BKWO vs. BSJO
Compare and contrast key facts about BNY Mellon Women's Opportunities ETF (BKWO) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
BKWO and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKWO is an actively managed fund by BNY Mellon. It was launched on May 16, 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: BKWO or BSJO.
Key characteristics
| BKWO | BSJO | |
|---|---|---|
| YTD Return | 16.94% | 4.26% |
| 1Y Return | 27.52% | 6.87% |
| Sharpe Ratio | 1.89 | 4.35 |
| Daily Std Dev | 14.31% | 1.57% |
| Max Drawdown | -12.34% | -21.98% |
| Current Drawdown | -0.55% | 0.00% |
Correlation
The correlation between BKWO and BSJO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BKWO vs. BSJO - Performance Comparison
In the year-to-date period, BKWO achieves a 16.94% 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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BKWO vs. BSJO - Expense Ratio Comparison
BKWO has a 0.50% expense ratio, which is higher than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
BKWO vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Women's Opportunities ETF (BKWO) 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
BKWO vs. BSJO - Dividend Comparison
BKWO's dividend yield for the trailing twelve months is around 0.23%, less than BSJO's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BKWO BNY Mellon Women's Opportunities ETF | 0.23% | 0.27% | 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
BKWO vs. BSJO - Drawdown Comparison
The maximum BKWO drawdown since its inception was -12.34%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for BKWO and BSJO. For additional features, visit the drawdowns tool.
Volatility
BKWO vs. BSJO - Volatility Comparison
BNY Mellon Women's Opportunities ETF (BKWO) has a higher volatility of 4.07% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that BKWO'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.