JNK vs JPIE: Performance, Holdings, Fees & Risk
JNK and JPIE are ETFs, but they can differ materially in exposure, yield, fees and risk. JNK is State Street SPDR Bloomberg High Yield Bond ETF, while JPIE is JPMorgan Income ETF. JPIE is broader by holdings count, with 2,747 positions versus 1,154 for JNK. JPIE is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has JNK ahead on AIQ Score, 59 versus 51.
What is the main difference between JNK and JPIE?
JNK and JPIE have little in common: 5% of their weight is in the same securities.
| Metric | JNK | JPIE |
|---|---|---|
| Fund | ||
| Expense ratio | 0.4% | 0.4% |
| Holdings | 1,154 | 2,747 |
| Top-10 concentration | 4.6% | 21.4% |
| Distribution yieldTrailing 12 months | 6.87% | 5.7% |
| Average volume | 3,298,081 | 1,657,244 |
| Performance | ||
| 1Y return | -4.9% | -3.1% |
| YTD return | -5.1% | -3% |
| 5Y annualized returnTotal return, distributions reinvested | +3.1% | +3.1% |
| Risk | ||
| Annualized volatility | 4.2% | 2.4% |
| Max drawdown (1Y) | -5.8% | -4% |
| Max drawdown (5Y)Total return, distributions reinvested | -16.7% | -10% |
| Beta | 0.22 | 0.07 |
| Sharpe ratio | -2.16 | -2.95 |
| Sortino ratio | -2.90 | -3.17 |
| AlgovestIQ | ||
| AIQ Score | 59/100 | 51/100 |
| AIQ Edge Score | 7/10 | 4/10 |
| Momentum | 34/100 | 44/100 |
| Risk Resilience | 83/100 | 77/100 |
AlgovestIQ AIQ Comparison
State Street SPDR Bloomberg High Yield Bond ETF vs JPMorgan Income ETF
JNK leads
JNK leads by 8 AIQ points, primarily on Value and Risk Resilience.
Competitive: 3 of 4 evidence groups support JNK, and its current signal state is conflicted.
State Street SPDR Bloomberg High Yield Bond ETF
JPMorgan Income ETF
The Algovestiq AIQ Score currently favors JNK over JPIE, 59 versus 51 as of Oct 21, 2026. JNK's advantage is driven primarily by stronger value and risk resilience, while JPIE holds the stronger momentum profile. JNK also shows the weaker technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor JNK today, and the comparison is rated Competitive on stability: the leader is throwing conflicting signals. JNK lead: Stable — the AIQ differential has held near 8 points over 30 sessions.
Compare State Street SPDR Bloomberg High Yield Bond ETF and JPMorgan Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
JNK vs JPIE: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | JNK | JPIE | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.4% | 0.4% | Similar |
| Broader diversificationNumber of holdings | 1,154 | 2,747 | JPIE |
| Lower concentrationWeight of the 10 largest holdings | 4.6% | 21.4% | JNK |
| Higher incomeTrailing 12-month distribution yield | 6.87% | 5.7% | JNK |
| Smaller drawdownsMax drawdown, 5 years | -16.7% | -10% | JPIE |
| Lower volatilityAnnualized volatility, 1 year | 4.2% | 2.4% | JPIE |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare JNK and JPIE against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Value63 vs 36JNK +27
- Momentum34 vs 44JPIE +10
- Risk Resilience83 vs 77JNK +6
- Quality63 vs 59JNK +4
3 of 4 evidence groups favor JNK. JNK’s edge is concentrated in value and risk resilience; JPIE keeps a meaningful momentum edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +1
No signal started or stopped since the prior session; its 6 active signals are unchanged.
Largest factor move: Momentum +5
No signal started or stopped since the prior session; its 5 active signals are unchanged.
JNK's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — JNK and JPIE both carry a full feed there.
The central trade-off
JNK (State Street SPDR Bloomberg High Yield Bond ETF): the stronger current systematic profile, led by value and risk resilience.
JPIE (JPMorgan Income ETF): the counter-case, on momentum, technicals.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | JNK | JPIE | Why it matters |
|---|---|---|---|
| Expense ratio | 0.4% | 0.4% | Lower is better — it compounds against you every year you hold. |
| Holdings | 1,154 | 2,747 | More holdings means broader diversification, not better returns. |
| Average volume | 3,298,081 | 1,657,244 | Liquidity — matters most if you trade size. |
| Annualized volatility | 4.2% | 2.4% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -5.8% | -4% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -2.16 | -2.95 | Return per unit of risk. Higher is better. |
| Beta | 0.22 | 0.07 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
JNK and JPIE share 4.87% of their weighted exposure across 335 common holdings.
817 holdings are unique to JNK, and 2,221 holdings are unique to JPIE. Owning both is genuinely additive — most of the capital sits in different securities.
JPIE is the more concentrated of the two: its ten largest positions are 21.43% of the fund, against 4.59% for JNK (2,747 holdings vs 1,154). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | JNK | JPIE | Shared |
|---|---|---|---|
| TRANSDIGM INC SR SECURED 144A 03/29 6.375 | 0.33% | 0.09% | 0.09% |
| EMRLD BOR / EMRLD CO ISS SR SECURED 144A 12/30 6.625 | 0.29% | 0.07% | 0.07% |
| CELANESE US HOLDINGS LLC COMPANY GUAR 02/34 7.375 | 0.1% | 0.06% | 0.06% |
| NEXSTAR MEDIA INC SR SECURED 144A 09/33 6.5 | 0.34% | 0.06% | 0.06% |
| MAUSER PACKAGING SOLUT SR SECURED 144A 04/30 7.875 | 0.25% | 0.06% | 0.06% |
| EQUIPMENTSHARE.COM INC SECURED 144A 05/28 9 | 0.12% | 0.05% | 0.05% |
| MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.25 | 0.57% | 0.05% | 0.05% |
| ENERGY TRANSFER LP JR SUBORDINA 02/56 VAR | 0.14% | 0.05% | 0.05% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What JNK adds that JPIE doesn’t
| Holding | JNK | JPIE |
|---|---|---|
| 1261229 BC LTD SR SECURED 144A 04/32 10 | 0.7% | 0.02% |
| MERIDIAN ARC HOLDCO LLC SR SECURED 144A 04/31 6.25 | 0.57% | 0.05% |
| ECHOSTAR CORP SR SECURED 11/29 10.75 | 0.46% | 0.02% |
| PR RNO PROPERTY OWNER 1 SR SECURED 144A 05/31 6.5 | 0.45% | 0.03% |
| QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375 | 0.45% | 0.05% |
| VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5 | 0.41% | 0.01% |
What JPIE adds that JNK doesn’t
| Holding | JPIE | JNK |
|---|---|---|
| TBA UMBS SINGLE FAMILY 5% | 4.34% | Not held |
| TBA UMBS SINGLE 5.5% | 3.83% | Not held |
| TBA GNMA2 SINGLE 6.5% | 2.69% | Not held |
| JPMORGAN PRIME MONEY | 2.22% | Not held |
| TBA GNMA2 SINGLE 4.5% | 2.04% | Not held |
| GNMA II MORTPASS 6% 06/56 | 1.53% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
3 of 4 covered evidence groups favor JNK. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | JNK | 59 vs 51 |
| Fundamentals | Not covered | Not covered |
| Valuation | JNK | Value 63 vs 36 |
| Technicals | JPIE | Price vs 50-day -2.1% vs -1%; vs 200-day -3.8% vs -2.2% |
| Risk Resilience | JNK | Risk Resilience 83 vs 77 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of JNK and JPIE and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is moderate at 8 points.
- The lead has been steady session to session. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on JNK.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20JNK lead: Stable — the AIQ differential has held near 8 points over 30 sessions.
- Today
- JNK +8
- 59 vs 51
- 7 sessions ago
- JNK +9
- 58 vs 49
- 30 sessions ago
- JNK +10
- 56 vs 46
- 90 sessions ago
- JNK +7
- 62 vs 55
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 3 bearish / 2 neutral, conflicted
Only JNK
- Bollinger Band Squeeze — neutral, volatility, short horizon
1 bullish / 3 bearish / 1 neutral, conflicted
No signal that the other name lacks.
Both carry 5 more signals that do not separate them: Death Cross Active, ATR Contraction - Coiling, 52-Week Low Proximity, Downtrend Structure Active, MACD Bullish Crossover.
JNK leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved up over the latest session (price +0.16%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.02%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1JPIE closes the Value gap — currently 27 points behind, the largest single contributor to JNK's edge.
- 2JPIE's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3JNK's conflicting signal state resolves bearish — it currently carries 1 bullish and 3 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
JPIE leads 6 of 6 windows| Metric | JNK | JPIE |
|---|---|---|
| 1 week (5 sessions) | -0.5% | 0.3% |
| 1 month (20 sessions) | -2.6% | -0.9% |
| 3 months (63 sessions) | -3.7% | -2% |
| 6 months (126 sessions) | -4.7% | -2.7% |
| Year to date | -5.1% | -3% |
| 1 year (252 sessions) | -4.9% | -3.1% |
Technicals
JPIE has the stronger structure| Metric | JNK | JPIE |
|---|---|---|
| RSI (14) | 41.1 | 52.3 |
| ADX (14) | 40.8 | 48 |
| Price vs 50-day | -2.1% | -1% |
| Price vs 200-day | -3.8% | -2.2% |
| Volatility (1M, annualized) | 4.9% | 2.9% |
Risk
JNK is the more resilient| Metric | JNK | JPIE |
|---|---|---|
| Beta | 0.22 | 0.07 |
| Sharpe ratio | -2.16 | -2.95 |
| Sortino ratio | -2.9 | -3.17 |
| Max drawdown | -5.8% | -4% |
| Current drawdown | -5.8% | -3.5% |
| Annualized volatility | 4.2% | 2.4% |
| Value at risk (95%) | -0.5% | -0.3% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between JNK and JPIE?
JNK and JPIE have little in common: 5% of their weight is in the same securities.
How much do JNK and JPIE overlap?
JNK and JPIE share 4.87% of their weighted exposure across 335 common holdings. 817 holdings are unique to JNK, and 2,221 holdings are unique to JPIE. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, JNK or JPIE?
JPIE holds more positions: 2,747 versus 1,154 for JNK.
Which has the lower expense ratio?
Neither: both charge 0.4% a year.
Which ETF has the higher distribution yield?
JNK, with a trailing 12-month distribution yield of 6.87% against 5.7% for JPIE.
Which ETF has been more volatile?
JNK has been more volatile over the past year, at 4.2% annualized against 2.4% for JPIE.
Which ETF has had the smaller drawdown?
JPIE fell less from peak to trough over the past five years: -10% against -16.7% for JNK.
Compare JNK and JPIE with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.