Spdr Bloomberg Short Etf Profile
| SJNK Etf | USD 25.54 0.01 0.04% |
Performance15 of 100
| Odds Of DistressLess than 9
|
SPDR Bloomberg is selling for 25.54 as of the 24th of November 2024. This is a 0.04 percent increase since the beginning of the trading day. The etf's last reported lowest price was 25.52. SPDR Bloomberg has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for SPDR Bloomberg Short are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
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. More on SPDR Bloomberg Short
Moving together with SPDR Etf
| 0.96 | HYG | iShares iBoxx High Sell-off Trend | PairCorr |
| 0.97 | USHY | iShares Broad USD Sell-off Trend | PairCorr |
| 0.94 | JNK | SPDR Bloomberg High | PairCorr |
| 1.0 | SHYG | iShares 0 5 | PairCorr |
| 0.96 | HYLB | Xtrackers USD High | PairCorr |
Moving against SPDR Etf
SPDR Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | High Yield ETFs, Corporate ETFs, High Yield Bond, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 2012-03-14 |
| Benchmark | Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.95 Billion |
| Average Trading Valume | 2.5 Million |
| Asset Type | Fixed Income |
| Category | Corporate |
| Focus | High Yield |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | SSgA Funds Management, Inc. |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | State Street Global Advisors Funds Distributors, LLC |
| Portfolio Manager | Bradley Sullivan, Michael Brunell, Kyle Kelly |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 1,103 |
| Market Maker | Jane Street |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 8.13 |
| Name | SPDR Bloomberg Short Term High Yield Bond ETF |
| Currency Code | USD |
| Open Figi | BBG002QLYC88 |
| In Threey Volatility | 6.31 |
| 1y Volatility | 4.29 |
| 200 Day M A | 25.2002 |
| 50 Day M A | 25.5506 |
| Code | SJNK |
| Updated At | 24th of November 2024 |
| Currency Name | US Dollar |
SPDR Bloomberg Short [SJNK] is traded in USA and was established 2012-03-14. The fund is listed under High Yield Bond category and is part of SPDR State Street Global Advisors family. The entity is thematically classified as High Yield ETFs. SPDR Bloomberg Short at this time have 3.1 B in assets. , while the total return for the last 3 years was 4.8%.
Check SPDR Bloomberg Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as SPDR Bloomberg Short Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
SPDR Bloomberg Short Currency Exposure
SPDR Bloomberg Short holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of SPDR Bloomberg will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in SPDR Bloomberg Short.
Top SPDR Bloomberg Short Etf Constituents
| CCO | Clear Channel Outdoor | Stock | Communication Services | |
| IHRT | iHeartMedia Class A | Stock | Communication Services |
SPDR Bloomberg Top Holders
| WAYAX | Western Asset High | Mutual Fund | High Yield Bond | |
| ASADX | Short Duration Strategic | Mutual Fund | Short-Term Bond | |
| AHYVX | High Yield Fund A | Mutual Fund | High Yield Bond | |
| AHYRX | High Yield Fund R | Mutual Fund | High Yield Bond | |
| ASYDX | Short Duration Strategic | Mutual Fund | Short-Term Bond | |
| DYGIX | Dynamic Growth Fund | Mutual Fund | Allocation--85%+ Equity | |
| ASDRX | Short Duration Strategic | Mutual Fund | Short-Term Bond | |
| TMLDX | Thrivent Multidimensional Income | Mutual Fund | Multisector Bond |
SPDR Bloomberg Short Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SPDR Bloomberg. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.131 | |||
| Jensen Alpha | 0.012 | |||
| Total Risk Alpha | 1.0E-4 | |||
| Sortino Ratio | (0.51) |
SPDR Bloomberg Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Bloomberg Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of SPDR Bloomberg Short is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Bloomberg's value that differs from its market value or its book value, called intrinsic value, which is SPDR Bloomberg's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR Bloomberg's market value can be influenced by many factors that don't directly affect SPDR Bloomberg's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Bloomberg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.