BSJO vs. SPHQ

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Invesco S&P 500 Quality ETF (SPHQ).

BSJO and SPHQ 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. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005. Both BSJO and SPHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BSJO vs. SPHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Invesco S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

BSJO vs. SPHQ - Yearly Performance Comparison

	2026 (YTD)
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF	0.00%
SPHQ Invesco S&P 500 Quality ETF	-4.65%

Returns By Period

BSJO

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPHQ

• 1D: 0.89%
• 1M: -5.57%
• YTD: 1.46%
• 6M: 3.57%
• 1Y: 16.02%
• 3Y*: 18.54%
• 5Y*: 12.70%
• 10Y*: 13.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJO vs. SPHQ - Expense Ratio Comparison

BSJO has a 0.42% expense ratio, which is higher than SPHQ's 0.15% expense ratio.

BSJO

Invesco BulletShares 2024 High Yield Corporate Bond ETF

SPHQ

Invesco S&P 500 Quality ETF

Return for Risk

BSJO vs. SPHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPHQ

SPHQ Risk / Return Rank: 54
SPHQ Sharpe Ratio Rank: 50
SPHQ Sortino Ratio Rank: 53
SPHQ Omega Ratio Rank: 50
SPHQ Calmar Ratio Rank: 55
SPHQ Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSJO vs. SPHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) and Invesco S&P 500 Quality ETF (SPHQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSJO	SPHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.50	—

Dividends

BSJO vs. SPHQ - Dividend Comparison

BSJO has not paid dividends to shareholders, while SPHQ's dividend yield for the trailing twelve months is around 1.18%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHQ Invesco S&P 500 Quality ETF	1.18%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Drawdowns

BSJO vs. SPHQ - Drawdown Comparison

The maximum BSJO drawdown since its inception was 0.00%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for BSJO and SPHQ.

Drawdown Indicators

	BSJO	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-57.83%	+57.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.60%	—
Current Drawdown Current decline from peak	0.00%	-5.92%	+5.92%
Average Drawdown Average peak-to-trough decline	0.00%	-10.78%	+10.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.48%	—

Volatility

Volatility by Period

	BSJO	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	17.13%	-17.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	16.40%	-16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	17.81%	-17.81%