BSJQ vs. BNDW
BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) and BNDW (Vanguard Total World Bond ETF) are both exchange-traded funds - BSJQ is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Both are passively managed. Over the past 5 years, BSJQ returned 3.76%/yr vs 0.24%/yr for BNDW. At a 0.29 correlation, their price movements are largely independent. BSJQ charges 0.42%/yr vs 0.05%/yr for BNDW.
Performance
BSJQ vs. BNDW - Performance Comparison
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Returns By Period
In the year-to-date period, BSJQ achieves a 1.16% return, which is significantly higher than BNDW's 0.92% return.
BSJQ
- 1D
- 0.15%
- 1M
- -0.13%
- YTD
- 1.16%
- 6M
- 1.31%
- 1Y
- 4.65%
- 3Y*
- 6.94%
- 5Y*
- 3.76%
- 10Y*
- —
BNDW
- 1D
- 0.15%
- 1M
- 1.10%
- YTD
- 0.92%
- 6M
- 1.01%
- 1Y
- 3.46%
- 3Y*
- 4.20%
- 5Y*
- 0.24%
- 10Y*
- —
BSJQ vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.16% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 2.80% | 16.74% | -4.27% |
BNDW Vanguard Total World Bond ETF | 0.92% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
Correlation
The correlation between BSJQ and BNDW is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.29 |
The correlation between BSJQ and BNDW shifts across timeframes, from 0.29 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSJQ vs. BNDW — Risk / Return Rank
BSJQ
BNDW
BSJQ vs. BNDW - 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 Vanguard Total World Bond ETF (BNDW). 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 | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.18 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 8.64 | 1.29 | +7.35 |
| Martin ratioReturn relative to average drawdown | 35.55 | 3.49 | +32.06 |
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Drawdowns
BSJQ vs. BNDW - Drawdown Comparison
The maximum BSJQ drawdown since its inception was -24.13%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for BSJQ and BNDW.
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Drawdown Indicators
| BSJQ | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.13% | -17.22% | -6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.54% | -2.70% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -4.27% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -11.95% | -16.93% | +4.98% |
Current DrawdownCurrent decline from peak | -0.13% | -1.05% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -4.96% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.99% | -0.86% |
Volatility
BSJQ vs. BNDW - Volatility Comparison
The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.62%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.03%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJQ | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.03% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 2.69% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 3.35% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 5.22% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.42% | 4.89% | +3.53% |
BSJQ vs. BNDW - Expense Ratio Comparison
BSJQ has a 0.42% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Dividends
BSJQ vs. BNDW - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 5.81%, more than BNDW's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.19% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.81% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
Frequently Asked Questions
BSJQ and BNDW have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDW has higher volatility (1.03%) compared to BSJQ (0.62%). In terms of maximum drawdown, BSJQ dropped -24.13% vs BNDW's -17.22%.
On 5-year performance, BSJQ leads with 3.76% vs 0.24% for BNDW. On fees, BNDW is cheaper at 0.05% per year. On volatility, BSJQ has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSJQ has performed better with a 3.76% return vs 0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.42% for BSJQ.
BSJQ has the higher dividend yield at 5.81%, compared with 4.19% for BNDW.
BSJQ is categorized as High Yield Bonds, while BNDW is Global Bonds. BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index, while BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.42% for BSJQ and 0.05% for BNDW.
BSJQ currently has the higher Sharpe Ratio (3.42 vs 1.04), 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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