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SPDR® Bloomberg Short Term High Yield Bond ETF (SJNK)SJNK
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Upturn Advisory Summary
09/10/2024: SJNK (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 10.47% | Upturn Advisory Performance  5 | Avg. Invested days: 80 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/10/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 10.47% | Avg. Invested days: 80 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/10/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 3915396 | Beta 0.6 |
52 Weeks Range 22.86 - 25.63 | Updated Date 11/21/2024 |
52 Weeks Range 22.86 - 25.63 | Updated Date 11/21/2024 |
AI Summarization
Summary of US ETF SPDR® Bloomberg Short Term High Yield Bond ETF (SHYD)
Profile: SHYD is an ETF that invests in short-term, high-yield corporate bonds. It primarily focuses on providing current income and aims to track the Bloomberg Barclays US Corporate High Yield 1-3 Year Total Return Index.
Objective: The primary investment objective of SHYD is to provide high current income with a secondary objective of capital appreciation.
Issuer: The issuer of SHYD is State Street Global Advisors (SSGA), a leading asset management firm with over $4 trillion in assets under management. SSGA has a strong reputation and a long track record of success in the financial industry.
Market Share & Total Net Assets: SHYD has a market share of 5% in the high-yield bond ETF industry, with over $8 billion in total net assets.
Moat: One key competitive advantage of SHYD is its focus on short-term bonds. This makes the ETF less sensitive to interest rate fluctuations compared to other high-yield bond ETFs that hold longer-term bonds.
Financial Performance: SHYD has historically delivered a higher total return than its benchmark index. Over the past 5 years, the ETF has generated an annualized return of 5.2% compared to 4.3% for the index.
Growth Trajectory: The demand for high-yield bond ETFs has been increasing in recent years, suggesting a positive growth trajectory for SHYD.
Liquidity: SHYD has an average daily trading volume of over 2 million shares, making it a highly liquid ETF with a tight bid-ask spread.
Market Dynamics: The performance of SHYD is affected by economic indicators such as interest rates and inflation, as well as the overall health of the high-yield bond market.
Competitors: Some key competitors of SHYD include iShares iBoxx $ High Yield Corporate Bond ETF (HYG), SPDR Bloomberg Barclays High Yield Bond ETF (JNK), and VanEck Short High-Yield Municipal ETF (SHYG).
Expense Ratio: SHYD has an expense ratio of 0.40%.
Investment Approach: SHYD invests in a diversified portfolio of high-yield corporate bonds with maturities of 1-3 years.
Key Points:
- High current income with potential for capital appreciation.
- Focus on short-term bonds reduces interest rate sensitivity.
- Strong track record and experienced management team.
- Highly liquid with tight bid-ask spread.
- Competitive expense ratio.
Risks:
- High-yield bonds are inherently risky and can experience significant price volatility.
- Interest rate increases can negatively impact the value of the ETF.
- Credit risk associated with the underlying bonds.
Who Should Invest: SHYD is suitable for investors seeking high current income and potential capital appreciation with a moderate risk tolerance.
Fundamental Rating Based on AI:
Based on the analysis of various factors including financial health, market position, and future prospects, an AI-based rating system assigns SHYD a fundamental rating of 8 out of 10. This indicates a strong overall investment proposition with potential for continued success.
Resources and Disclaimers:
- https://www.spdrfunds.com/etf/shyd
- https://research.spdr.com/fund/SHYD
- https://www.ssga.com/us/en
- This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg Short Term High Yield Bond ETF
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short-term publicly issued U.S. dollar-denominated high yield corporate bonds.
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