Royal Bank of Canada vs State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF — how do they compare? Royal Bank of Canada trades at $210.37 (market cap $289.51B), while State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF trades at $24.9. The key difference: Royal Bank of Canada pays a 2.42% dividend while State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF pays none, and Royal Bank of Canada is trading nearer its 52-week high, State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF nearer its low. Which is the better fit depends on your goals.
| RY | SJNK | |
|---|---|---|
Market Cap | $289.51B | — |
Sector | Financials | Sector/Thematic |
52-Week High | $217.87 | $25.63 |
52-Week Low | $128.46 | $24.75 |
Dividend Yield | 2.42% | — |
Trailing returns across standard periods
Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.
Read more on RY →SJNK invests in U.S. dollar-denominated high-yield corporate bonds with short-term maturities (under five years). It offers higher yields than investment-grade funds but with less interest rate sensitivity than longer-term junk bond ETFs.
Read more on SJNK →