AOHY vs. BSJP

Last updated Jun 5, 2026

AOHY (Angel Oak High Yield Opportunities ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds. AOHY is actively managed, while BSJP is passively managed. At a 0.33 correlation, their price movements are largely independent. AOHY charges 0.55%/yr vs 0.42%/yr for BSJP.

Performance

AOHY vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak High Yield Opportunities ETF (AOHY) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AOHY

• 1D: 0.06%
• 1M: 0.45%
• YTD: 2.21%
• 6M: 2.76%
• 1Y: 7.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AOHY vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AOHY Angel Oak High Yield Opportunities ETF	2.21%	7.62%	7.50%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	6.27%

Correlation

The correlation between AOHY and BSJP is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024	0.33

Over the past year, the correlation between AOHY and BSJP has dropped to 0.00 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

AOHY vs. BSJP - Sectors Allocation Comparison

Sectors	AOHY	BSJP
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.1%
Financial Services	-	95.2%
Healthcare	-	-
Industrials	-	4.7%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AOHY vs. BSJP — Risk / Return Rank

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

AOHY

AOHY Risk / Return Rank: 73
AOHY Sharpe Ratio Rank: 69
AOHY Sortino Ratio Rank: 77
AOHY Omega Ratio Rank: 78
AOHY Calmar Ratio Rank: 61
AOHY Martin Ratio Rank: 79

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.

AOHY vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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.

	AOHY	BSJP	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.42	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	2.99	—	—
Martin ratio: Return relative to average drawdown	15.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AOHY	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	—	—

Drawdowns

Drawdown Indicators

	AOHY	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-4.17%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	—	—
Current Drawdown Current decline from peak	-0.21%	—	—
Average Drawdown Average peak-to-trough decline	-0.35%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	—	—

Volatility

Volatility by Period

	AOHY	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.79%	—	—

AOHY vs. BSJP - Expense Ratio Comparison

AOHY has a 0.55% expense ratio, which is higher than BSJP's 0.42% expense ratio.

Dividends

AOHY vs. BSJP - Dividend Comparison

AOHY's dividend yield for the trailing twelve months is around 6.51%, more than BSJP's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOHY Angel Oak High Yield Opportunities ETF	6.51%	6.53%	6.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%

Frequently Asked Questions

Can I hold both AOHY and BSJP in my portfolio?

AOHY and BSJP have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AOHY or BSJP?

On fees, BSJP is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AOHY or BSJP?

BSJP is cheaper with a 0.42% expense ratio, compared with 0.55% for AOHY.

Which ETF pays a higher dividend yield, AOHY or BSJP?

AOHY has the higher dividend yield at 6.51%, compared with 2.26% for BSJP.

What is the main difference between AOHY and BSJP?

They also come from different issuers: Angel Oak and Invesco. Their fees differ too: 0.55% for AOHY and 0.42% for BSJP.