BSJR vs. FBND
Compare and contrast key facts about Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) and Fidelity Total Bond ETF (FBND).
BSJR and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJR or FBND.
Key characteristics
| BSJR | FBND | |
|---|---|---|
| YTD Return | 6.85% | 2.92% |
| 1Y Return | 11.42% | 9.89% |
| 3Y Return (Ann) | 2.01% | -1.48% |
| 5Y Return (Ann) | 3.46% | 1.19% |
| Sharpe Ratio | 2.99 | 1.55 |
| Sortino Ratio | 4.95 | 2.27 |
| Omega Ratio | 1.60 | 1.28 |
| Calmar Ratio | 2.04 | 0.69 |
| Martin Ratio | 25.19 | 6.59 |
| Ulcer Index | 0.44% | 1.41% |
| Daily Std Dev | 3.74% | 5.99% |
| Max Drawdown | -22.58% | -17.25% |
| Current Drawdown | 0.00% | -4.80% |
Correlation
The correlation between BSJR and FBND is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSJR vs. FBND - Performance Comparison
In the year-to-date period, BSJR achieves a 6.85% return, which is significantly higher than FBND's 2.92% return. 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. FBND - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
BSJR vs. FBND - 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 Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 6.69%, more than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 6.69% | 6.49% | 5.38% | 4.50% | 4.53% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
BSJR vs. FBND - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BSJR and FBND. For additional features, visit the drawdowns tool.
Volatility
BSJR vs. FBND - Volatility Comparison
The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.63%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.15%. This indicates that BSJR experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.