BSJQ vs. VSHY

Last updated Jun 4, 2026

BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) and VSHY (Virtus Newfleet Short Duration High Yield Bond ETF) are both High Yield Bonds funds. BSJQ is passively managed, while VSHY is actively managed. Over the past year, BSJQ returned 4.62% vs 6.40% for VSHY. A 0.62 correlation means they provide meaningful diversification when combined. BSJQ charges 0.42%/yr vs 0.40%/yr for VSHY.

Performance

BSJQ vs. VSHY - 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 Virtus Newfleet Short Duration High Yield Bond ETF (VSHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJQ achieves a 0.85% return, which is significantly lower than VSHY's 1.75% return.

BSJQ

• 1D: 0.00%
• 1M: -0.28%
• YTD: 0.85%
• 6M: 1.28%
• 1Y: 4.62%
• 3Y*: 6.94%
• 5Y*: 3.74%
• 10Y*: —

VSHY

• 1D: -0.19%
• 1M: 0.37%
• YTD: 1.75%
• 6M: 1.74%
• 1Y: 6.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJQ vs. VSHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF	0.85%	6.59%	7.49%	1.74%
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	1.75%	6.87%	8.03%	3.76%

Correlation

The correlation between BSJQ and VSHY is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.62

The correlation between BSJQ and VSHY has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

Return for Risk

BSJQ vs. VSHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSJQ

BSJQ Risk / Return Rank: 95
BSJQ Sharpe Ratio Rank: 92
BSJQ Sortino Ratio Rank: 95
BSJQ Omega Ratio Rank: 95
BSJQ Calmar Ratio Rank: 95
BSJQ Martin Ratio Rank: 97

VSHY

VSHY Risk / Return Rank: 65
VSHY Sharpe Ratio Rank: 56
VSHY Sortino Ratio Rank: 61
VSHY Omega Ratio Rank: 60
VSHY Calmar Ratio Rank: 74
VSHY Martin Ratio Rank: 73

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. VSHY - 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 Virtus Newfleet Short Duration High Yield Bond ETF (VSHY). 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.

	BSJQ	VSHY	Difference
Sharpe ratio: Return per unit of total volatility	3.35	1.89	+1.46
Sortino ratio: Return per unit of downside risk	5.25	2.84	+2.40
Omega ratio: Gain probability vs. loss probability	1.76	1.36	+0.40
Calmar ratio: Return relative to maximum drawdown	8.57	3.70	+4.86
Martin ratio: Return relative to average drawdown	41.55	13.84	+27.71
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. VSHY - Sharpe Ratio Comparison

The current BSJQ Sharpe Ratio is 3.35, which is higher than the VSHY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of BSJQ and VSHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSJQ	VSHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	1.89	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.88	-1.34

Drawdowns

BSJQ vs. VSHY - Drawdown Comparison

The maximum BSJQ drawdown since its inception was -24.13%, which is greater than VSHY's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for BSJQ and VSHY.

Drawdown Indicators

	BSJQ	VSHY	Difference
Max Drawdown Largest peak-to-trough decline	-24.13%	-4.55%	-19.58%
Max Drawdown (1Y) Largest decline over 1 year	-0.54%	-1.73%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-2.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.95%	—	—
Current Drawdown Current decline from peak	-0.43%	-0.33%	-0.10%
Average Drawdown Average peak-to-trough decline	-2.17%	-0.42%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	0.46%	-0.35%

Volatility

BSJQ vs. VSHY - Volatility Comparison

The current volatility for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) is 0.54%, while Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) has a volatility of 1.32%. This indicates that BSJQ experiences smaller price fluctuations and is considered to be less risky than VSHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJQ	VSHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	1.32%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	0.98%	2.65%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	1.38%	3.40%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	4.40%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.45%	4.40%	+4.05%

BSJQ vs. VSHY - Expense Ratio Comparison

BSJQ has a 0.42% expense ratio, which is higher than VSHY's 0.40% expense ratio.

Dividends

BSJQ vs. VSHY - Dividend Comparison

BSJQ's dividend yield for the trailing twelve months is around 5.83%, less than VSHY's 6.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	6.41%	6.14%	6.81%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJQ and VSHY in my portfolio?

BSJQ and VSHY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJQ or VSHY?

VSHY has higher volatility (1.32%) compared to BSJQ (0.54%). In terms of maximum drawdown, BSJQ dropped -24.13% vs VSHY's -4.55%.

Which ETF is better, BSJQ or VSHY?

On 1-year performance, VSHY leads with 6.40% vs 4.62% for BSJQ. On fees, VSHY is cheaper at 0.40% per year. On volatility, BSJQ has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJQ or VSHY?

Over the 1-year period, VSHY has performed better with a 6.40% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJQ or VSHY?

VSHY is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJQ.

Which ETF pays a higher dividend yield, BSJQ or VSHY?

VSHY has the higher dividend yield at 6.41%, compared with 5.83% for BSJQ.

What is the main difference between BSJQ and VSHY?

They also come from different issuers: Invesco and Virtus. Their fees differ too: 0.42% for BSJQ and 0.40% for VSHY.

Which has better risk-adjusted returns?

BSJQ currently has the higher Sharpe Ratio (3.35 vs 1.89), 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.