BHYB vs. BSJO
Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
BHYB and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BHYB is a passively managed fund by Xtrackers that tracks the performance of the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. It was launched on Oct 26, 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. Both BHYB 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: BHYB or BSJO.
Key characteristics
| BHYB | BSJO | |
|---|---|---|
| YTD Return | 6.31% | 4.21% |
| Daily Std Dev | 4.95% | 1.58% |
| Max Drawdown | -2.07% | -21.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BHYB and BSJO is 0.43, 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
BHYB vs. BSJO - Performance Comparison
In the year-to-date period, BHYB achieves a 6.31% 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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BHYB vs. BSJO - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
BHYB vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) 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.
Not enough dataDividends
BHYB vs. BSJO - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 5.30%, less than BSJO's 5.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.30% | 0.75% | 0.00% | 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
BHYB vs. BSJO - Drawdown Comparison
The maximum BHYB drawdown since its inception was -2.07%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for BHYB and BSJO. For additional features, visit the drawdowns tool.
Volatility
BHYB vs. BSJO - Volatility Comparison
Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) has a higher volatility of 0.89% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that BHYB'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.