APUE vs. BSJO
Compare and contrast key facts about ActivePassive U.S. Equity ETF (APUE) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
APUE and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APUE is an actively managed fund by ActivePassive. It was launched on May 2, 2023. 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: APUE or BSJO.
Key characteristics
| APUE | BSJO | |
|---|---|---|
| YTD Return | 18.77% | 4.26% |
| 1Y Return | 28.25% | 6.87% |
| Sharpe Ratio | 2.16 | 4.35 |
| Daily Std Dev | 13.14% | 1.57% |
| Max Drawdown | -10.08% | -21.98% |
| Current Drawdown | -0.49% | 0.00% |
Correlation
The correlation between APUE and BSJO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
APUE vs. BSJO - Performance Comparison
In the year-to-date period, APUE achieves a 18.77% 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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APUE vs. BSJO - Expense Ratio Comparison
APUE has a 0.33% expense ratio, which is lower than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
APUE vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ActivePassive U.S. Equity ETF (APUE) 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
APUE vs. BSJO - Dividend Comparison
APUE's dividend yield for the trailing twelve months is around 0.34%, less than BSJO's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
APUE ActivePassive U.S. Equity ETF | 0.34% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.39% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.87% | 1.39% |
Drawdowns
APUE vs. BSJO - Drawdown Comparison
The maximum APUE drawdown since its inception was -10.08%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for APUE and BSJO. For additional features, visit the drawdowns tool.
Volatility
APUE vs. BSJO - Volatility Comparison
ActivePassive U.S. Equity ETF (APUE) has a higher volatility of 4.06% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that APUE'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.