BSJP vs. ICVT

Last updated Jun 4, 2026

BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) and ICVT (iShares Convertible Bond ETF) are both exchange-traded funds - BSJP is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index, while ICVT is a Preferred Stock/Convertible Bonds fund tracking the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. BSJP charges 0.42%/yr vs 0.20%/yr for ICVT.

Performance

BSJP vs. ICVT - 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 iShares Convertible Bond ETF (ICVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSJP

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

ICVT

• 1D: -0.97%
• 1M: 7.16%
• YTD: 25.28%
• 6M: 24.31%
• 1Y: 42.20%
• 3Y*: 21.04%
• 5Y*: 7.79%
• 10Y*: 13.99%

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

BSJP vs. ICVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	10.41%	-5.16%	4.57%	4.16%	16.89%	-4.66%	0.35%
ICVT iShares Convertible Bond ETF	25.28%	18.10%	10.61%	15.35%	-20.66%	-0.66%	61.01%	21.76%	-0.27%	2.25%

Correlation

The correlation between BSJP and ICVT is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017	0.54

Over the past year, the correlation between BSJP and ICVT has dropped to 0.01 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

BSJP vs. ICVT - Sectors Allocation Comparison

Sectors	BSJP	ICVT
Financial Services	95.2%	-
Industrials	4.7%	-
Energy	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	13.0%
Consumer Defensive	-	-
Healthcare	-	44.8%
Real Estate	-	-
Technology	-	55.2%
Utilities	-	-

Return for Risk

BSJP vs. ICVT — Risk / Return Rank

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

ICVT

ICVT Risk / Return Rank: 87
ICVT Sharpe Ratio Rank: 87
ICVT Sortino Ratio Rank: 84
ICVT Omega Ratio Rank: 84
ICVT Calmar Ratio Rank: 90
ICVT Martin Ratio Rank: 89

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.

BSJP vs. ICVT - Risk-Adjusted Trends Comparison

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

	BSJP	ICVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.95	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.78	—

Drawdowns

Drawdown Indicators

	BSJP	ICVT	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.25%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.25%	—
Current Drawdown Current decline from peak	—	-0.97%	—
Average Drawdown Average peak-to-trough decline	—	-9.50%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	BSJP	ICVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.23%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.50%	—

BSJP vs. ICVT - Expense Ratio Comparison

BSJP has a 0.42% expense ratio, which is higher than ICVT's 0.20% expense ratio.

Dividends

BSJP vs. ICVT - Dividend Comparison

BSJP's dividend yield for the trailing twelve months is around 2.26%, more than ICVT's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%	0.00%	0.00%
ICVT iShares Convertible Bond ETF	1.30%	1.73%	2.19%	1.85%	1.93%	7.70%	3.98%	1.86%	4.82%	2.56%	3.06%	1.57%

Frequently Asked Questions

Can I hold both BSJP and ICVT in my portfolio?

BSJP and ICVT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSJP or ICVT?

On fees, ICVT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSJP or ICVT?

ICVT is cheaper with a 0.20% expense ratio, compared with 0.42% for BSJP.

Which ETF pays a higher dividend yield, BSJP or ICVT?

BSJP has the higher dividend yield at 2.26%, compared with 1.30% for ICVT.

What is the main difference between BSJP and ICVT?

BSJP is categorized as High Yield Bonds, while ICVT is Preferred Stock/Convertible Bonds. BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index, while ICVT tracks Barclays U.S. Convertible Cash Pay Bond > $250MM Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJP and 0.20% for ICVT.