PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BSJP vs. BSJO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BSJP and BSJO is 0.81, 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.


-0.50.00.51.00.8

Performance

BSJP vs. BSJO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). The values are adjusted to include any dividend payments, if applicable.

24.00%26.00%28.00%30.00%32.00%34.00%36.00%38.00%JulyAugustSeptemberOctoberNovemberDecember
37.89%
27.11%
BSJP
BSJO

Key characteristics

Sharpe Ratio

BSJP:

4.41

BSJO:

5.47

Sortino Ratio

BSJP:

7.99

BSJO:

9.96

Omega Ratio

BSJP:

2.04

BSJO:

2.53

Calmar Ratio

BSJP:

19.09

BSJO:

17.21

Martin Ratio

BSJP:

73.90

BSJO:

94.69

Ulcer Index

BSJP:

0.11%

BSJO:

0.06%

Daily Std Dev

BSJP:

1.88%

BSJO:

1.04%

Max Drawdown

BSJP:

-23.58%

BSJO:

-21.99%

Current Drawdown

BSJP:

0.00%

BSJO:

0.00%

Returns By Period

In the year-to-date period, BSJP achieves a 8.10% return, which is significantly higher than BSJO's 5.37% return.


BSJP

YTD

8.10%

1M

0.48%

6M

3.82%

1Y

8.05%

5Y*

4.33%

10Y*

N/A

BSJO

YTD

5.37%

1M

0.27%

6M

2.26%

1Y

5.48%

5Y*

2.86%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BSJP vs. BSJO - Expense Ratio Comparison

Both BSJP and BSJO have an expense ratio of 0.42%.


BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
Expense ratio chart for BSJP: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%
Expense ratio chart for BSJO: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

BSJP vs. BSJO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.


Sharpe ratio
The chart of Sharpe ratio for BSJP, currently valued at 4.41, compared to the broader market0.002.004.004.415.54
The chart of Sortino ratio for BSJP, currently valued at 7.99, compared to the broader market-2.000.002.004.006.008.0010.007.9910.15
The chart of Omega ratio for BSJP, currently valued at 2.04, compared to the broader market0.501.001.502.002.503.002.042.58
The chart of Calmar ratio for BSJP, currently valued at 19.09, compared to the broader market0.005.0010.0015.0019.0917.34
The chart of Martin ratio for BSJP, currently valued at 73.90, compared to the broader market0.0020.0040.0060.0080.00100.0073.9095.39
BSJP
BSJO

The current BSJP Sharpe Ratio is 4.41, which is comparable to the BSJO Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of BSJP and BSJO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.504.004.505.005.50JulyAugustSeptemberOctoberNovemberDecember
4.41
5.54
BSJP
BSJO

Dividends

BSJP vs. BSJO - Dividend Comparison

BSJP's dividend yield for the trailing twelve months is around 5.78%, more than BSJO's 5.38% yield.


TTM20232022202120202019201820172016
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
5.78%7.07%5.37%4.26%4.95%5.50%5.84%1.32%0.00%
BSJO
Invesco BulletShares 2024 High Yield Corporate Bond ETF
5.38%6.05%4.89%4.05%4.51%5.11%5.69%4.69%1.39%

Drawdowns

BSJP vs. BSJO - Drawdown Comparison

The maximum BSJP drawdown since its inception was -23.58%, which is greater than BSJO's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for BSJP and BSJO. For additional features, visit the drawdowns tool.


-0.25%-0.20%-0.15%-0.10%-0.05%0.00%JulyAugustSeptemberOctoberNovemberDecember00
BSJP
BSJO

Volatility

BSJP vs. BSJO - Volatility Comparison

Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) has a higher volatility of 0.58% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.19%. This indicates that BSJP's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.20%0.30%0.40%0.50%0.60%JulyAugustSeptemberOctoberNovemberDecember
0.58%
0.19%
BSJP
BSJO
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab