BSJR vs. JSI

Last updated Jun 24, 2026

BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and JSI (Janus Henderson Securitized Income 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 JSI is a Short-Term Bond fund actively managed by Janus Henderson. BSJR is passively managed, while JSI is actively managed. Over the past year, BSJR returned 4.51% vs 3.75% for JSI. At a 0.44 correlation, their price movements are largely independent. BSJR charges 0.42%/yr vs 0.50%/yr for JSI.

Performance

BSJR vs. JSI - 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 Janus Henderson Securitized Income ETF (JSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJR achieves a 1.49% return, which is significantly higher than JSI's 0.86% return.

BSJR

• 1D: 0.07%
• 1M: 0.13%
• YTD: 1.49%
• 6M: 1.55%
• 1Y: 4.51%
• 3Y*: 8.11%
• 5Y*: 3.30%
• 10Y*: —

JSI

• 1D: 0.05%
• 1M: 0.23%
• YTD: 0.86%
• 6M: 1.04%
• 1Y: 3.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJR vs. JSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.49%	7.41%	7.15%	4.37%
JSI Janus Henderson Securitized Income ETF	0.86%	6.46%	7.27%	3.29%

Correlation

The correlation between BSJR and JSI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.44

Return for Risk

BSJR vs. JSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSJR

BSJR Risk / Return Rank: 80
BSJR Sharpe Ratio Rank: 73
BSJR Sortino Ratio Rank: 81
BSJR Omega Ratio Rank: 79
BSJR Calmar Ratio Rank: 80
BSJR Martin Ratio Rank: 87

JSI

JSI Risk / Return Rank: 47
JSI Sharpe Ratio Rank: 46
JSI Sortino Ratio Rank: 44
JSI Omega Ratio Rank: 51
JSI Calmar Ratio Rank: 47
JSI Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSJR vs. JSI - 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 Janus Henderson Securitized Income ETF (JSI). 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	JSI	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.55	+0.63
Sortino ratio: Return per unit of downside risk	3.34	2.13	+1.21
Omega ratio: Gain probability vs. loss probability	1.43	1.31	+0.13
Calmar ratio: Return relative to maximum drawdown	3.89	2.24	+1.65
Martin ratio: Return relative to average drawdown	17.76	7.15	+10.60

BSJR vs. JSI - Sharpe Ratio Comparison

The current BSJR Sharpe Ratio is 2.17, which is higher than the JSI Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of BSJR and JSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSJR vs. JSI - Drawdown Comparison

The maximum BSJR drawdown since its inception was -22.58%, which is greater than JSI's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for BSJR and JSI.

Drawdown Indicators

	BSJR	JSI	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	-2.31%	-20.27%
Max Drawdown (1Y) Largest decline over 1 year	-1.16%	-1.68%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-3.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.37%	—	—
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	-3.23%	-0.34%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.53%	-0.28%

Volatility

BSJR vs. JSI - Volatility Comparison

The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.61%, while Janus Henderson Securitized Income ETF (JSI) has a volatility of 0.74%. This indicates that BSJR experiences smaller price fluctuations and is considered to be less risky than JSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJR	JSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	0.74%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	1.51%	1.63%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	2.08%	2.44%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.74%	2.88%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.33%	2.88%	+6.45%

BSJR vs. JSI - Expense Ratio Comparison

BSJR has a 0.42% expense ratio, which is lower than JSI's 0.50% expense ratio.

Dividends

BSJR vs. JSI - Dividend Comparison

BSJR's dividend yield for the trailing twelve months is around 5.66%, less than JSI's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
JSI Janus Henderson Securitized Income ETF	5.81%	5.80%	6.16%	0.84%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJR and JSI in my portfolio?

BSJR and JSI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJR or JSI?

JSI has higher volatility (0.74%) compared to BSJR (0.61%). In terms of maximum drawdown, BSJR dropped -22.58% vs JSI's -2.31%.

Which ETF is better, BSJR or JSI?

On 1-year performance, BSJR leads with 4.51% vs 3.75% for JSI. On fees, BSJR is cheaper at 0.42% 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.

Which ETF has performed better, BSJR or JSI?

Over the 1-year period, BSJR has performed better with a 4.51% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJR or JSI?

BSJR is cheaper with a 0.42% expense ratio, compared with 0.50% for JSI.

Which ETF pays a higher dividend yield, BSJR or JSI?

JSI has the higher dividend yield at 5.81%, compared with 5.66% for BSJR.

What is the main difference between BSJR and JSI?

BSJR is categorized as High Yield Bonds, while JSI is Short-Term Bond. They also come from different issuers: Invesco and Janus Henderson. Their fees differ too: 0.42% for BSJR and 0.50% for JSI.

Which has better risk-adjusted returns?

BSJR currently has the higher Sharpe Ratio (2.17 vs 1.55), 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.