 
-10% < DD <= -15% 15 36.1 Months 2.77%
 
DD <= -15% 98.34%
 
-15% < DD <= -20% 2 271.0 Months 0.37%
 
DD <= -20% 98.71%
 
-20% < DD <= -25% 1 542.0 Months 0.18%
 
DD <= -25% 98.89%
 
-25% < DD <= -30% 2 271.0 Months 0.37%
 
DD <= -30% 99.26%
 
-30% < DD <= -35% 3 180.7 Months 0.55%
 
DD <= -35% 99.82%
 
-35% < DD <= -40% 1 542.0 Months 0.18%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-38.87% Jun 2007 Nov 2008 18 Mar 2010 16 34 16.70
-24.89% Feb 1979 Sep 1981 32 Nov 1982 14 46 13.22
-22.96% Jan 2021 Sep 2022 21 in progress 16 37 13.73
-18.11% Sep 1989 Oct 1990 14 Aug 1991 10 24 9.22
-12.85% Jul 2014 Jan 2016 19 Jan 2017 12 31 5.27
-12.58% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.68
-10.57% May 1999 Jul 2002 39 Apr 2003 9 48 5.22
-10.55% Apr 1987 Oct 1987 7 Jun 1988 8 15 4.65
-9.93% Jun 2011 Sep 2011 4 Jan 2012 4 8 4.02
-8.99% Feb 1984 May 1984 4 Oct 1984 5 9 4.94
-7.50% Feb 1994 May 1994 4 May 1995 12 16 5.36
-5.77% Aug 2017 Dec 2018 17 Feb 2019 2 19 2.21
-5.16% May 2010 May 2010 1 Jul 2010 2 3 3.34
-4.72% May 2013 Jun 2013 2 Nov 2013 5 7 2.65
-4.31% Aug 1998 Oct 1998 3 Jan 1999 3 6 2.43
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 173 3.1 Months 31.92%
 
DD = 0% 31.92%
 
0% < DD <= -5% 220 2.5 Months 40.59%
 
DD <= -5% 72.51%
 
-5% < DD <= -10% 67 8.1 Months 12.36%
 
DD <= -10% 84.87%
 
-10% < DD <= -15% 31 17.5 Months 5.72%
 
DD <= -15% 90.59%
 
-15% < DD <= -20% 38 14.3 Months 7.01%
 
DD <= -20% 97.60%
 
-20% < DD <= -25% 7 77.4 Months 1.29%
 
DD <= -25% 98.89%
 
-25% < DD <= -30% 2 271.0 Months 0.37%
 
DD <= -30% 99.26%
 
-30% < DD <= -35% 2 271.0 Months 0.37%
 
DD <= -35% 99.63%
 
-35% < DD <= -40% 2 271.0 Months 0.37%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

SPDR BARCLAYS HIGH YIELD BOND ETF (JNK) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1979 - 31 January 2024 (~45 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -35.38 12/2007
11/2008
0.64$ -1.68 0.98$ 5.97 1.05$ 13.80 1.13$ 56.90 03/2009
02/2010
1.56$ 8.21 19.77%
2Y -18.61 12/2006
11/2008
0.66$ 0.22 1.00$ 5.34 1.10$ 10.85 1.22$ 35.50 03/2009
02/2011
1.83$ 0.82 13.95%
3Y -10.50 12/2005
11/2008
0.71$ 1.34 1.04$ 5.43 1.17$ 9.38 1.30$ 25.11 03/2009
02/2012
1.95$ 1.09 7.08%
5Y -4.16 12/2003
11/2008
0.80$ 2.59 1.13$ 5.14 1.28$ 7.80 1.45$ 18.09 12/2008
11/2013
2.29$ 3.32 2.33%
7Y -0.91 12/2001
11/2008
0.93$ 3.93 1.31$ 5.33 1.43$ 6.57 1.56$ 12.19 12/2008
11/2015
2.23$ 3.36 0.72%
10Y -0.13 12/1998
11/2008
0.98$ 4.07 1.48$ 5.62 1.72$ 6.71 1.91$ 10.20 03/2009
02/2019
2.64$ 3.17 0.41%
15Y 2.87 03/1994
02/2009
1.52$ 4.83 2.02$ 5.53 2.24$ 5.98 2.39$ 7.75 12/2008
11/2023
3.06$ 6.99 0.00%
20Y 4.45 11/2003
10/2023
2.39$ 4.93 2.61$ 5.34 2.83$ 5.96 3.18$ 6.89 07/1994
06/2014
3.79$ 4.67 0.00%
30Y 5.25 02/1994
01/2024
4.64$ 5.25 4.64$ 5.25 4.64$ 5.25 4.64$ 5.25 02/1994
01/2024
4.64$ 5.25 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -36.08 12/2007
11/2008
0.63$ -4.36 0.95$ 3.60 1.03$ 11.12 1.11$ 53.59 03/2009
02/2010
1.53$ 4.95 31.52%
2Y -20.77 12/2006
11/2008
0.62$ -2.19 0.95$ 2.81 1.05$ 8.10 1.16$ 32.67 03/2009
02/2011
1.76$ -3.73 26.11%
3Y -12.66 12/2005
11/2008
0.66$ -1.39 0.95$ 3.25 1.10$ 7.26 1.23$ 22.19 03/2009
02/2012
1.82$ -4.33 24.00%
5Y -6.84 12/2003
11/2008
0.70$ 0.22 1.01$ 2.97 1.15$ 5.53 1.30$ 15.90 12/2008
11/2013
2.09$ -0.81 13.95%
7Y -3.46 12/2001
11/2008
0.78$ 1.74 1.12$ 2.97 1.22$ 4.49 1.36$ 10.43 12/2008
11/2015
2.00$ -0.12 7.58%
10Y -2.70 12/1998
11/2008
0.76$ 1.24 1.13$ 3.43 1.40$ 4.51 1.55$ 8.29 03/2009
02/2019
2.21$ 0.38 4.15%
15Y 0.36 03/1994
02/2009
1.05$ 2.59 1.46$ 3.22 1.60$ 3.57 1.69$ 5.14 12/2008
11/2023
2.12$ 4.32 0.00%
20Y 1.83 11/2003
10/2023
1.43$ 2.52 1.64$ 3.11 1.84$ 3.63 2.04$ 4.40 07/1994
06/2014
2.36$ 2.04 0.00%
30Y 2.66 02/1994
01/2024
2.19$ 2.66 2.19$ 2.66 2.19$ 2.66 2.19$ 2.66 02/1994
01/2024
2.19$ 2.66 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -35.38 12/2007
11/2008
0.64$ -0.94 0.99$ 6.93 1.06$ 16.86 1.16$ 56.90 03/2009
02/2010
1.56$ 8.21 17.36%
2Y -18.61 12/2006
11/2008
0.66$ 1.48 1.02$ 7.39 1.15$ 14.19 1.30$ 35.50 03/2009
02/2011
1.83$ 0.82 10.42%
3Y -10.50 12/2005
11/2008
0.71$ 2.25 1.06$ 7.15 1.23$ 14.09 1.48$ 25.11 03/2009
02/2012
1.95$ 1.09 4.55%
5Y -4.16 12/2003
11/2008
0.80$ 3.35 1.17$ 6.92 1.39$ 12.34 1.78$ 19.83 10/1981
09/1986
2.47$ 3.32 1.45%
7Y -0.91 12/2001
11/2008
0.93$ 4.42 1.35$ 6.41 1.54$ 11.22 2.10$ 16.51 10/1981
09/1988
2.91$ 3.36 0.44%
10Y -0.13 12/1998
11/2008
0.98$ 4.84 1.60$ 6.57 1.88$ 11.05 2.85$ 13.36 10/1981
09/1991
3.50$ 3.17 0.24%
15Y 2.79 12/1993
11/2008
1.51$ 5.20 2.13$ 6.21 2.46$ 10.86 4.69$ 12.86 10/1981
09/1996
6.14$ 6.99 0.00%
20Y 4.45 11/2003
10/2023
2.39$ 5.15 2.73$ 6.88 3.78$ 9.34 5.96$ 11.01 04/1980
03/2000
8.07$ 4.67 0.00%
30Y 5.08 11/1993
10/2023
4.41$ 6.41 6.44$ 7.01 7.63$ 8.65 12.05$ 9.14 05/1981
04/2011
13.79$ 5.25 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -36.08 12/2007
11/2008
0.63$ -5.24 0.94$ 3.76 1.03$ 14.17 1.14$ 53.59 03/2009
02/2010
1.53$ 4.95 31.51%
2Y -20.77 12/2006
11/2008
0.62$ -2.00 0.96$ 4.25 1.08$ 10.36 1.21$ 32.67 03/2009
02/2011
1.76$ -3.73 24.13%
3Y -12.66 12/2005
11/2008
0.66$ -0.99 0.97$ 4.27 1.13$ 10.29 1.34$ 22.19 03/2009
02/2012
1.82$ -4.33 19.57%
5Y -6.84 12/2003
11/2008
0.70$ 1.33 1.06$ 3.84 1.20$ 8.51 1.50$ 15.90 10/1981
09/1986
2.09$ -0.81 8.71%
7Y -3.46 12/2001
11/2008
0.78$ 2.13 1.15$ 4.13 1.32$ 7.61 1.67$ 12.43 10/1981
09/1988
2.27$ -0.12 4.59%
10Y -2.70 12/1998
11/2008
0.76$ 2.60 1.29$ 4.16 1.50$ 6.89 1.94$ 9.07 10/1981
09/1991
2.38$ 0.38 2.37%
15Y 0.23 12/1993
11/2008
1.03$ 3.01 1.55$ 3.90 1.77$ 6.97 2.74$ 8.96 10/1981
09/1996
3.62$ 4.32 0.00%
20Y 1.78 12/1988
11/2008
1.42$ 2.87 1.76$ 4.25 2.29$ 6.06 3.24$ 7.16 09/1981
08/2001
3.98$ 2.04 0.00%
30Y 2.49 11/1993
10/2023
2.09$ 3.65 2.92$ 4.32 3.55$ 5.43 4.88$ 5.96 11/1981
10/2011
5.68$ 2.66 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the SPDR Barclays High Yield Bond ETF (JNK) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in SPDR Barclays High Yield Bond ETF (JNK) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.09
40%
-0.52
40%
-1.60
60%
0.57
80%
0.37
60%
-0.33
60%
2.77
100%
-0.53
80%
-1.28
20%
0.41
40%
2.25
80%
1.59
80%
Best 4.0
2023
1.4
2019
2.1
2023
5.0
2020
3.5
2020
3.1
2019
6.8
2022
0.7
2019
0.4
2019
3.1
2022
4.8
2023
3.4
2023
Worst -2.8
2022
-1.9
2023
-11.0
2020
-4.4
2022
-2.0
2019
-7.6
2022
0.1
2019
-4.2
2022
-3.9
2022
-1.1
2023
-1.3
2021
-1.9
2022
Monthly Seasonality over the period Feb 1979 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.57
50%
0.39
60%
-0.68
40%
0.96
90%
0.49
70%
-0.08
70%
1.51
80%
0.04
80%
-1.01
40%
0.33
50%
0.62
50%
0.33
60%
Best 5.2
2019
2.6
2015
3.0
2016
5.0
2020
3.5
2020
3.1
2019
6.8
2022
2.5
2014
0.7
2016
3.1
2022
4.8
2023
3.4
2023
Worst -2.8
2022
-1.9
2023
-11.0
2020
-4.4
2022
-2.0
2019
-7.6
2022
-2.4
2014
-4.2
2022
-3.9
2022
-2.0
2018
-2.6
2015
-3.0
2015
Monthly Seasonality over the period Feb 1979 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.10
74%
0.42
71%
0.25
58%
1.29
78%
0.50
67%
0.42
71%
1.05
80%
0.34
71%
-0.25
58%
0.20
67%
0.95
73%
1.27
80%
Best 5.2
2019
5.3
1991
5.5
2009
14.2
2009
7.0
2009
4.2
2012
6.8
2022
8.2
1982
6.2
2009
8.4
2011
13.5
1981
17.0
2008
Worst -2.8
2022
-10.2
2009
-11.0
2020
-4.4
2022
-5.2
2010
-7.6
2022
-3.8
2002
-5.0
1990
-7.6
2008
-19.1
2008
-8.4
2008
-3.6
1981
Monthly Seasonality over the period Feb 1979 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the SPDR Barclays High Yield Bond ETF (JNK) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

SPDR BARCLAYS HIGH YIELD BOND ETF (JNK) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1979 - 31 January 2024 (~45 years)
243 Positive Months (68%) - 117 Negative Months (33%)
382 Positive Months (71%) - 159 Negative Months (29%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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