BSJO vs. FLHY
Compare and contrast key facts about Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Franklin Liberty High Yield Corporate ETF (FLHY).
BSJO and FLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJO or FLHY.
Performance
BSJO vs. FLHY - Performance Comparison
Returns By Period
In the year-to-date period, BSJO achieves a 5.04% return, which is significantly lower than FLHY's 8.56% return.
BSJO
5.04%
0.42%
2.46%
6.42%
3.12%
N/A
FLHY
8.56%
0.31%
5.66%
12.67%
4.83%
N/A
Key characteristics
| BSJO | FLHY | |
|---|---|---|
| Sharpe Ratio | 5.47 | 2.97 |
| Sortino Ratio | 10.86 | 4.74 |
| Omega Ratio | 2.66 | 1.60 |
| Calmar Ratio | 19.63 | 4.96 |
| Martin Ratio | 104.00 | 25.02 |
| Ulcer Index | 0.06% | 0.51% |
| Daily Std Dev | 1.18% | 4.31% |
| Max Drawdown | -21.99% | -22.57% |
| Current Drawdown | -0.04% | -0.49% |
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BSJO vs. FLHY - Expense Ratio Comparison
BSJO has a 0.42% expense ratio, which is higher than FLHY's 0.40% expense ratio.
Correlation
The correlation between BSJO and FLHY is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BSJO vs. FLHY - 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 Franklin Liberty High Yield Corporate ETF (FLHY). 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. FLHY - Dividend Comparison
BSJO's dividend yield for the trailing twelve months is around 5.90%, less than FLHY's 6.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
FLHY Franklin Liberty High Yield Corporate ETF | 6.39% | 6.25% | 6.54% | 5.50% | 5.48% | 5.45% | 4.28% | 0.00% | 0.00% |
Drawdowns
BSJO vs. FLHY - Drawdown Comparison
The maximum BSJO drawdown since its inception was -21.99%, roughly equal to the maximum FLHY drawdown of -22.57%. Use the drawdown chart below to compare losses from any high point for BSJO and FLHY. For additional features, visit the drawdowns tool.
Volatility
BSJO vs. FLHY - Volatility Comparison
The current volatility for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) is 0.15%, while Franklin Liberty High Yield Corporate ETF (FLHY) has a volatility of 0.96%. This indicates that BSJO experiences smaller price fluctuations and is considered to be less risky than FLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.