What is the expense ratio of JNK vs XLP?

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

JNK vs XLP

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

XLP SPDR

State Street Consumer Staples Select Sector SPDR ETF (XLP) is an exchange-traded fund issued by SPDR that provides exposure to us sector - consumer staples securities. It charges a low expense ratio of 0.08%. The fund offers an attractive dividend yield of 2.63%. Launched in 1998, the fund has a 28-year track record.

AUM: $14.5B ER: 0.08% Yield: 2.63% Since: Dec 16, 1998

Quick Verdict

XLP is significantly cheaper at 0.08% vs 0.40% expense ratio, saving you approximately $627 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (4.6% vs 4.3%), tracking closely. Income investors may prefer JNK for its higher yield (6.6% vs 2.6%).

Key Metrics

Metric	JNK	XLP
Expense Ratio	0.40%	0.08%
Dividend Yield	6.6%	2.6%
Fund Family	SPDR	SPDR
Category	US High Yield Bond	US Sector - Consumer Staples

Performance Chart

Indexed to 100 at start (5-year comparison)

JNK -11.4%

XLP +19.4%

Performance Comparison

Period	JNK	XLP	Difference
1 Month	+0.31%	-2.20%	+2.51%
3 Months	-1.30%	+3.17%	-4.47%
6 Months	-0.53%	+6.28%	-6.81%
YTD	-0.85%	+6.48%	-7.33%
1 Year	+4.60%	+4.25%	+0.35%
3 Years	+4.83%	+9.45%	-4.62%
5 Years	-11.39%	+19.39%	-30.78%

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	$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	XLP
Annualized Volatility	7.7%	13.2%
Max Drawdown	-20.6%	-17.8%
Sharpe Ratio	-0.86	-0.01

Dividend Comparison

Metric	JNK	XLP
Annual Dividend (per share)	$6.37	$2.18
Dividend Yield	6.61%	2.63%
Distribution Frequency	Monthly	Quarterly

Top Holdings

XLP Top Holdings

Name	Weight
Walmart Inc.WMT	12.01%
Costco Wholesale CorporationCOST	9.72%
The Procter & Gamble CompanyPG	7.23%
The Coca-Cola CompanyKO	6.42%
Philip Morris International Inc.PM	5.32%
Mondelez International, Inc.MDLZ	4.79%
Altria Group, Inc.MO	4.57%
PepsiCo, Inc.PEP	4.57%
Colgate-Palmolive CompanyCL	4.31%
Target CorporationTGT	3.70%

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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