AHYB vs. BSJR

Last updated Jun 5, 2026

AHYB (American Century Select High Yield ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds - AHYB tracks the ICE BofA US High Yield Constrained (BB) while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 3 years, AHYB returned 8.04%/yr vs 7.93%/yr for BSJR. Their correlation of 0.93 suggests significant overlap in exposure. AHYB charges 0.45%/yr vs 0.42%/yr for BSJR.

Performance

AHYB vs. BSJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Select High Yield ETF (AHYB) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AHYB having a 1.31% return and BSJR slightly lower at 1.27%.

AHYB

• 1D: 0.18%
• 1M: 0.40%
• YTD: 1.31%
• 6M: 2.00%
• 1Y: 6.50%
• 3Y*: 8.04%
• 5Y*: —
• 10Y*: —

BSJR

• 1D: 0.15%
• 1M: 0.25%
• YTD: 1.27%
• 6M: 1.81%
• 1Y: 4.78%
• 3Y*: 7.93%
• 5Y*: 3.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHYB vs. BSJR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AHYB American Century Select High Yield ETF	1.31%	8.96%	6.32%	11.69%	-10.26%	0.84%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.27%	7.41%	7.15%	11.91%	-11.35%	0.86%

Correlation

The correlation between AHYB and BSJR is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.93

The correlation between AHYB and BSJR shifts across timeframes, from 0.78 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AHYB vs. BSJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHYB

AHYB Risk / Return Rank: 62
AHYB Sharpe Ratio Rank: 59
AHYB Sortino Ratio Rank: 63
AHYB Omega Ratio Rank: 64
AHYB Calmar Ratio Rank: 56
AHYB Martin Ratio Rank: 69

BSJR

BSJR Risk / Return Rank: 79
BSJR Sharpe Ratio Rank: 71
BSJR Sortino Ratio Rank: 79
BSJR Omega Ratio Rank: 77
BSJR Calmar Ratio Rank: 80
BSJR Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHYB vs. BSJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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.

	AHYB	BSJR	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.27	-0.32
Sortino ratio: Return per unit of downside risk	2.91	3.51	-0.60
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	2.71	4.13	-1.42
Martin ratio: Return relative to average drawdown	12.65	19.06	-6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHYB vs. BSJR - Sharpe Ratio Comparison

The current AHYB Sharpe Ratio is 1.95, which is comparable to the BSJR Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AHYB and BSJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AHYB	BSJR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.27	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.43	+0.11

Drawdowns

AHYB vs. BSJR - Drawdown Comparison

The maximum AHYB drawdown since its inception was -14.76%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for AHYB and BSJR.

Drawdown Indicators

	AHYB	BSJR	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-22.58%	+7.82%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	-1.16%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-3.89%	-3.15%	-0.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.37%	—
Current Drawdown Current decline from peak	-0.13%	-0.11%	-0.02%
Average Drawdown Average peak-to-trough decline	-3.46%	-3.25%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	0.25%	+0.27%

Volatility

AHYB vs. BSJR - Volatility Comparison

American Century Select High Yield ETF (AHYB) has a higher volatility of 1.05% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.59%. This indicates that AHYB's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHYB	BSJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	0.59%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	2.57%	1.45%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	2.12%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.14%	6.73%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	9.36%	-2.22%

AHYB vs. BSJR - Expense Ratio Comparison

AHYB has a 0.45% expense ratio, which is higher than BSJR's 0.42% expense ratio.

Dividends

AHYB vs. BSJR - Dividend Comparison

AHYB's dividend yield for the trailing twelve months is around 6.00%, more than BSJR's 5.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AHYB American Century Select High Yield ETF	6.00%	5.80%	5.87%	5.28%	5.06%	0.60%	0.00%	0.00%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	5.74%	6.19%	6.75%	6.48%	5.37%	4.49%	4.53%	1.20%

Frequently Asked Questions

Can I hold both AHYB and BSJR in my portfolio?

AHYB and BSJR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHYB or BSJR?

AHYB has higher volatility (1.05%) compared to BSJR (0.59%). In terms of maximum drawdown, AHYB dropped -14.76% vs BSJR's -22.58%.

Which ETF is better, AHYB or BSJR?

On 3-year performance, AHYB leads with 8.04% vs 7.93% for BSJR. On fees, BSJR is cheaper at 0.42% per year. On volatility, BSJR has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AHYB or BSJR?

Over the 3-year period, AHYB has performed better with a 8.04% return vs 7.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AHYB or BSJR?

BSJR is cheaper with a 0.42% expense ratio, compared with 0.45% for AHYB.

Which ETF pays a higher dividend yield, AHYB or BSJR?

AHYB has the higher dividend yield at 6.00%, compared with 5.74% for BSJR.

What is the main difference between AHYB and BSJR?

AHYB tracks ICE BofA US High Yield Constrained (BB), while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. They also come from different issuers: American Century and Invesco. Their fees differ too: 0.45% for AHYB and 0.42% for BSJR.

Which has better risk-adjusted returns?

BSJR currently has the higher Sharpe Ratio (2.27 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.