SPDR Bloomberg High Yield Bond ETF (JNK) Performance
JNK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.0% since Dec 31, 2025
- 1 year
- +1.4% total return
- 5 years
- +3.2% a year
- 10 years
- +4.1% a year
- Since first price
- +4.8% a year since 2007
JNK trailing returns vs AGG, TLT, SPY
| Period | JNK total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.5% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.4% | −3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.1% | −4.4% | −1.5% | −3.8% | +7.8% |
| YTD | +0.0% | −4.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.4% | −5.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +27.6%+8.5%/yr | +4.6% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +17.0%+3.2%/yr | −14.7% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +50.1%+4.1%/yr | −16.3% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +98.1%+4.7%/yr | −19.7% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionDec 4, 2007 | +141.5%+4.8%/yr | −35.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JNK vs AGG
From Dec 4, 2007: JNK grew to $24,147, AGG to $16,537.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JNK returns by calendar year
14 of 18 full years positive. Best 2009 (+37.5%), worst 2008 (−24.7%). 2026 is year to date.
JNK annual returns table
| Year | JNK | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.0% | −3.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.8% | −5.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.7% | −2.4% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.4% | −5.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.2% | −16.4% | −13.0% | −31.2% | −18.2% |
| 2021 | +4.0% | −2.4% | −1.8% | −4.6% | +28.7% |
| 2020 | +4.9% | −22.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +14.9% | −2.0% | +8.5% | +14.1% | +31.2% |
| 2018 | −3.3% | −7.1% | +0.1% | −1.6% | −4.6% |
| 2017 | +6.5% | −2.5% | +3.6% | +9.2% | +21.7% |
| 2016 | +14.4% | −6.4% | +2.4% | +1.2% | +12.0% |
| 2015 | −6.8% | −12.3% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.8% | −7.9% | +6.0% | +27.3% | +13.5% |
| 2013 | +5.9% | −7.3% | −2.0% | −13.4% | +32.3% |
| 2012 | +13.5% | −4.6% | +3.8% | +2.6% | +16.0% |
| 2011 | +5.1% | −10.9% | +7.7% | +34.0% | +1.9% |
| 2010 | +14.3% | −8.7% | +6.4% | +9.0% | +15.1% |
| 2009 | +37.5% | −21.2% | +3.0% | −21.8% | +26.4% |
| 2008 | −24.7% | −38.5% | +7.9% | +33.9% | −36.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JNK largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 2, 2008 | −38.5% | Mar 9, 2009 | Oct 22, 2009 | 1.2 years | 1.8 years |
| Feb 20, 2020 | −22.9% | Mar 23, 2020 | Nov 4, 2020 | 32 days | 8 months |
| Sep 2, 2014 | −17.0% | Feb 11, 2016 | Aug 29, 2016 | 1.4 years | 2.0 years |
| Dec 27, 2021 | −16.7% | Sep 27, 2022 | Mar 20, 2024 | 9 months | 2.2 years |
| Jul 21, 2011 | −10.9% | Oct 4, 2011 | Jan 18, 2012 | 2 months | 6 months |
| May 3, 2010 | −8.7% | May 20, 2010 | Jul 23, 2010 | 17 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
JNK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +7.8% | +3.0% | +4.2% | +4.8% |
| Volatility (annualized) | 4.9% | 8.0% | 7.8% | 11.2% |
| Sharpe ratio | 0.67 | -0.03 | 0.28 | 0.36 |
| Sortino ratio | 1.14 | -0.05 | 0.38 | 0.52 |
| Best month | +4.8% | +6.8% | +6.8% | +17.0% |
| Worst month | −2.9% | −7.6% | −11.0% | −19.1% |
| Best 12 months | +15.8% | +15.8% | +21.0% | +56.8% |
| Worst 12 months | +1.1% | −15.6% | −15.6% | −29.4% |
| Positive months | 69% | 60% | 64% | 64% |
| Beta vs S&P 500 | 0.29 | 0.42 | 0.41 | — |
| Correlation with S&P 500 | 0.74 | 0.83 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JNK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 215 | −29.4% | +6.7% | +56.8% | 80% |
| 3-year (a year) | 191 | −2.1% | +5.6% | +25.1% | 94% |
| 5-year (a year) | 167 | +0.4% | +4.1% | +18.2% | 100% |
| 10-year (a year) | 107 | +2.5% | +4.9% | +10.2% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
JNK performance overview
SPDR Bloomberg High Yield Bond ETF (JNK) returned +1.4% over the past year and +4.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +4.8% a year, turning $10,000 into about $24,147. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −38.5%, from Jan 2, 2008 to Mar 9, 2009, and it took 7 months to get back to the old high. JNK finished 14 of its 18 full calendar years with a gain; the best year was 2009 (+37.5%) and the worst 2008 (−24.7%). Volatility has been 11.2% a year.
Related: JNK chart, JNK dividends, JNK bond profile. See the JNK overview for the latest quote and fund facts.
JNK performance FAQ
What is the JNK return over the past year?
JNK returned +1.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.1%.
What is the average annual return of JNK?
JNK has returned +3.2% a year over 5 years, +4.1% a year over 10 years, +4.8% a year since December 4, 2007 (total return, distributions reinvested).
How much would $10,000 invested in JNK be worth?
$10,000 invested in JNK at its first recorded close on December 4, 2007 would be worth about $24,147 on October 23, 2026 with distributions reinvested.
What was the worst year for JNK?
The worst calendar year was 2008, with a total return of −24.7%. The best was 2009 at +37.5%.
What is the biggest drawdown of JNK?
The largest peak-to-trough decline was −38.5% between January 2, 2008 and March 9, 2009. It recovered to the old high on October 22, 2009, 7 months after the bottom.
How volatile is JNK?
Over the past 3 years JNK had an annualized volatility of 4.9% and a Sharpe ratio of 0.67 (excess return over 1–3 month T-bills per unit of risk).