BSJO vs. INRO
Compare and contrast key facts about Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Blackrock U.S. Industry Rotation ETF (INRO).
BSJO and INRO 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. INRO is an actively managed fund by BlackRock. It was launched on Mar 26, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJO or INRO.
Performance
BSJO vs. INRO - Performance Comparison
Returns By Period
BSJO
5.04%
0.42%
2.46%
6.42%
3.12%
N/A
INRO
N/A
2.89%
13.37%
N/A
N/A
N/A
Key characteristics
| BSJO | INRO | |
|---|---|---|
| Daily Std Dev | 1.18% | 15.63% |
| Max Drawdown | -21.99% | -10.52% |
| Current Drawdown | -0.04% | -0.85% |
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BSJO vs. INRO - Expense Ratio Comparison
Both BSJO and INRO have an expense ratio of 0.42%.
Correlation
The correlation between BSJO and INRO is 0.24, 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. INRO - 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 Blackrock U.S. Industry Rotation ETF (INRO). 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.
Not enough dataDividends
BSJO vs. INRO - Dividend Comparison
BSJO's dividend yield for the trailing twelve months is around 5.90%, more than INRO's 0.25% 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% |
INRO Blackrock U.S. Industry Rotation ETF | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSJO vs. INRO - Drawdown Comparison
The maximum BSJO drawdown since its inception was -21.99%, which is greater than INRO's maximum drawdown of -10.52%. Use the drawdown chart below to compare losses from any high point for BSJO and INRO. For additional features, visit the drawdowns tool.
Volatility
BSJO vs. INRO - Volatility Comparison
The current volatility for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) is 0.15%, while Blackrock U.S. Industry Rotation ETF (INRO) has a volatility of 4.42%. This indicates that BSJO experiences smaller price fluctuations and is considered to be less risky than INRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.