BKHY vs. BSJQ
BKHY (BNY Mellon High Yield Beta ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - BKHY tracks the Bloomberg US Corporate High Yield Index while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Over the past 5 years, BKHY returned 4.19%/yr vs 3.75%/yr for BSJQ. Their correlation of 0.89 suggests significant overlap in exposure. BKHY charges 0.22%/yr vs 0.42%/yr for BSJQ.
Performance
BKHY vs. BSJQ - Performance Comparison
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Returns By Period
In the year-to-date period, BKHY achieves a 1.83% return, which is significantly higher than BSJQ's 0.89% return.
BKHY
- 1D
- 0.10%
- 1M
- 0.54%
- YTD
- 1.83%
- 6M
- 2.02%
- 1Y
- 7.19%
- 3Y*
- 8.93%
- 5Y*
- 4.19%
- 10Y*
- —
BSJQ
- 1D
- 0.04%
- 1M
- -0.26%
- YTD
- 0.89%
- 6M
- 1.20%
- 1Y
- 4.61%
- 3Y*
- 7.03%
- 5Y*
- 3.75%
- 10Y*
- —
BKHY vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 1.83% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 0.89% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 16.91% |
Correlation
The correlation between BKHY and BSJQ is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.89 |
The correlation between BKHY and BSJQ shifts across timeframes, from 0.69 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BKHY vs. BSJQ — Risk / Return Rank
BKHY
BSJQ
BKHY vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.
| BKHY | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.76 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 8.55 | -5.69 |
| Martin ratioReturn relative to average drawdown | 13.14 | 40.68 | -27.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKHY | BSJQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 3.34 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.66 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.54 | +0.36 |
Drawdowns
BKHY vs. BSJQ - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, smaller than the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for BKHY and BSJQ.
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Drawdown Indicators
| BKHY | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -24.13% | +8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -0.54% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -2.66% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | -11.95% | -3.94% |
Current DrawdownCurrent decline from peak | -0.17% | -0.39% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -2.17% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.11% | +0.44% |
Volatility
BKHY vs. BSJQ - Volatility Comparison
BNY Mellon High Yield Beta ETF (BKHY) has a higher volatility of 1.12% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 0.54%. This indicates that BKHY's price experiences larger fluctuations and is considered to be riskier than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKHY | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.54% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 0.98% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 1.38% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 5.73% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 8.44% | -1.08% |
BKHY vs. BSJQ - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Dividends
BKHY vs. BSJQ - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 7.46%, more than BSJQ's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.46% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.83% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
Frequently Asked Questions
BKHY and BSJQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKHY has higher volatility (1.12%) compared to BSJQ (0.54%). In terms of maximum drawdown, BKHY dropped -15.89% vs BSJQ's -24.13%.
On 5-year performance, BKHY leads with 4.19% vs 3.75% for BSJQ. On fees, BKHY is cheaper at 0.22% per year. On volatility, BSJQ has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKHY has performed better with a 4.19% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKHY is cheaper with a 0.22% expense ratio, compared with 0.42% for BSJQ.
BKHY has the higher dividend yield at 7.46%, compared with 5.83% for BSJQ.
BKHY tracks Bloomberg US Corporate High Yield Index, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: BNY Mellon and Invesco. Their fees differ too: 0.22% for BKHY and 0.42% for BSJQ.
BSJQ currently has the higher Sharpe Ratio (3.34 vs 1.96), 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.
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