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.
Correlation
The correlation between BSJQ and CLOZ is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSJQ vs. CLOZ - Performance Comparison
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Key characteristics
BSJQ:
2.14
CLOZ:
1.67
BSJQ:
2.96
CLOZ:
2.27
BSJQ:
1.50
CLOZ:
1.61
BSJQ:
2.88
CLOZ:
1.55
BSJQ:
18.31
CLOZ:
7.32
BSJQ:
0.42%
CLOZ:
1.13%
BSJQ:
3.69%
CLOZ:
4.83%
BSJQ:
-24.15%
CLOZ:
-5.33%
BSJQ:
0.00%
CLOZ:
-0.21%
Returns By Period
In the year-to-date period, BSJQ achieves a 2.67% return, which is significantly higher than CLOZ's 1.27% return.
BSJQ
2.67%
2.72%
2.89%
7.83%
6.39%
N/A
CLOZ
1.27%
4.22%
2.72%
8.04%
N/A
N/A
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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.
Risk-Adjusted Performance
BSJQ vs. CLOZ — Risk-Adjusted Performance Rank
BSJQ
CLOZ
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.
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Dividends
BSJQ vs. CLOZ - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 6.47%, less than CLOZ's 8.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.47% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 5.53% | 2.39% |
CLOZ Panagram Bbb-B Clo ETF | 8.60% | 9.09% | 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 -5.33%. Use the drawdown chart below to compare losses from any high point for BSJQ and CLOZ. For additional features, visit the drawdowns tool.
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Volatility
BSJQ vs. CLOZ - Volatility Comparison
The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.96%, while Panagram Bbb-B Clo ETF (CLOZ) has a volatility of 2.21%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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