BSJQ vs. CLOZ
Compare and contrast key facts about Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and Panagram Bbb-B Clo ETF (CLOZ).
BSJQ and CLOZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. It was launched on Aug 9, 2018. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJQ or CLOZ.
Performance
BSJQ vs. CLOZ - Performance Comparison
Returns By Period
In the year-to-date period, BSJQ achieves a 7.44% return, which is significantly lower than CLOZ's 10.55% return.
BSJQ
7.44%
0.55%
4.66%
9.82%
3.87%
N/A
CLOZ
10.55%
1.75%
5.25%
12.95%
N/A
N/A
Key characteristics
| BSJQ | CLOZ | |
|---|---|---|
| Sharpe Ratio | 3.53 | 6.17 |
| Sortino Ratio | 5.73 | 8.89 |
| Omega Ratio | 1.75 | 3.11 |
| Calmar Ratio | 9.22 | 9.47 |
| Martin Ratio | 36.61 | 57.54 |
| Ulcer Index | 0.27% | 0.23% |
| Daily Std Dev | 2.82% | 2.13% |
| Max Drawdown | -24.15% | -2.70% |
| Current Drawdown | -0.17% | 0.00% |
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BSJQ vs. CLOZ - Expense Ratio Comparison
BSJQ has a 0.42% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Correlation
The correlation between BSJQ and CLOZ is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
BSJQ vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and Panagram Bbb-B Clo ETF (CLOZ). 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.
Dividends
BSJQ vs. CLOZ - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 6.60%, less than CLOZ's 9.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.60% | 6.58% | 5.58% | 4.28% | 4.64% | 5.53% | 2.39% |
CLOZ Panagram Bbb-B Clo ETF | 9.00% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSJQ vs. CLOZ - Drawdown Comparison
The maximum BSJQ drawdown since its inception was -24.15%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for BSJQ and CLOZ. For additional features, visit the drawdowns tool.
Volatility
BSJQ vs. CLOZ - Volatility Comparison
Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a higher volatility of 0.80% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.51%. This indicates that BSJQ's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.