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BSJP vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BSJP and SPHY is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

BSJP vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

32.00%34.00%36.00%38.00%40.00%NovemberDecember2025FebruaryMarchApril
40.27%
38.04%
BSJP
SPHY

Key characteristics

Sharpe Ratio

BSJP:

3.72

SPHY:

1.59

Sortino Ratio

BSJP:

6.53

SPHY:

2.32

Omega Ratio

BSJP:

1.93

SPHY:

1.34

Calmar Ratio

BSJP:

7.43

SPHY:

1.82

Martin Ratio

BSJP:

55.16

SPHY:

9.82

Ulcer Index

BSJP:

0.12%

SPHY:

0.90%

Daily Std Dev

BSJP:

1.82%

SPHY:

5.58%

Max Drawdown

BSJP:

-23.58%

SPHY:

-21.97%

Current Drawdown

BSJP:

0.00%

SPHY:

-0.99%

Returns By Period

In the year-to-date period, BSJP achieves a 1.75% return, which is significantly higher than SPHY's 1.22% return.


BSJP

YTD

1.75%

1M

0.47%

6M

2.69%

1Y

6.76%

5Y*

7.06%

10Y*

N/A

SPHY

YTD

1.22%

1M

0.12%

6M

2.15%

1Y

8.94%

5Y*

6.82%

10Y*

4.50%

*Annualized

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BSJP vs. SPHY - Expense Ratio Comparison

BSJP has a 0.42% expense ratio, which is higher than SPHY's 0.10% expense ratio.


Expense ratio chart for BSJP: current value is 0.42%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BSJP: 0.42%
Expense ratio chart for SPHY: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPHY: 0.10%

Risk-Adjusted Performance

BSJP vs. SPHY — Risk-Adjusted Performance Rank

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

BSJP
The Risk-Adjusted Performance Rank of BSJP is 9999
Overall Rank
The Sharpe Ratio Rank of BSJP is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of BSJP is 9999
Sortino Ratio Rank
The Omega Ratio Rank of BSJP is 9898
Omega Ratio Rank
The Calmar Ratio Rank of BSJP is 9898
Calmar Ratio Rank
The Martin Ratio Rank of BSJP is 9999
Martin Ratio Rank

SPHY
The Risk-Adjusted Performance Rank of SPHY is 9292
Overall Rank
The Sharpe Ratio Rank of SPHY is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHY is 9191
Sortino Ratio Rank
The Omega Ratio Rank of SPHY is 9292
Omega Ratio Rank
The Calmar Ratio Rank of SPHY is 9292
Calmar Ratio Rank
The Martin Ratio Rank of SPHY is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BSJP vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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.


The chart of Sharpe ratio for BSJP, currently valued at 3.72, compared to the broader market-1.000.001.002.003.004.00
BSJP: 3.72
SPHY: 1.59
The chart of Sortino ratio for BSJP, currently valued at 6.53, compared to the broader market-2.000.002.004.006.008.00
BSJP: 6.53
SPHY: 2.32
The chart of Omega ratio for BSJP, currently valued at 1.93, compared to the broader market0.501.001.502.002.50
BSJP: 1.93
SPHY: 1.34
The chart of Calmar ratio for BSJP, currently valued at 7.43, compared to the broader market0.002.004.006.008.0010.0012.00
BSJP: 7.43
SPHY: 1.82
The chart of Martin ratio for BSJP, currently valued at 55.16, compared to the broader market0.0020.0040.0060.00
BSJP: 55.16
SPHY: 9.82

The current BSJP Sharpe Ratio is 3.72, which is higher than the SPHY Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of BSJP and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00NovemberDecember2025FebruaryMarchApril
3.72
1.59
BSJP
SPHY

Dividends

BSJP vs. SPHY - Dividend Comparison

BSJP's dividend yield for the trailing twelve months is around 5.89%, less than SPHY's 7.76% yield.


TTM20242023202220212020201920182017201620152014
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
5.89%6.25%7.07%5.37%4.27%4.96%5.49%5.84%1.32%0.00%0.00%0.00%
SPHY
SPDR Portfolio High Yield Bond ETF
7.76%7.80%7.30%6.47%5.14%5.63%5.73%4.09%4.41%4.27%4.29%3.98%

Drawdowns

BSJP vs. SPHY - Drawdown Comparison

The maximum BSJP drawdown since its inception was -23.58%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BSJP and SPHY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril0
-0.99%
BSJP
SPHY

Volatility

BSJP vs. SPHY - Volatility Comparison

The current volatility for Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) is 1.07%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 4.19%. This indicates that BSJP experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
1.07%
4.19%
BSJP
SPHY