BSJQ vs. SPHY
Compare and contrast key facts about Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and SPDR Portfolio High Yield Bond ETF (SPHY).
BSJQ and SPHY 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both BSJQ and SPHY 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 SPHY.
Performance
BSJQ vs. SPHY - Performance Comparison
Returns By Period
In the year-to-date period, BSJQ achieves a 7.44% return, which is significantly lower than SPHY's 8.59% return.
BSJQ
7.44%
0.55%
4.66%
9.82%
3.87%
N/A
SPHY
8.59%
0.28%
6.16%
13.50%
4.94%
4.63%
Key characteristics
| BSJQ | SPHY | |
|---|---|---|
| Sharpe Ratio | 3.53 | 3.11 |
| Sortino Ratio | 5.73 | 4.89 |
| Omega Ratio | 1.75 | 1.62 |
| Calmar Ratio | 9.22 | 3.73 |
| Martin Ratio | 36.61 | 24.50 |
| Ulcer Index | 0.27% | 0.56% |
| Daily Std Dev | 2.82% | 4.41% |
| Max Drawdown | -24.15% | -21.97% |
| Current Drawdown | -0.17% | -0.38% |
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BSJQ vs. SPHY - Expense Ratio Comparison
BSJQ has a 0.42% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Correlation
The correlation between BSJQ and SPHY is 0.83, 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. SPHY - 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 Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 6.60%, less than SPHY's 7.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.60% | 6.58% | 5.58% | 4.28% | 4.64% | 5.53% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
BSJQ vs. SPHY - Drawdown Comparison
The maximum BSJQ drawdown since its inception was -24.15%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BSJQ and SPHY. For additional features, visit the drawdowns tool.
Volatility
BSJQ vs. SPHY - Volatility Comparison
The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.80%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.03%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.