BSJQ vs. BSJR

Last updated Jun 4, 2026

BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds from Invesco - BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, BSJQ returned 3.74%/yr vs 3.37%/yr for BSJR. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.42% expense ratio.

Performance

BSJQ vs. BSJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJQ achieves a 0.85% return, which is significantly lower than BSJR's 1.11% return.

BSJQ

• 1D: 0.00%
• 1M: -0.28%
• YTD: 0.85%
• 6M: 1.28%
• 1Y: 4.62%
• 3Y*: 6.94%
• 5Y*: 3.74%
• 10Y*: —

BSJR

• 1D: -0.09%
• 1M: 0.05%
• YTD: 1.11%
• 6M: 1.70%
• 1Y: 4.78%
• 3Y*: 7.78%
• 5Y*: 3.37%
• 10Y*: —

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

BSJQ vs. BSJR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF	0.85%	6.59%	7.49%	9.83%	-7.35%	4.53%	2.80%	2.71%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.11%	7.41%	7.15%	11.91%	-11.35%	3.60%	5.69%	3.00%

Correlation

The correlation between BSJQ and BSJR is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019	0.89

The correlation between BSJQ and BSJR shifts across timeframes, from 0.69 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

BSJQ vs. BSJR - Sectors Allocation Comparison

Sectors	BSJQ	BSJR
Financial Services	39.0%	13.8%
Consumer Cyclical	7.0%	11.2%
Technology	5.0%	1.6%
Real Estate	3.6%	4.2%
Industrials	2.1%	10.3%
Communication Services	1.8%	6.0%
Energy	1.6%	4.3%
Basic Materials	-	1.6%
Consumer Defensive	-	1.8%
Healthcare	-	2.7%
Utilities	-	0.8%

Return for Risk

BSJQ vs. BSJR — Risk / Return Rank

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

BSJQ

BSJQ Risk / Return Rank: 95
BSJQ Sharpe Ratio Rank: 92
BSJQ Sortino Ratio Rank: 95
BSJQ Omega Ratio Rank: 95
BSJQ Calmar Ratio Rank: 95
BSJQ Martin Ratio Rank: 97

BSJR

BSJR Risk / Return Rank: 78
BSJR Sharpe Ratio Rank: 68
BSJR Sortino Ratio Rank: 78
BSJR Omega Ratio Rank: 75
BSJR Calmar Ratio Rank: 80
BSJR Martin Ratio Rank: 87

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.

BSJQ vs. BSJR - 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 Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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.

	BSJQ	BSJR	Difference
Sharpe ratio: Return per unit of total volatility	3.35	2.27	+1.08
Sortino ratio: Return per unit of downside risk	5.25	3.51	+1.74
Omega ratio: Gain probability vs. loss probability	1.76	1.45	+0.31
Calmar ratio: Return relative to maximum drawdown	8.57	4.13	+4.44
Martin ratio: Return relative to average drawdown	41.55	19.02	+22.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSJQ vs. BSJR - Sharpe Ratio Comparison

The current BSJQ Sharpe Ratio is 3.35, which is higher than the BSJR Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of BSJQ and BSJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSJQ	BSJR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	2.27	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.50	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.43	+0.11

Drawdowns

BSJQ vs. BSJR - Drawdown Comparison

The maximum BSJQ drawdown since its inception was -24.13%, which is greater than BSJR's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for BSJQ and BSJR.

Drawdown Indicators

	BSJQ	BSJR	Difference
Max Drawdown Largest peak-to-trough decline	-24.13%	-22.58%	-1.55%
Max Drawdown (1Y) Largest decline over 1 year	-0.54%	-1.16%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-2.66%	-3.15%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-11.95%	-16.37%	+4.42%
Current Drawdown Current decline from peak	-0.43%	-0.27%	-0.16%
Average Drawdown Average peak-to-trough decline	-2.17%	-3.25%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	0.25%	-0.14%

Volatility

BSJQ vs. BSJR - Volatility Comparison

The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.54%, while Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) has a volatility of 0.57%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJQ	BSJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	0.57%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	0.98%	1.45%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	1.38%	2.12%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	6.73%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.45%	9.37%	-0.92%

BSJQ vs. BSJR - Expense Ratio Comparison

Both BSJQ and BSJR have an expense ratio of 0.42%.

Dividends

BSJQ vs. BSJR - Dividend Comparison

BSJQ's dividend yield for the trailing twelve months is around 5.83%, more than BSJR's 5.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF	5.83%	6.10%	6.58%	6.58%	5.58%	4.27%	4.64%	4.59%	2.39%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	5.75%	6.19%	6.75%	6.48%	5.37%	4.49%	4.53%	1.20%	0.00%

Frequently Asked Questions

Can I hold both BSJQ and BSJR in my portfolio?

BSJQ and BSJR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJQ or BSJR?

BSJR has higher volatility (0.57%) compared to BSJQ (0.54%). In terms of maximum drawdown, BSJQ dropped -24.13% vs BSJR's -22.58%.

Which ETF is better, BSJQ or BSJR?

On 5-year performance, BSJQ leads with 3.74% vs 3.37% for BSJR. Both ETFs have the same 0.42% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJQ or BSJR?

Over the 5-year period, BSJQ has performed better with a 3.74% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJQ or BSJR?

BSJQ and BSJR have the same expense ratio: 0.42% per year.

Which ETF pays a higher dividend yield, BSJQ or BSJR?

BSJQ has the higher dividend yield at 5.83%, compared with 5.75% for BSJR.

What is the main difference between BSJQ and BSJR?

BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index.

Which has better risk-adjusted returns?

BSJQ currently has the higher Sharpe Ratio (3.35 vs 2.27), 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.