BSCO vs. SJNK
Compare and contrast key facts about Invesco BulletShares 2024 Corporate Bond ETF (BSCO) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
BSCO and SJNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2024 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 BSCO 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: BSCO or SJNK.
Key characteristics
| BSCO | SJNK | |
|---|---|---|
| YTD Return | 4.61% | 8.49% |
| 1Y Return | 5.72% | 13.18% |
| 3Y Return (Ann) | 1.72% | 4.78% |
| 5Y Return (Ann) | 2.44% | 5.32% |
| 10Y Return (Ann) | 3.40% | 4.43% |
| Sharpe Ratio | 9.16 | 3.69 |
| Sortino Ratio | 21.91 | 5.95 |
| Omega Ratio | 5.11 | 1.77 |
| Calmar Ratio | 4.18 | 8.15 |
| Martin Ratio | 308.93 | 32.86 |
| Ulcer Index | 0.02% | 0.42% |
| Daily Std Dev | 0.62% | 3.69% |
| Max Drawdown | -17.44% | -19.74% |
| Current Drawdown | 0.00% | -0.04% |
Correlation
The correlation between BSCO and SJNK is 0.16, 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
BSCO vs. SJNK - Performance Comparison
In the year-to-date period, BSCO achieves a 4.61% return, which is significantly lower than SJNK's 8.49% return. Over the past 10 years, BSCO has underperformed SJNK with an annualized return of 3.40%, while SJNK has yielded a comparatively higher 4.43% annualized 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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BSCO vs. SJNK - Expense Ratio Comparison
BSCO has a 0.10% expense ratio, which is lower than SJNK's 0.40% expense ratio.
Risk-Adjusted Performance
BSCO vs. SJNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2024 Corporate Bond ETF (BSCO) 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
BSCO vs. SJNK - Dividend Comparison
BSCO's dividend yield for the trailing twelve months is around 3.67%, less than SJNK's 7.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCO Invesco BulletShares 2024 Corporate Bond ETF | 3.67% | 2.88% | 2.15% | 2.02% | 2.43% | 3.02% | 3.21% | 3.01% | 3.17% | 3.34% | 0.78% | 0.00% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.27% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
Drawdowns
BSCO vs. SJNK - Drawdown Comparison
The maximum BSCO drawdown since its inception was -17.44%, smaller than the maximum SJNK drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for BSCO and SJNK. For additional features, visit the drawdowns tool.
Volatility
BSCO vs. SJNK - Volatility Comparison
The current volatility for Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is 0.14%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 0.76%. This indicates that BSCO 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.