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

Performance

BSJP vs. SPY - 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 S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.82%
11.79%
BSJP
SPY

Returns By Period

In the year-to-date period, BSJP achieves a 7.58% return, which is significantly lower than SPY's 25.36% return.


BSJP

YTD

7.58%

1M

0.39%

6M

3.82%

1Y

9.49%

5Y (annualized)

4.76%

10Y (annualized)

N/A

SPY

YTD

25.36%

1M

0.98%

6M

11.79%

1Y

31.70%

5Y (annualized)

15.55%

10Y (annualized)

13.07%

Key characteristics


BSJPSPY
Sharpe Ratio4.872.69
Sortino Ratio9.393.59
Omega Ratio2.231.50
Calmar Ratio22.053.89
Martin Ratio86.7117.53
Ulcer Index0.11%1.87%
Daily Std Dev1.97%12.15%
Max Drawdown-23.58%-55.19%
Current Drawdown-0.03%-1.41%

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BSJP vs. SPY - Expense Ratio Comparison

BSJP has a 0.42% expense ratio, which is higher than SPY's 0.09% expense ratio.


BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
Expense ratio chart for BSJP: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.00.7

The correlation between BSJP and SPY is 0.69, 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.

Risk-Adjusted Performance

BSJP vs. SPY - 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 S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for BSJP, currently valued at 4.87, compared to the broader market0.002.004.006.004.872.69
The chart of Sortino ratio for BSJP, currently valued at 9.39, compared to the broader market-2.000.002.004.006.008.0010.0012.009.393.59
The chart of Omega ratio for BSJP, currently valued at 2.23, compared to the broader market0.501.001.502.002.503.002.231.50
The chart of Calmar ratio for BSJP, currently valued at 22.05, compared to the broader market0.005.0010.0015.0022.053.89
The chart of Martin ratio for BSJP, currently valued at 86.71, compared to the broader market0.0020.0040.0060.0080.00100.00120.0086.7117.53
BSJP
SPY

The current BSJP Sharpe Ratio is 4.87, which is higher than the SPY Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of BSJP and SPY, 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 Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
4.87
2.69
BSJP
SPY

Dividends

BSJP vs. SPY - Dividend Comparison

BSJP's dividend yield for the trailing twelve months is around 6.75%, more than SPY's 1.19% yield.


TTM20232022202120202019201820172016201520142013
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
6.75%7.07%5.37%4.26%4.95%5.50%5.84%1.32%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.19%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

BSJP vs. SPY - Drawdown Comparison

The maximum BSJP drawdown since its inception was -23.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BSJP and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.03%
-1.41%
BSJP
SPY

Volatility

BSJP vs. SPY - Volatility Comparison

The current volatility for Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) is 0.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that BSJP experiences smaller price fluctuations and is considered to be less risky than SPY 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%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.43%
4.09%
BSJP
SPY