BSJR vs. BSJP
Compare and contrast key facts about Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP).
BSJR and BSJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJR is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. It was launched on Sep 12, 2019. BSJP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. It was launched on Sep 27, 2017. Both BSJR and BSJP 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: BSJR or BSJP.
Key characteristics
| BSJR | BSJP | |
|---|---|---|
| YTD Return | 7.34% | 7.61% |
| 1Y Return | 12.45% | 10.36% |
| 3Y Return (Ann) | 2.16% | 4.23% |
| 5Y Return (Ann) | 3.55% | 4.62% |
| Sharpe Ratio | 3.22 | 5.05 |
| Sortino Ratio | 5.35 | 9.96 |
| Omega Ratio | 1.66 | 2.30 |
| Calmar Ratio | 2.20 | 23.68 |
| Martin Ratio | 27.21 | 93.87 |
| Ulcer Index | 0.44% | 0.11% |
| Daily Std Dev | 3.73% | 2.04% |
| Max Drawdown | -22.58% | -23.58% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSJR and BSJP is 0.88, 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.
Performance
BSJR vs. BSJP - Performance Comparison
The year-to-date returns for both investments are quite close, with BSJR having a 7.34% return and BSJP slightly higher at 7.61%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSJR vs. BSJP - Expense Ratio Comparison
Both BSJR and BSJP have an expense ratio of 0.42%.
Risk-Adjusted Performance
BSJR vs. BSJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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
BSJR vs. BSJP - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 6.66%, less than BSJP's 6.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 6.66% | 6.49% | 5.38% | 4.50% | 4.53% | 1.20% | 0.00% | 0.00% |
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 6.80% | 7.07% | 5.37% | 4.26% | 4.95% | 5.50% | 5.84% | 1.32% |
Drawdowns
BSJR vs. BSJP - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, roughly equal to the maximum BSJP drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for BSJR and BSJP. For additional features, visit the drawdowns tool.
Volatility
BSJR vs. BSJP - Volatility Comparison
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) has a higher volatility of 0.64% compared to Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) at 0.52%. This indicates that BSJR's price experiences larger fluctuations and is considered to be riskier than BSJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.