(SJNK) SPDR Bloomberg Short Term - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US78468R4083 • High Yield Bond
SJNK: High, Yield, Corporate, Bonds, Short, Term
The SPDR® Bloomberg Short Term High Yield Bond ETF (NYSE ARCA:SJNK) is a fund that focuses on high-yield, short-term corporate bonds. It typically invests at least 80% of its assets in securities that are part of its underlying index or those that share similar economic traits. This index is designed to track the performance of short-term, U.S. dollar-denominated high-yield corporate bonds issued publicly. The fund is managed in the United States and is listed on the NYSE ARCA. For more details, you can visit their website at http://www.spdrs.com.
With a market cap of nearly $5 billion, SJNK is a significant player in the high-yield bond ETF category. Its important to note that this fund does not focus on equities, so traditional valuation metrics like P/E, P/B, or P/S do not apply here. Instead, investors should look at yield, credit quality, and the overall health of the corporate bond market. The funds structure allows it to provide exposure to lower-rated corporate debt, which can offer higher yields compared to investment-grade bonds, though it comes with higher credit risk.
For investors and fund managers, understanding the composition of the index and the specific bonds held by the fund is crucial. Short-term high-yield bonds typically have maturities of one to three years, which can make them less sensitive to interest rate changes compared to longer-duration bonds. This can be appealing in a rising interest rate environment. However, the credit risk remains a key consideration, as these bonds are issued by companies with lower credit ratings. Diversification across multiple issuers and industries can help mitigate some of this risk, but its essential to evaluate the funds holdings and the overall credit environment before investing.
Additional Sources for SJNK ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
SJNK ETF Overview
Market Cap in USD | 5,089m |
Category | High Yield Bond |
TER | 0.40% |
IPO / Inception | 2012-03-14 |
SJNK ETF Ratings
Growth 5y | 71.3% |
Fundamental | - |
Dividend | 79.4% |
Rel. Strength Industry | 7.03 |
Analysts | - |
Fair Price Momentum | 26.31 USD |
Fair Price DCF | - |
SJNK Dividends
Dividend Yield 12m | 6.93% |
Yield on Cost 5y | 9.94% |
Annual Growth 5y | 5.54% |
Payout Consistency | 95.1% |
SJNK Growth Ratios
Growth Correlation 3m | 78.1% |
Growth Correlation 12m | 98.2% |
Growth Correlation 5y | 81.8% |
CAGR 5y | 7.73% |
CAGR/Max DD 5y | 0.76 |
Sharpe Ratio 12m | 1.60 |
Alpha | 2.79 |
Beta | 0.17 |
Volatility | 3.88% |
Current Volume | 3627.2k |
Average Volume 20d | 3703k |
As of March 15, 2025, the stock is trading at USD 25.19 with a total of 3,627,192 shares traded.
Over the past week, the price has changed by -0.71%, over one month by -0.74%, over three months by +0.56% and over the past year by +8.11%.
Yes. Based on ValueRay Analyses, SPDR Bloomberg Short Term (NYSE ARCA:SJNK) is currently (March 2025) a good stock to buy. It has a ValueRay Growth Rating of 71.28 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of SJNK as of March 2025 is 26.31. This means that SJNK is currently overvalued and has a potential downside of 4.45%.
SPDR Bloomberg Short Term has no consensus analysts rating.
According to ValueRays Forecast Model, SJNK SPDR Bloomberg Short Term will be worth about 28.5 in March 2026. The stock is currently trading at 25.19. This means that the stock has a potential upside of +13.3%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 28.5 | 13.3% |