ETF Versus

JNK vs XLP

State Street SPDR Bloomberg High Yield Bond ETF vs State Street Consumer Staples Select Sector SPDR ETF

Last updated: 2026-04-02

JNK State Street

State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund issued by State Street that provides exposure to below-investment-grade U.S. corporate bonds offering higher yields. It charges an above-average expense ratio of 0.40%. The fund offers a high dividend yield of 6.66%. Launched in 2007, the fund has a 19-year track record.

AUM: N/A ER: 0.40% Yield: 6.66% Since: 2007-12-04
XLP State Street

State Street Consumer Staples Select Sector SPDR ETF (XLP) is an exchange-traded fund issued by State Street that provides exposure to us sector - consumer staples securities. It charges a low expense ratio of 0.09%. The fund offers an attractive dividend yield of 2.67%. Launched in 1998, the fund has a 28-year track record.

AUM: N/A ER: 0.09% Yield: 2.67% Since: 1998-12-22

Quick Verdict

XLP is significantly cheaper at 0.09% vs 0.40% expense ratio, saving you approximately $607 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (0.6% vs -0.1%), tracking closely. Income investors may prefer JNK for its higher yield (6.7% vs 2.7%).

Key Metrics

Metric JNK XLP
Expense Ratio 0.40% 0.09%
Dividend Yield 6.7% 2.7%
Fund Family State Street State Street
Category US High Yield Bond US Sector - Consumer Staples

Performance Chart

Indexed to 100 at start (5-year comparison)

80 90 100 110 120 130 2021-04 2022-06 2023-10 2024-12 2026-04
JNK -12.0%
XLP +18.3%

Performance Comparison

Period JNK XLP Difference
1 Month -0.76% -7.15% +6.39%
3 Months -1.55% +4.87% -6.42%
6 Months -1.81% +5.18% -6.99%
YTD -1.55% +4.87% -6.42%
1 Year +0.56% -0.10% +0.66%
3 Years +3.73% +8.48% -4.75%
5 Years -11.96% +18.33% -30.29%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period JNK Fees XLP Fees You Save
$10,000 10 years $786 $179 $607
$10,000 20 years $3,334 $771 $2,563
$10,000 30 years $10,601 $2,486 $8,115
$50,000 10 years $3,932 $896 $3,036
$50,000 30 years $53,003 $12,428 $40,575
$100,000 30 years $106,005 $24,855 $81,150

Risk Metrics

Based on 5 years of daily returns

Metric JNK XLP
Annualized Volatility 7.7% 13.1%
Max Drawdown -20.6% -17.8%
Sharpe Ratio -0.88 -0.02

Dividend Comparison

Metric JNK XLP
Annual Dividend (per share) $6.37 $2.18
Dividend Yield 6.66% 2.67%
Distribution Frequency Monthly Quarterly

Which One Should You Choose?

Choose XLP if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose JNK if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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