BSJR vs. EIFAX
Compare and contrast key facts about Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Eaton Vance Floating-Rate Advantage Fund (EIFAX).
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. EIFAX is managed by Eaton Vance. It was launched on Mar 16, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJR or EIFAX.
Key characteristics
| BSJR | EIFAX | |
|---|---|---|
| YTD Return | 7.22% | 7.43% |
| 1Y Return | 11.91% | 11.07% |
| 3Y Return (Ann) | 2.16% | 6.21% |
| 5Y Return (Ann) | 3.53% | 5.65% |
| Sharpe Ratio | 3.21 | 3.69 |
| Sortino Ratio | 5.32 | 10.79 |
| Omega Ratio | 1.65 | 3.20 |
| Calmar Ratio | 2.19 | 13.85 |
| Martin Ratio | 27.02 | 62.31 |
| Ulcer Index | 0.44% | 0.18% |
| Daily Std Dev | 3.73% | 3.00% |
| Max Drawdown | -22.58% | -38.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSJR and EIFAX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSJR vs. EIFAX - Performance Comparison
The year-to-date returns for both investments are quite close, with BSJR having a 7.22% return and EIFAX slightly higher at 7.43%. 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. EIFAX - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is lower than EIFAX's 0.47% expense ratio.
Risk-Adjusted Performance
BSJR vs. EIFAX - 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 Eaton Vance Floating-Rate Advantage Fund (EIFAX). 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. EIFAX - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 6.67%, less than EIFAX's 9.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 6.67% | 6.49% | 5.38% | 4.50% | 4.53% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIFAX Eaton Vance Floating-Rate Advantage Fund | 9.47% | 9.33% | 5.92% | 4.03% | 4.52% | 5.58% | 5.10% | 4.46% | 5.03% | 5.29% | 4.79% | 4.82% |
Drawdowns
BSJR vs. EIFAX - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, smaller than the maximum EIFAX drawdown of -38.15%. Use the drawdown chart below to compare losses from any high point for BSJR and EIFAX. For additional features, visit the drawdowns tool.
Volatility
BSJR vs. EIFAX - Volatility Comparison
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Eaton Vance Floating-Rate Advantage Fund (EIFAX) have volatilities of 0.64% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.