BSJR vs. BSJT
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) are both High Yield Bonds funds from Invesco - BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index while BSJT tracks the Invesco BulletShares High Yield Corporate Bond 2029 Index. Both are passively managed. Over the past 3 years, BSJR returned 8.02%/yr vs 8.79%/yr for BSJT. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.42% expense ratio.
Performance
BSJR vs. BSJT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BSJR having a 1.46% return and BSJT slightly lower at 1.45%.
BSJR
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.46%
- 6M
- 1.49%
- 1Y
- 4.44%
- 3Y*
- 8.02%
- 5Y*
- 3.28%
- 10Y*
- —
BSJT
- 1D
- 0.09%
- 1M
- 0.33%
- YTD
- 1.45%
- 6M
- 1.26%
- 1Y
- 5.48%
- 3Y*
- 8.79%
- 5Y*
- —
- 10Y*
- —
BSJR vs. BSJT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.46% | 7.41% | 7.15% | 11.91% | -11.35% | 0.43% |
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 1.45% | 7.63% | 8.01% | 13.59% | -14.85% | -0.44% |
Correlation
The correlation between BSJR and BSJT is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.82 |
The correlation between BSJR and BSJT has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
BSJR vs. BSJT — Risk / Return Rank
BSJR
BSJT
BSJR vs. BSJT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSJR | BSJT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.27 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.23 | +1.60 |
| Martin ratioReturn relative to average drawdown | 17.49 | 9.51 | +7.98 |
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Drawdowns
BSJR vs. BSJT - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, which is greater than BSJT's maximum drawdown of -19.62%. Use the drawdown chart below to compare losses from any high point for BSJR and BSJT.
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Drawdown Indicators
| BSJR | BSJT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -19.62% | -2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -2.47% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -5.59% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.17% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -5.38% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.58% | -0.33% |
Volatility
BSJR vs. BSJT - Volatility Comparison
The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.57%, while Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) has a volatility of 0.84%. This indicates that BSJR experiences smaller price fluctuations and is considered to be less risky than BSJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJR | BSJT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.84% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.66% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 3.65% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 8.16% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 8.16% | +1.17% |
BSJR vs. BSJT - Expense Ratio Comparison
Both BSJR and BSJT have an expense ratio of 0.42%.
Dividends
BSJR vs. BSJT - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.67%, less than BSJT's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.67% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% |
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.69% | 6.77% | 6.65% | 6.42% | 5.45% | 1.20% | 0.00% | 0.00% |
Frequently Asked Questions
BSJR and BSJT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJT has higher volatility (0.84%) compared to BSJR (0.57%). In terms of maximum drawdown, BSJR dropped -22.58% vs BSJT's -19.62%.
On 3-year performance, BSJT leads with 8.79% vs 8.02% for BSJR. Both ETFs have the same 0.42% expense ratio. On volatility, BSJR has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSJT has performed better with a 8.79% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJR and BSJT have the same expense ratio: 0.42% per year.
BSJT has the higher dividend yield at 6.69%, compared with 5.67% for BSJR.
BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index.
BSJR currently has the higher Sharpe Ratio (2.15 vs 1.51), 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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