BSJR vs. HYZD
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds - BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index while HYZD tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. Both are passively managed. Over the past 5 years, BSJR returned 3.35%/yr vs 6.16%/yr for HYZD. A 0.54 correlation means they provide meaningful diversification when combined. BSJR charges 0.42%/yr vs 0.43%/yr for HYZD.
Performance
BSJR vs. HYZD - Performance Comparison
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Returns By Period
In the year-to-date period, BSJR achieves a 1.34% return, which is significantly lower than HYZD's 2.84% return.
BSJR
- 1D
- 0.18%
- 1M
- 0.47%
- YTD
- 1.34%
- 6M
- 1.63%
- 1Y
- 4.64%
- 3Y*
- 7.71%
- 5Y*
- 3.35%
- 10Y*
- —
HYZD
- 1D
- 0.12%
- 1M
- 0.85%
- YTD
- 2.84%
- 6M
- 3.45%
- 1Y
- 7.59%
- 3Y*
- 8.98%
- 5Y*
- 6.16%
- 10Y*
- 5.55%
BSJR vs. HYZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.34% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.84% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | -0.63% | 2.07% |
Correlation
The correlation between BSJR and HYZD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.54 |
Over the past year, the correlation between BSJR and HYZD has dropped to 0.29 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
BSJR vs. HYZD — Risk / Return Rank
BSJR
HYZD
BSJR vs. HYZD - 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 WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). 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 | HYZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.52 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 3.99 | +0.02 |
| Martin ratioReturn relative to average drawdown | 18.30 | 17.11 | +1.19 |
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Drawdowns
BSJR vs. HYZD - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for BSJR and HYZD.
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Drawdown Indicators
| BSJR | HYZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -25.66% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -1.91% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -5.85% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -8.97% | -7.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.66% | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.20% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.20% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.44% | -0.19% |
Volatility
BSJR vs. HYZD - Volatility Comparison
The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.65%, while WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has a volatility of 1.08%. This indicates that BSJR experiences smaller price fluctuations and is considered to be less risky than HYZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJR | HYZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 1.08% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.42% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 3.04% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 6.70% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 8.56% | +0.78% |
BSJR vs. HYZD - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is lower than HYZD's 0.43% expense ratio.
Dividends
BSJR vs. HYZD - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.74%, less than HYZD's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.74% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.87% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
Frequently Asked Questions
BSJR and HYZD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYZD has higher volatility (1.08%) compared to BSJR (0.65%). In terms of maximum drawdown, BSJR dropped -22.58% vs HYZD's -25.66%.
On 5-year performance, HYZD leads with 6.16% vs 3.35% for BSJR. On fees, BSJR is cheaper at 0.42% per year. On volatility, BSJR has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYZD has performed better with a 6.16% return vs 3.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJR is cheaper with a 0.42% expense ratio, compared with 0.43% for HYZD.
HYZD has the higher dividend yield at 5.87%, compared with 5.74% for BSJR.
BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.42% for BSJR and 0.43% for HYZD.
HYZD currently has the higher Sharpe Ratio (2.52 vs 2.23), 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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