BSJP vs. TSMY

Last updated Jun 25, 2026

BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) and TSMY (YieldMax TSM Option Income Strategy 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 TSMY is a Derivative Income fund actively managed by YieldMax. BSJP is passively managed, while TSMY is actively managed. At a 0.09 correlation, their price movements are largely independent. BSJP charges 0.42%/yr vs 0.99%/yr for TSMY.

Performance

BSJP vs. TSMY - 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 YieldMax TSM Option Income Strategy ETF (TSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: 1.49%
• 1M: 7.51%
• YTD: 37.92%
• 6M: 40.03%
• 1Y: 79.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJP vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	2.48%
TSMY YieldMax TSM Option Income Strategy ETF	37.92%	41.00%	8.05%

Correlation

The correlation between BSJP and TSMY is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.09

The correlation between BSJP and TSMY shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BSJP vs. TSMY — Risk / Return Rank

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

BSJP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSMY

TSMY Risk / Return Rank: 85
TSMY Sharpe Ratio Rank: 88
TSMY Sortino Ratio Rank: 79
TSMY Omega Ratio Rank: 79
TSMY Calmar Ratio Rank: 91
TSMY Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSJP vs. TSMY - 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 YieldMax TSM Option Income Strategy ETF (TSMY). 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	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.57	—
Sortino ratio: Return per unit of downside risk	—	3.14	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	5.15	—
Martin ratio: Return relative to average drawdown	—	18.62	—

Drawdowns

Drawdown Indicators

	BSJP	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.15%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.50%	—
Current Drawdown Current decline from peak	—	-4.49%	—
Average Drawdown Average peak-to-trough decline	—	-5.44%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.28%	—

Volatility

Volatility by Period

	BSJP	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	31.17%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	33.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	33.92%	—

BSJP vs. TSMY - Expense Ratio Comparison

BSJP has a 0.42% expense ratio, which is lower than TSMY's 0.99% expense ratio.

Dividends

BSJP vs. TSMY - Dividend Comparison

BSJP's dividend yield for the trailing twelve months is around 1.89%, less than TSMY's 50.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TSMY YieldMax TSM Option Income Strategy ETF	50.28%	56.76%	13.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJP and TSMY in my portfolio?

BSJP and TSMY have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSJP or TSMY?

On fees, BSJP is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSJP or TSMY?

BSJP is cheaper with a 0.42% expense ratio, compared with 0.99% for TSMY.

Which ETF pays a higher dividend yield, BSJP or TSMY?

TSMY has the higher dividend yield at 50.28%, compared with 1.89% for BSJP.

What is the main difference between BSJP and TSMY?

BSJP is categorized as High Yield Bonds, while TSMY is Derivative Income. They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.42% for BSJP and 0.99% for TSMY.