BSJO vs. PGHY
Compare and contrast key facts about Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Invesco Global Short Term High Yield Bond ETF (PGHY).
BSJO and PGHY 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. PGHY is a passively managed fund by Invesco that tracks the performance of the DB Global Short Maturity High Yield Bond Index. It was launched on Jun 20, 2013. Both BSJO and PGHY 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 PGHY.
Performance
BSJO vs. PGHY - Performance Comparison
Returns By Period
In the year-to-date period, BSJO achieves a 5.18% return, which is significantly lower than PGHY's 8.89% return.
BSJO
5.18%
0.55%
2.50%
6.56%
3.14%
N/A
PGHY
8.89%
0.28%
5.46%
12.45%
3.55%
3.96%
Key characteristics
| BSJO | PGHY | |
|---|---|---|
| Sharpe Ratio | 5.53 | 2.94 |
| Sortino Ratio | 11.02 | 4.49 |
| Omega Ratio | 2.68 | 1.58 |
| Calmar Ratio | 19.92 | 6.82 |
| Martin Ratio | 105.50 | 26.32 |
| Ulcer Index | 0.06% | 0.50% |
| Daily Std Dev | 1.19% | 4.46% |
| Max Drawdown | -21.99% | -20.50% |
| Current Drawdown | 0.00% | -0.55% |
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BSJO vs. PGHY - Expense Ratio Comparison
BSJO has a 0.42% expense ratio, which is higher than PGHY's 0.35% expense ratio.
Correlation
The correlation between BSJO and PGHY is 0.32, 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. PGHY - 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 Invesco Global Short Term High Yield Bond ETF (PGHY). 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. PGHY - Dividend Comparison
BSJO's dividend yield for the trailing twelve months is around 5.89%, less than PGHY's 7.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.89% | 6.05% | 4.89% | 4.06% | 4.51% | 5.10% | 5.68% | 4.87% | 1.39% | 0.00% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.42% | 7.86% | 5.12% | 5.18% | 5.45% | 5.33% | 5.45% | 5.52% | 6.26% | 4.59% | 4.40% | 1.90% |
Drawdowns
BSJO vs. PGHY - Drawdown Comparison
The maximum BSJO drawdown since its inception was -21.99%, which is greater than PGHY's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for BSJO and PGHY. For additional features, visit the drawdowns tool.
Volatility
BSJO vs. PGHY - Volatility Comparison
The current volatility for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) is 0.19%, while Invesco Global Short Term High Yield Bond ETF (PGHY) has a volatility of 1.22%. This indicates that BSJO experiences smaller price fluctuations and is considered to be less risky than PGHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.