AHYB vs. BSJO
Compare and contrast key facts about American Century Select High Yield ETF (AHYB) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
AHYB and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHYB is a passively managed fund by American Century that tracks the performance of the ICE BofA US High Yield Constrained (BB). It was launched on Nov 16, 2021. 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. Both AHYB and BSJO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHYB or BSJO.
Key characteristics
| AHYB | BSJO | |
|---|---|---|
| YTD Return | 6.42% | 4.21% |
| 1Y Return | 11.77% | 6.80% |
| Sharpe Ratio | 2.38 | 4.40 |
| Daily Std Dev | 4.99% | 1.58% |
| Max Drawdown | -14.76% | -21.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between AHYB and BSJO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AHYB vs. BSJO - Performance Comparison
In the year-to-date period, AHYB achieves a 6.42% return, which is significantly higher than BSJO's 4.21% 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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AHYB vs. BSJO - Expense Ratio Comparison
AHYB has a 0.45% expense ratio, which is higher than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
AHYB vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) 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
AHYB vs. BSJO - Dividend Comparison
AHYB's dividend yield for the trailing twelve months is around 5.61%, less than BSJO's 5.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
AHYB American Century Select High Yield ETF | 5.61% | 5.28% | 5.06% | 0.60% | 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
AHYB vs. BSJO - Drawdown Comparison
The maximum AHYB drawdown since its inception was -14.76%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for AHYB and BSJO. For additional features, visit the drawdowns tool.
Volatility
AHYB vs. BSJO - Volatility Comparison
American Century Select High Yield ETF (AHYB) has a higher volatility of 0.84% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that AHYB'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.