BSJP vs. LQD
BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) and LQD (iShares iBoxx $ Investment Grade Corporate 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 LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. BSJP charges 0.42%/yr vs 0.15%/yr for LQD.
Performance
BSJP vs. LQD - Performance Comparison
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Returns By Period
BSJP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQD
- 1D
- -0.28%
- 1M
- 0.72%
- YTD
- 0.46%
- 6M
- -0.03%
- 1Y
- 6.08%
- 3Y*
- 4.95%
- 5Y*
- -0.04%
- 10Y*
- 2.52%
BSJP vs. LQD - 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.46% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 1.53% |
Correlation
The correlation between BSJP and LQD 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 | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017 | 0.37 |
Over the past year, the correlation between BSJP and LQD has dropped to 0.01 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
BSJP vs. LQD — Risk / Return Rank
BSJP
LQD
BSJP vs. LQD - 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 iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
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Sharpe Ratios by Period
| BSJP | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.14 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.54 | — |
Drawdowns
BSJP vs. LQD - Drawdown Comparison
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Drawdown Indicators
| BSJP | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -24.95% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | — | -3.72% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.99% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.17% | — |
Volatility
BSJP vs. LQD - Volatility Comparison
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Volatility by Period
| BSJP | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 5.36% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 8.65% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.68% | — |
BSJP vs. LQD - Expense Ratio Comparison
BSJP has a 0.42% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
BSJP vs. LQD - Dividend Comparison
BSJP's dividend yield for the trailing twelve months is around 2.26%, less than LQD's 4.57% 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.57% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
BSJP and LQD 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.
On fees, LQD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQD is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJP.
LQD has the higher dividend yield at 4.57%, compared with 2.26% for BSJP.
BSJP is categorized as High Yield Bonds, while LQD is Corporate Bonds. BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJP and 0.15% for LQD.
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