BSJQ vs. BBHY
BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, BSJQ returned 3.65%/yr vs 3.99%/yr for BBHY. Their correlation of 0.84 suggests significant overlap in exposure. BSJQ charges 0.42%/yr vs 0.15%/yr for BBHY.
Performance
BSJQ vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, BSJQ achieves a 1.02% return, which is significantly lower than BBHY's 1.90% return.
BSJQ
- 1D
- -0.04%
- 1M
- -0.18%
- YTD
- 1.02%
- 6M
- 1.08%
- 1Y
- 4.03%
- 3Y*
- 7.01%
- 5Y*
- 3.65%
- 10Y*
- —
BBHY
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 1.90%
- 6M
- 1.89%
- 1Y
- 6.28%
- 3Y*
- 8.81%
- 5Y*
- 3.99%
- 10Y*
- —
BSJQ vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.02% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 2.80% | 16.74% | -4.08% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.90% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.80% |
Correlation
The correlation between BSJQ and BBHY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018 | 0.84 |
The correlation between BSJQ and BBHY shifts across timeframes, from 0.70 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSJQ vs. BBHY — Risk / Return Rank
BSJQ
BBHY
BSJQ vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
| BSJQ | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.33 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 7.48 | 2.66 | +4.82 |
| Martin ratioReturn relative to average drawdown | 30.02 | 11.84 | +18.18 |
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Drawdowns
BSJQ vs. BBHY - Drawdown Comparison
The maximum BSJQ drawdown since its inception was -24.13%, roughly equal to the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for BSJQ and BBHY.
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Drawdown Indicators
| BSJQ | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.13% | -24.98% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.54% | -2.37% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -5.00% | +2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -11.95% | -15.32% | +3.37% |
Current DrawdownCurrent decline from peak | -0.27% | -0.13% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -2.36% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.53% | -0.40% |
Volatility
BSJQ vs. BBHY - Volatility Comparison
The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.61%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.00%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJQ | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.00% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 2.94% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 3.67% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 7.28% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 7.51% | +0.90% |
BSJQ vs. BBHY - Expense Ratio Comparison
BSJQ has a 0.42% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
BSJQ vs. BBHY - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 5.79%, less than BBHY's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.92% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.79% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% | 0.00% | 0.00% |
Frequently Asked Questions
BSJQ and BBHY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (1.00%) compared to BSJQ (0.61%). In terms of maximum drawdown, BSJQ dropped -24.13% vs BBHY's -24.98%.
On 5-year performance, BBHY leads with 3.99% vs 3.65% for BSJQ. On fees, BBHY is cheaper at 0.15% per year. On volatility, BSJQ has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBHY has performed better with a 3.99% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJQ.
BBHY has the higher dividend yield at 6.92%, compared with 5.79% for BSJQ.
BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.42% for BSJQ and 0.15% for BBHY.
BSJQ currently has the higher Sharpe Ratio (3.00 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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