BSJN vs. HYSZX
Compare and contrast key facts about Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) and PGIM Short Duration High Yield Income Fund (HYSZX).
BSJN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2023 Index. It was launched on Oct 7, 2015. HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJN or HYSZX.
Key characteristics
| BSJN | HYSZX |
|---|
Correlation
The correlation between BSJN and HYSZX 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
BSJN vs. HYSZX - Performance Comparison
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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BSJN vs. HYSZX - Expense Ratio Comparison
BSJN has a 0.42% expense ratio, which is lower than HYSZX's 0.75% expense ratio.
Risk-Adjusted Performance
BSJN vs. HYSZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) and PGIM Short Duration High Yield Income Fund (HYSZX). 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
BSJN vs. HYSZX - Dividend Comparison
BSJN has not paid dividends to shareholders, while HYSZX's dividend yield for the trailing twelve months is around 6.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJN Invesco BulletShares 2023 High Yield Corporate Bond ETF | 0.61% | 4.80% | 4.16% | 3.60% | 4.67% | 5.38% | 5.58% | 4.97% | 4.72% | 1.05% | 0.00% | 0.00% |
HYSZX PGIM Short Duration High Yield Income Fund | 6.69% | 6.42% | 6.15% | 5.01% | 5.00% | 5.53% | 5.95% | 5.73% | 6.13% | 6.76% | 6.22% | 6.01% |
Drawdowns
BSJN vs. HYSZX - Drawdown Comparison
Volatility
BSJN vs. HYSZX - Volatility Comparison
The current volatility for Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) is 0.00%, while PGIM Short Duration High Yield Income Fund (HYSZX) has a volatility of 0.68%. This indicates that BSJN experiences smaller price fluctuations and is considered to be less risky than HYSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.