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BSJQ vs. HYGH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BSJQ vs. HYGH

Last updated Jun 5, 2026

BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both High Yield Bonds funds. BSJQ is passively managed, while HYGH is actively managed. Over the past 5 years, BSJQ returned 3.75%/yr vs 6.97%/yr for HYGH. A 0.75 correlation means they provide meaningful diversification when combined. BSJQ charges 0.42%/yr vs 0.53%/yr for HYGH.

Performance

BSJQ vs. HYGH - 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 iShares Interest Rate Hedged High Yield Bond ETF (HYGH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BSJQ achieves a 0.89% return, which is significantly lower than HYGH's 2.94% return.

BSJQ

1D
0.04%
1M
-0.26%
YTD
0.89%
6M
1.20%
1Y
4.61%
3Y*
7.03%
5Y*
3.75%
10Y*
—

HYGH

1D
0.10%
1M
0.66%
YTD
2.94%
6M
3.59%
1Y
7.78%
3Y*
9.83%
5Y*
6.97%
10Y*
6.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJQ vs. HYGH - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF		0.89%6.59%7.49%9.83%-7.35%4.53%2.80%16.74%-4.08%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF		2.94%6.94%11.22%12.17%-0.92%5.82%0.54%11.09%-4.78%

Correlation

The correlation between BSJQ and HYGH is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Aug 10, 2018

0.75

Over the past year, the correlation between BSJQ and HYGH has dropped to 0.50 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

BSJQ vs. HYGH - Sectors Allocation Comparison

Sectors
BSJQ
HYGH

Financial Services

39.0%

-

Consumer Cyclical

7.0%

-

Technology

5.0%

-

Real Estate

3.6%
0.4%

Industrials

2.1%

-

Communication Services

1.8%

-

Energy

1.6%

-

Basic Materials

-

-

Consumer Defensive

-

-

Healthcare

-

-

Utilities

-

99.6%

Financial Services

BSJQ
39.0%
HYGH

-

Consumer Cyclical

BSJQ
7.0%
HYGH

-

Technology

BSJQ
5.0%
HYGH

-

Real Estate

BSJQ
3.6%
HYGH
0.4%

Industrials

BSJQ
2.1%
HYGH

-

Communication Services

BSJQ
1.8%
HYGH

-

Energy

BSJQ
1.6%
HYGH

-

Basic Materials

BSJQ

-

HYGH

-

Consumer Defensive

BSJQ

-

HYGH

-

Healthcare

BSJQ

-

HYGH

-

Utilities

BSJQ

-

HYGH
99.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco BulletShares 2026 High Yield Corp Bond ETF

iShares Interest Rate Hedged High Yield Bond ETF

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Return for Risk

BSJQ vs. HYGH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BSJQ
BSJQ Risk / Return Rank: 9595
Overall Rank
BSJQ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
BSJQ Sortino Ratio Rank: 9595
Sortino Ratio Rank
BSJQ Omega Ratio Rank: 9696
Omega Ratio Rank
BSJQ Calmar Ratio Rank: 9595
Calmar Ratio Rank
BSJQ Martin Ratio Rank: 9797
Martin Ratio Rank
HYGH
HYGH Risk / Return Rank: 7676
Overall Rank
HYGH Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
HYGH Sortino Ratio Rank: 7373
Sortino Ratio Rank
HYGH Omega Ratio Rank: 6969
Omega Ratio Rank
HYGH Calmar Ratio Rank: 8686
Calmar Ratio Rank
HYGH Martin Ratio Rank: 8787
Martin Ratio Rank
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. HYGH - 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 iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.

BSJQHYGHDifference
Sharpe ratioReturn per unit of total volatility
3.34
2.14

+1.20

Sortino ratioReturn per unit of downside risk
5.24
3.26

+1.98

Omega ratioGain probability vs. loss probability

1.76

1.40

+0.36

Calmar ratioReturn relative to maximum drawdown

8.55

4.82

+3.72

Martin ratioReturn relative to average drawdown

40.68

18.86

+21.82

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. HYGH - Sharpe Ratio Comparison

The current BSJQ Sharpe Ratio is 3.34, which is higher than the HYGH Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of BSJQ and HYGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BSJQHYGHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.34

2.14

+1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.99

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.56

-0.02

Drawdowns

BSJQ vs. HYGH - Drawdown Comparison

The maximum BSJQ drawdown since its inception was -24.13%, roughly equal to the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for BSJQ and HYGH.

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Drawdown Indicators

BSJQHYGHDifference

Max Drawdown

Largest peak-to-trough decline

-24.13%

-23.88%

-0.25%

Max Drawdown (1Y)

Largest decline over 1 year

-0.54%

-1.62%

+1.08%

Max Drawdown (3Y)

Largest decline over 3 years

-2.66%

-8.06%

+5.40%

Max Drawdown (5Y)

Largest decline over 5 years

-11.95%

-8.24%

-3.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.88%

—

Current Drawdown

Current decline from peak

-0.39%

-0.13%

-0.26%

Average Drawdown

Average peak-to-trough decline

-2.17%

-2.23%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.11%

0.41%

-0.30%

Volatility

BSJQ vs. HYGH - Volatility Comparison

The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.54%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 0.61%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BSJQHYGHDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.54%

0.61%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

0.98%

2.84%

-1.86%

Volatility (1Y)

Calculated over the trailing 1-year period

1.38%

3.65%

-2.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

7.07%

-1.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.44%

8.35%

+0.09%

BSJQ vs. HYGH - Expense Ratio Comparison

BSJQ has a 0.42% expense ratio, which is lower than HYGH's 0.53% expense ratio.

Dividends

BSJQ vs. HYGH - Dividend Comparison

BSJQ's dividend yield for the trailing twelve months is around 5.83%, less than HYGH's 6.62% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF		6.62%6.86%7.85%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.60%5.75%

Frequently Asked Questions

BSJQ and HYGH have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYGH has higher volatility (0.61%) compared to BSJQ (0.54%). In terms of maximum drawdown, BSJQ dropped -24.13% vs HYGH's -23.88%.

On 5-year performance, HYGH leads with 6.97% vs 3.75% for BSJQ. On fees, BSJQ is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HYGH has performed better with a 6.97% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BSJQ is cheaper with a 0.42% expense ratio, compared with 0.53% for HYGH.

HYGH has the higher dividend yield at 6.62%, compared with 5.83% for BSJQ.

They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJQ and 0.53% for HYGH.

BSJQ currently has the higher Sharpe Ratio (3.34 vs 2.14), 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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