BSCN vs. SJNK
Compare and contrast key facts about Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
BSCN and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2023 TR Index. It was launched on Sep 17, 2014. SJNK is a passively managed fund by State Street that tracks the performance of the Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y). It was launched on Mar 15, 2012. Both BSCN and SJNK 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: BSCN or SJNK.
Correlation
The correlation between BSCN and SJNK is 0.11, 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
BSCN vs. SJNK - Performance Comparison
Key characteristics
Returns By Period
BSCN
N/A
N/A
N/A
N/A
N/A
N/A
SJNK
7.57%
-0.38%
4.77%
7.74%
4.85%
4.50%
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BSCN vs. SJNK - Expense Ratio Comparison
BSCN has a 0.10% expense ratio, which is lower than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
BSCN vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). 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
BSCN vs. SJNK - Dividend Comparison
BSCN has not paid dividends to shareholders, while SJNK's dividend yield for the trailing twelve months is around 6.84%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 0.00% | 3.69% | 1.51% | 1.56% | 2.36% | 2.92% | 2.88% | 2.67% | 2.88% | 2.88% | 0.72% | 0.00% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 6.84% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
Drawdowns
BSCN vs. SJNK - Drawdown Comparison
Volatility
BSCN vs. SJNK - Volatility Comparison
The current volatility for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) is 0.00%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 1.16%. This indicates that BSCN experiences smaller price fluctuations and is considered to be less risky than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.