ADPV vs. BSJO
Compare and contrast key facts about Adaptiv Select ETF (ADPV) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
ADPV and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADPV is an actively managed fund by Adaptiv. It was launched on Nov 3, 2022. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADPV or BSJO.
Key characteristics
| ADPV | BSJO | |
|---|---|---|
| YTD Return | 26.68% | 4.26% |
| 1Y Return | 27.73% | 6.84% |
| Sharpe Ratio | 1.43 | 4.35 |
| Daily Std Dev | 19.82% | 1.57% |
| Max Drawdown | -14.73% | -21.98% |
| Current Drawdown | -1.64% | 0.00% |
Correlation
The correlation between ADPV and BSJO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ADPV vs. BSJO - Performance Comparison
In the year-to-date period, ADPV achieves a 26.68% return, which is significantly higher than BSJO's 4.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ADPV vs. BSJO - Expense Ratio Comparison
ADPV has a 1.00% expense ratio, which is higher than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
ADPV vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptiv Select ETF (ADPV) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ADPV vs. BSJO - Dividend Comparison
ADPV's dividend yield for the trailing twelve months is around 0.18%, less than BSJO's 5.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ADPV Adaptiv Select ETF | 0.18% | 0.22% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.89% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.87% | 1.39% |
Drawdowns
ADPV vs. BSJO - Drawdown Comparison
The maximum ADPV drawdown since its inception was -14.73%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for ADPV and BSJO. For additional features, visit the drawdowns tool.
Volatility
ADPV vs. BSJO - Volatility Comparison
Adaptiv Select ETF (ADPV) has a higher volatility of 4.82% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that ADPV's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.