BSJP vs. HYG
Compare and contrast key facts about Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
BSJP and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. It was launched on Sep 27, 2017. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both BSJP and HYG 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: BSJP or HYG.
Performance
BSJP vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, BSJP achieves a 7.58% return, which is significantly lower than HYG's 8.62% return.
BSJP
7.58%
0.39%
3.82%
9.49%
4.76%
N/A
HYG
8.62%
0.12%
6.53%
13.37%
3.71%
3.95%
Key characteristics
| BSJP | HYG | |
|---|---|---|
| Sharpe Ratio | 4.87 | 2.90 |
| Sortino Ratio | 9.39 | 4.52 |
| Omega Ratio | 2.23 | 1.57 |
| Calmar Ratio | 22.05 | 2.63 |
| Martin Ratio | 86.71 | 21.80 |
| Ulcer Index | 0.11% | 0.62% |
| Daily Std Dev | 1.97% | 4.65% |
| Max Drawdown | -23.58% | -34.24% |
| Current Drawdown | -0.03% | -0.38% |
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BSJP vs. HYG - Expense Ratio Comparison
BSJP has a 0.42% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between BSJP and HYG is 0.86, 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
BSJP vs. HYG - 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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
BSJP vs. HYG - Dividend Comparison
BSJP's dividend yield for the trailing twelve months is around 6.75%, more than HYG's 6.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 6.75% | 7.07% | 5.37% | 4.26% | 4.95% | 5.50% | 5.84% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.36% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
BSJP vs. HYG - Drawdown Comparison
The maximum BSJP drawdown since its inception was -23.58%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for BSJP and HYG. For additional features, visit the drawdowns tool.
Volatility
BSJP vs. HYG - Volatility Comparison
The current volatility for Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) is 0.43%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.05%. This indicates that BSJP experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.