BSJP vs. LQD
Compare and contrast key facts about Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
BSJP and LQD 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. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002. Both BSJP and LQD 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 LQD.
Key characteristics
| BSJP | LQD | |
|---|---|---|
| YTD Return | 7.47% | 1.86% |
| 1Y Return | 9.92% | 11.12% |
| 3Y Return (Ann) | 4.31% | -2.93% |
| 5Y Return (Ann) | 4.62% | 0.21% |
| Sharpe Ratio | 4.87 | 1.47 |
| Sortino Ratio | 9.52 | 2.17 |
| Omega Ratio | 2.24 | 1.26 |
| Calmar Ratio | 22.68 | 0.58 |
| Martin Ratio | 89.63 | 5.23 |
| Ulcer Index | 0.11% | 2.13% |
| Daily Std Dev | 2.03% | 7.59% |
| Max Drawdown | -23.58% | -24.95% |
| Current Drawdown | -0.13% | -10.29% |
Correlation
The correlation between BSJP and LQD is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSJP vs. LQD - Performance Comparison
In the year-to-date period, BSJP achieves a 7.47% return, which is significantly higher than LQD's 1.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSJP vs. LQD - Expense Ratio Comparison
BSJP has a 0.42% expense ratio, which is higher than LQD's 0.15% expense ratio.
Risk-Adjusted Performance
BSJP vs. LQD - 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 $ 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.
Dividends
BSJP vs. LQD - Dividend Comparison
BSJP's dividend yield for the trailing twelve months is around 6.81%, more than LQD's 4.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 6.81% | 7.07% | 5.37% | 4.26% | 4.95% | 5.50% | 5.84% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.39% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
BSJP vs. LQD - Drawdown Comparison
The maximum BSJP drawdown since its inception was -23.58%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for BSJP and LQD. For additional features, visit the drawdowns tool.
Volatility
BSJP vs. LQD - Volatility Comparison
The current volatility for Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) is 0.54%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.65%. This indicates that BSJP experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.