BSJR vs. NHYB

Last updated Jun 19, 2026

BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. BSJR charges 0.42%/yr vs 0.08%/yr for NHYB.

Performance

BSJR vs. NHYB - 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 Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJR achieves a 1.34% return, which is significantly lower than NHYB's 2.08% return.

BSJR

• 1D: 0.18%
• 1M: 0.47%
• YTD: 1.34%
• 6M: 1.63%
• 1Y: 4.64%
• 3Y*: 7.71%
• 5Y*: 3.35%
• 10Y*: —

NHYB

• 1D: 0.31%
• 1M: 1.35%
• YTD: 2.08%
• 6M: 2.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSJR vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.34%	0.96%
NHYB Nuveen High Yield Corporate Bond ETF	2.08%	1.24%

Correlation

The correlation between BSJR and NHYB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.76

Return for Risk

BSJR vs. NHYB — Risk / Return Rank

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

BSJR

BSJR Risk / Return Rank: 82
BSJR Sharpe Ratio Rank: 75
BSJR Sortino Ratio Rank: 83
BSJR Omega Ratio Rank: 81
BSJR Calmar Ratio Rank: 81
BSJR Martin Ratio Rank: 89

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NHYB - 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 Nuveen High Yield Corporate Bond ETF (NHYB). 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	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.44	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	4.01	—	—
Martin ratio: Return relative to average drawdown	18.30	—	—

Drawdowns

BSJR vs. NHYB - Drawdown Comparison

The maximum BSJR drawdown since its inception was -22.58%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for BSJR and NHYB.

Drawdown Indicators

	BSJR	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	-2.40%	-20.18%
Max Drawdown (1Y) Largest decline over 1 year	-1.16%	—	—
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	-0.04%	-0.03%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.23%	-0.36%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	—	—

Volatility

Volatility by Period

	BSJR	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.09%	3.66%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	3.66%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.34%	3.66%	+5.68%

BSJR vs. NHYB - Expense Ratio Comparison

BSJR has a 0.42% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

BSJR vs. NHYB - Dividend Comparison

BSJR's dividend yield for the trailing twelve months is around 5.74%, more than NHYB's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJR and NHYB in my portfolio?

BSJR and NHYB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSJR or NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSJR or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.42% for BSJR.

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

BSJR has the higher dividend yield at 5.74%, compared with 4.24% for NHYB.

What is the main difference between BSJR and NHYB?

BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Invesco and Nuveen. Their fees differ too: 0.42% for BSJR and 0.08% for NHYB.