BSJO vs. IBHD
Compare and contrast key facts about Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
BSJO and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both BSJO and IBHD 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: BSJO or IBHD.
Correlation
The correlation between BSJO and IBHD is 0.73, 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.
Performance
BSJO vs. IBHD - Performance Comparison
Key characteristics
Returns By Period
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BSJO vs. IBHD - Expense Ratio Comparison
BSJO has a 0.42% expense ratio, which is higher than IBHD's 0.35% expense ratio.
Risk-Adjusted Performance
BSJO vs. IBHD — Risk-Adjusted Performance Rank
BSJO
IBHD
BSJO vs. IBHD - 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 iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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. IBHD - Dividend Comparison
Neither BSJO nor IBHD has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 4.88% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.69% | 1.39% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 5.53% | 6.90% | 4.90% | 4.43% | 5.49% | 3.59% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSJO vs. IBHD - Drawdown Comparison
Volatility
BSJO vs. IBHD - Volatility Comparison
Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD) have volatilities of 0.19% and 0.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.