BSJQ vs. SJNK
Compare and contrast key facts about Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK).
BSJQ and SJNK 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. SJNK is a passively managed fund by State Street that tracks the performance of the Bloomberg US High Yield 350mn Cash Pay 2% Capped (0-5 Y). It was launched on Mar 15, 2012. Both BSJQ and SJNK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJQ or SJNK.
Performance
BSJQ vs. SJNK - Performance Comparison
Returns By Period
In the year-to-date period, BSJQ achieves a 7.35% return, which is significantly lower than SJNK's 8.11% return.
BSJQ
7.35%
0.71%
5.05%
9.65%
3.80%
N/A
SJNK
8.11%
0.73%
6.38%
11.55%
5.28%
4.39%
Key characteristics
| BSJQ | SJNK | |
|---|---|---|
| Sharpe Ratio | 3.47 | 3.21 |
| Sortino Ratio | 5.63 | 5.05 |
| Omega Ratio | 1.73 | 1.65 |
| Calmar Ratio | 9.06 | 7.01 |
| Martin Ratio | 35.84 | 27.69 |
| Ulcer Index | 0.27% | 0.42% |
| Daily Std Dev | 2.82% | 3.65% |
| Max Drawdown | -24.15% | -19.74% |
| Current Drawdown | -0.25% | -0.39% |
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BSJQ vs. SJNK - Expense Ratio Comparison
BSJQ has a 0.42% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Correlation
The correlation between BSJQ and SJNK is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BSJQ vs. SJNK - 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 SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK). 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. SJNK - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 6.61%, less than SJNK's 7.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.61% | 6.58% | 5.58% | 4.28% | 4.64% | 5.53% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.29% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% | 5.46% | 5.34% |
Drawdowns
BSJQ vs. SJNK - Drawdown Comparison
The maximum BSJQ drawdown since its inception was -24.15%, which is greater than SJNK's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for BSJQ and SJNK. For additional features, visit the drawdowns tool.
Volatility
BSJQ vs. SJNK - Volatility Comparison
The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.73%, while SPDR Bloomberg Barclays Short Term High Yield Bond ETF (SJNK) has a volatility of 0.82%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.