BSJR vs. FBND
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - BSJR is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. BSJR is passively managed, while FBND is actively managed. Over the past 5 years, BSJR returned 3.30%/yr vs 0.79%/yr for FBND. At a 0.45 correlation, their price movements are largely independent. BSJR charges 0.42%/yr vs 0.36%/yr for FBND.
Performance
BSJR vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, BSJR achieves a 1.49% return, which is significantly higher than FBND's 0.72% return.
BSJR
- 1D
- 0.07%
- 1M
- 0.13%
- YTD
- 1.49%
- 6M
- 1.55%
- 1Y
- 4.51%
- 3Y*
- 8.11%
- 5Y*
- 3.30%
- 10Y*
- —
FBND
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 0.72%
- 6M
- 0.80%
- 1Y
- 4.71%
- 3Y*
- 4.73%
- 5Y*
- 0.79%
- 10Y*
- 2.54%
BSJR vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.49% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
FBND Fidelity Total Bond ETF | 0.72% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 1.33% |
Correlation
The correlation between BSJR and FBND is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.45 |
The correlation between BSJR and FBND shifts across timeframes, from 0.45 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSJR vs. FBND — Risk / Return Rank
BSJR
FBND
BSJR vs. FBND - 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 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.
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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 1.77 | +2.12 |
| Martin ratioReturn relative to average drawdown | 17.76 | 5.07 | +12.68 |
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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.
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Drawdown Indicators
| BSJR | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -17.25% | -5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -2.66% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -5.94% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -17.25% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.21% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -3.34% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.93% | -0.68% |
Volatility
BSJR vs. FBND - Volatility Comparison
The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.61%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.13%. 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.
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Volatility by Period
| BSJR | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.13% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.84% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 3.83% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 5.93% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 6.10% | +3.23% |
BSJR vs. FBND - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
BSJR vs. FBND - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.66%, more than FBND's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.66% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.69% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
BSJR and FBND have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBND has higher volatility (1.13%) compared to BSJR (0.61%). In terms of maximum drawdown, BSJR dropped -22.58% vs FBND's -17.25%.
On 5-year performance, BSJR leads with 3.30% vs 0.79% for FBND. On fees, FBND is cheaper at 0.36% per year. On volatility, BSJR has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSJR has performed better with a 3.30% return vs 0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND is cheaper with a 0.36% expense ratio, compared with 0.42% for BSJR.
BSJR has the higher dividend yield at 5.66%, compared with 4.69% for FBND.
BSJR is categorized as High Yield Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.42% for BSJR and 0.36% for FBND.
BSJR currently has the higher Sharpe Ratio (2.17 vs 1.24), 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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