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BSJR vs. CLOZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0-0.0

Performance

BSJR vs. CLOZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Panagram Bbb-B Clo ETF (CLOZ). The values are adjusted to include any dividend payments, if applicable.

10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
16.16%
28.25%
BSJR
CLOZ

Key characteristics

Sharpe Ratio

BSJR:

2.14

CLOZ:

5.84

Sortino Ratio

BSJR:

3.17

CLOZ:

8.00

Omega Ratio

BSJR:

1.40

CLOZ:

3.03

Calmar Ratio

BSJR:

3.84

CLOZ:

8.27

Martin Ratio

BSJR:

16.13

CLOZ:

52.13

Ulcer Index

BSJR:

0.46%

CLOZ:

0.22%

Daily Std Dev

BSJR:

3.46%

CLOZ:

1.97%

Max Drawdown

BSJR:

-22.58%

CLOZ:

-2.70%

Current Drawdown

BSJR:

-0.66%

CLOZ:

0.00%

Returns By Period

In the year-to-date period, BSJR achieves a 7.17% return, which is significantly lower than CLOZ's 11.60% return.


BSJR

YTD

7.17%

1M

-0.04%

6M

4.80%

1Y

6.95%

5Y*

3.11%

10Y*

N/A

CLOZ

YTD

11.60%

1M

0.95%

6M

5.13%

1Y

12.11%

5Y*

N/A

10Y*

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.


CLOZ
Panagram Bbb-B Clo ETF
Expense ratio chart for CLOZ: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for BSJR: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for BSJR, currently valued at 2.14, compared to the broader market0.002.004.002.145.84
The chart of Sortino ratio for BSJR, currently valued at 3.17, compared to the broader market-2.000.002.004.006.008.0010.003.178.00
The chart of Omega ratio for BSJR, currently valued at 1.40, compared to the broader market0.501.001.502.002.503.001.403.03
The chart of Calmar ratio for BSJR, currently valued at 3.84, compared to the broader market0.005.0010.0015.003.848.27
The chart of Martin ratio for BSJR, currently valued at 16.13, compared to the broader market0.0020.0040.0060.0080.00100.0016.1352.13
BSJR
CLOZ

The current BSJR Sharpe Ratio is 2.14, which is lower than the CLOZ Sharpe Ratio of 5.84. The chart below compares the historical Sharpe Ratios of BSJR and CLOZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.003.004.005.006.007.00JulyAugustSeptemberOctoberNovemberDecember
2.14
5.84
BSJR
CLOZ

Dividends

BSJR vs. CLOZ - Dividend Comparison

BSJR's dividend yield for the trailing twelve months is around 6.15%, less than CLOZ's 8.75% yield.


TTM20232022202120202019
BSJR
Invesco BulletShares 2027 High Yield Corporate Bond ETF
6.15%6.49%5.38%4.50%4.53%1.20%
CLOZ
Panagram Bbb-B Clo ETF
8.75%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.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.66%
0
BSJR
CLOZ

Volatility

BSJR vs. CLOZ - Volatility Comparison

Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) has a higher volatility of 1.24% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.21%. 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.


0.20%0.40%0.60%0.80%1.00%1.20%JulyAugustSeptemberOctoberNovemberDecember
1.24%
0.21%
BSJR
CLOZ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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