BSJO vs. EIFAX
Compare and contrast key facts about Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
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. EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJO or EIFAX.
Performance
BSJO vs. EIFAX - Performance Comparison
Returns By Period
In the year-to-date period, BSJO achieves a 5.04% return, which is significantly lower than EIFAX's 7.53% return.
BSJO
5.04%
0.42%
2.46%
6.42%
3.12%
N/A
EIFAX
7.53%
0.81%
4.14%
10.85%
5.65%
5.02%
Key characteristics
| BSJO | EIFAX | |
|---|---|---|
| Sharpe Ratio | 5.47 | 3.62 |
| Sortino Ratio | 10.86 | 10.64 |
| Omega Ratio | 2.66 | 3.21 |
| Calmar Ratio | 19.63 | 13.57 |
| Martin Ratio | 104.00 | 61.20 |
| Ulcer Index | 0.06% | 0.18% |
| Daily Std Dev | 1.18% | 2.99% |
| Max Drawdown | -21.99% | -38.15% |
| Current Drawdown | -0.04% | 0.00% |
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BSJO vs. EIFAX - Expense Ratio Comparison
BSJO has a 0.42% expense ratio, which is lower than EIFAX's 0.47% expense ratio.
Correlation
The correlation between BSJO and EIFAX is 0.23, 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.
Risk-Adjusted Performance
BSJO vs. EIFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Eaton Vance Floating-Rate Advantage Fund (EIFAX). 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
BSJO vs. EIFAX - Dividend Comparison
BSJO's dividend yield for the trailing twelve months is around 5.90%, less than EIFAX's 9.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.90% | 6.05% | 4.89% | 4.06% | 4.51% | 5.10% | 5.68% | 4.87% | 1.39% | 0.00% | 0.00% | 0.00% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.45% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Drawdowns
BSJO vs. EIFAX - Drawdown Comparison
The maximum BSJO drawdown since its inception was -21.99%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for BSJO and EIFAX. For additional features, visit the drawdowns tool.
Volatility
BSJO vs. EIFAX - Volatility Comparison
The current volatility for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) is 0.15%, while Eaton Vance Floating-Rate Advantage Fund (EIFAX) has a volatility of 0.63%. This indicates that BSJO experiences smaller price fluctuations and is considered to be less risky than EIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.