What is the expense ratio of JNK vs XLF?

JNK has an expense ratio of 0.40%, while XLF has an expense ratio of 0.08%.

JNK vs XLF

State Street SPDR Bloomberg High Yield Bond ETF vs State Street Financial Select Sector SPDR ETF

Last updated: 2026-04-10

JNK SPDR

State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund issued by SPDR 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 6.60%. Launched in 2007, the fund has a 19-year track record.

AUM: $6.9B ER: 0.40% Yield: 6.60% Since: Nov 28, 2007

XLF SPDR

State Street Financial Select Sector SPDR ETF (XLF) is an exchange-traded fund issued by SPDR that provides exposure to us sector - financials securities. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 1.56%. Launched in 1998, the fund has a 28-year track record.

AUM: $50.3B ER: 0.08% Yield: 1.56% Since: Dec 16, 1998

Quick Verdict

XLF is significantly cheaper at 0.08% vs 0.40% expense ratio, saving you approximately $627 per $10,000 invested over 10 years. Over the past year, XLF has significantly outperformed with a 10.4% return vs 4.6%. Income investors may prefer JNK for its higher yield (6.6% vs 1.6%).

Key Metrics

Metric	JNK	XLF
Expense Ratio	0.40%	0.08%
Dividend Yield	6.6%	1.6%
Fund Family	SPDR	SPDR
Category	US High Yield Bond	US Sector - Financials

Performance Chart

Indexed to 100 at start (5-year comparison)

JNK -11.4%

XLF +43.5%

Performance Comparison

Period	JNK	XLF	Difference
1 Month	+0.31%	+2.07%	-1.76%
3 Months	-1.30%	-8.36%	+7.06%
6 Months	-0.53%	-3.78%	+3.25%
YTD	-0.85%	-7.76%	+6.91%
1 Year	+4.60%	+10.37%	-5.77%
3 Years	+4.83%	+56.68%	-51.85%
5 Years	-11.39%	+43.54%	-54.93%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	JNK Fees	XLF Fees	You Save
$10,000	10 years	$786	$159	$627
$10,000	20 years	$3,334	$686	$2,648
$10,000	30 years	$10,601	$2,212	$8,388
$50,000	10 years	$3,932	$797	$3,135
$50,000	30 years	$53,003	$11,061	$41,941
$100,000	30 years	$106,005	$22,123	$83,882

Risk Metrics

Based on 5 years of daily returns

Metric	JNK	XLF
Annualized Volatility	7.7%	18.7%
Max Drawdown	-20.6%	-26.9%
Sharpe Ratio	-0.86	0.24

Dividend Comparison

Metric	JNK	XLF
Annual Dividend (per share)	$6.37	$0.79
Dividend Yield	6.61%	1.56%
Distribution Frequency	Monthly	Quarterly

Top Holdings

XLF Top Holdings

Name	Weight
Berkshire Hathaway Inc.BRK.B	12.15%
JPMorgan Chase & Co.JPM	11.42%
Visa Inc.V	7.08%
Mastercard IncorporatedMA	5.60%
Bank of America CorporationBAC	4.77%
The Goldman Sachs Group, Inc.GS	3.70%
Wells Fargo & CompanyWFC	3.63%
Citigroup Inc.C	2.98%
Morgan StanleyMS	2.93%
American Express CompanyAXP	2.32%

Which One Should You Choose?

Choose XLF if...

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

Choose XLF if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose JNK if...

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

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