“Over longer periods, I would expect them to have very similar returns looking at net asset values,” added Timothy Strauts, an ETF analyst at Morningstar. “We’re going to need a little more time to figure out which one’s best.”
HYG has a 30-day SEC yield of 5.8%, compared with 6.1% for JNK.
SPDR Barclays Capital High Yield Bond
Full disclosure: Tom Lydon’s clients own HYG and JNK.