BSJR vs. CLOZ
Compare and contrast key facts about Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Panagram Bbb-B Clo ETF (CLOZ).
BSJR and CLOZ 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. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJR or CLOZ.
Correlation
The correlation between BSJR and CLOZ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BSJR vs. CLOZ - Performance Comparison
Key characteristics
BSJR:
2.40
CLOZ:
6.66
BSJR:
3.56
CLOZ:
9.35
BSJR:
1.45
CLOZ:
3.51
BSJR:
4.21
CLOZ:
8.30
BSJR:
18.89
CLOZ:
52.99
BSJR:
0.43%
CLOZ:
0.22%
BSJR:
3.39%
CLOZ:
1.73%
BSJR:
-22.58%
CLOZ:
-2.70%
BSJR:
-0.40%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, BSJR achieves a 0.67% return, which is significantly higher than CLOZ's 0.59% return.
BSJR
0.67%
0.65%
3.93%
7.92%
3.12%
N/A
CLOZ
0.59%
0.81%
5.13%
11.33%
N/A
N/A
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BSJR vs. CLOZ - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
BSJR vs. CLOZ — Risk-Adjusted Performance Rank
BSJR
CLOZ
BSJR vs. CLOZ - 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 Panagram Bbb-B Clo ETF (CLOZ). 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. CLOZ - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 6.18%, less than CLOZ's 9.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 6.18% | 6.75% | 6.49% | 5.38% | 4.50% | 4.53% | 1.20% |
CLOZ Panagram Bbb-B Clo ETF | 9.04% | 9.09% | 8.81% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSJR vs. CLOZ - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, which is greater than CLOZ's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for BSJR and CLOZ. For additional features, visit the drawdowns tool.
Volatility
BSJR vs. CLOZ - Volatility Comparison
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) has a higher volatility of 1.40% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.19%. This indicates that BSJR's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.