BSJP vs. MEAR
BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) and MEAR (iShares Short Maturity Municipal 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 MEAR is a Municipal Bonds fund actively managed by iShares. BSJP is passively managed, while MEAR is actively managed. At a 0.08 correlation, their price movements are largely independent. BSJP charges 0.42%/yr vs 0.25%/yr for MEAR.
Performance
BSJP vs. MEAR - Performance Comparison
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Returns By Period
BSJP
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- -0.08%
- 1M
- 0.07%
- 6M
- 0.96%
- YTD
- 1.20%
- 1Y
- 2.80%
- 3Y*
- 3.44%
- 5Y*
- 2.44%
- 10Y*
- 1.77%
BSJP vs. MEAR - 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% | 0.43% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.20% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 1.18% | 1.91% | 1.63% | -0.18% |
Correlation
The correlation between BSJP and MEAR is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.08 |
The correlation between BSJP and MEAR shifts across timeframes, from -0.12 (1 year) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSJP vs. MEAR — Risk / Return Rank
BSJP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEAR
BSJP vs. MEAR - 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 Short Maturity Municipal Bond ETF (MEAR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSJP | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.74 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.02 | — |
| Martin ratioReturn relative to average drawdown | — | 24.61 | — |
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Drawdowns
BSJP vs. MEAR - Drawdown Comparison
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Drawdown Indicators
| BSJP | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -2.68% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | — | -0.08% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.19% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.11% | — |
Volatility
BSJP vs. MEAR - Volatility Comparison
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Volatility by Period
| BSJP | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 0.86% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 0.99% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 1.51% | — |
BSJP vs. MEAR - Expense Ratio Comparison
BSJP has a 0.42% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
BSJP vs. MEAR - Dividend Comparison
BSJP's dividend yield for the trailing twelve months is around 1.89%, less than MEAR's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 1.89% | 4.50% | 6.25% | 7.07% | 5.37% | 4.27% | 4.96% | 5.49% | 5.84% | 1.32% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.83% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Frequently Asked Questions
BSJP and MEAR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEAR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEAR is cheaper with a 0.25% expense ratio, compared with 0.42% for BSJP.
MEAR has the higher dividend yield at 2.83%, compared with 1.89% for BSJP.
BSJP is categorized as High Yield Bonds, while MEAR is Municipal Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJP and 0.25% for MEAR.
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