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BSCN vs. SJNK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BSCNSJNK

Correlation

-0.50.00.51.00.1

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

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember0
6.76%
BSCN
SJNK

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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.


SJNK
SPDR Bloomberg Barclays Short Term High Yield Bond ETF
Expense ratio chart for SJNK: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for BSCN: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

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.


BSCN
Sharpe ratio
The chart of Sharpe ratio for BSCN, currently valued at 0.89, compared to the broader market-2.000.002.004.006.000.89
Sortino ratio
The chart of Sortino ratio for BSCN, currently valued at 1.32, compared to the broader market0.005.0010.001.32
Omega ratio
The chart of Omega ratio for BSCN, currently valued at 1.71, compared to the broader market1.001.502.002.503.001.71
Calmar ratio
The chart of Calmar ratio for BSCN, currently valued at 1.32, compared to the broader market0.005.0010.0015.001.32
Martin ratio
The chart of Martin ratio for BSCN, currently valued at 1.39, compared to the broader market0.0020.0040.0060.0080.00100.001.39
SJNK
Sharpe ratio
The chart of Sharpe ratio for SJNK, currently valued at 3.49, compared to the broader market-2.000.002.004.006.003.49
Sortino ratio
The chart of Sortino ratio for SJNK, currently valued at 5.55, compared to the broader market0.005.0010.005.55
Omega ratio
The chart of Omega ratio for SJNK, currently valued at 1.72, compared to the broader market1.001.502.002.503.001.72
Calmar ratio
The chart of Calmar ratio for SJNK, currently valued at 7.82, compared to the broader market0.005.0010.0015.007.82
Martin ratio
The chart of Martin ratio for SJNK, currently valued at 31.51, compared to the broader market0.0020.0040.0060.0080.00100.0031.51

BSCN vs. SJNK - Sharpe Ratio Comparison


Rolling 12-month Sharpe Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
0.89
3.49
BSCN
SJNK

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 7.26%.


TTM20232022202120202019201820172016201520142013
BSCN
Invesco BulletShares 2023 Corporate Bond ETF
0.85%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
7.26%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


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.38%
0
BSCN
SJNK

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 0.77%. 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.


0.00%0.20%0.40%0.60%0.80%1.00%1.20%1.40%JuneJulyAugustSeptemberOctoberNovember0
0.77%
BSCN
SJNK