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.
Performance
BSJO vs. IBHD - Performance Comparison
Returns By Period
In the year-to-date period, BSJO achieves a 5.04% return, which is significantly lower than IBHD's 5.44% return.
BSJO
5.04%
0.42%
2.46%
6.42%
3.12%
N/A
IBHD
5.44%
0.34%
2.94%
6.39%
4.12%
N/A
Key characteristics
| BSJO | IBHD | |
|---|---|---|
| Sharpe Ratio | 5.47 | 3.97 |
| Sortino Ratio | 10.86 | 6.15 |
| Omega Ratio | 2.66 | 2.01 |
| Calmar Ratio | 19.63 | 12.94 |
| Martin Ratio | 104.00 | 74.76 |
| Ulcer Index | 0.06% | 0.09% |
| Daily Std Dev | 1.18% | 1.68% |
| Max Drawdown | -21.99% | -20.11% |
| Current Drawdown | -0.04% | 0.00% |
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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.
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.
Risk-Adjusted Performance
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
BSJO's dividend yield for the trailing twelve months is around 5.90%, less than IBHD's 6.26% 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% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSJO vs. IBHD - Drawdown Comparison
The maximum BSJO drawdown since its inception was -21.99%, which is greater than IBHD's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for BSJO and IBHD. For additional features, visit the drawdowns tool.
Volatility
BSJO vs. IBHD - Volatility Comparison
The current volatility for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) is 0.15%, while iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a volatility of 0.25%. This indicates that BSJO experiences smaller price fluctuations and is considered to be less risky than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.