BSJR vs. USHY
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index while USHY tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Over the past 5 years, BSJR returned 3.40%/yr vs 4.29%/yr for USHY. Their correlation of 0.90 suggests significant overlap in exposure. BSJR charges 0.42%/yr vs 0.15%/yr for USHY.
Performance
BSJR vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, BSJR achieves a 1.27% return, which is significantly lower than USHY's 1.64% return.
BSJR
- 1D
- 0.15%
- 1M
- 0.25%
- YTD
- 1.27%
- 6M
- 1.81%
- 1Y
- 4.78%
- 3Y*
- 7.93%
- 5Y*
- 3.40%
- 10Y*
- —
USHY
- 1D
- 0.22%
- 1M
- 0.46%
- YTD
- 1.64%
- 6M
- 1.98%
- 1Y
- 6.99%
- 3Y*
- 9.01%
- 5Y*
- 4.29%
- 10Y*
- —
BSJR vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.27% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.64% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 2.23% |
Correlation
The correlation between BSJR and USHY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.90 |
The correlation between BSJR and USHY has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.
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Return for Risk
BSJR vs. USHY — Risk / Return Rank
BSJR
USHY
BSJR vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
| BSJR | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 2.89 | +1.24 |
| Martin ratioReturn relative to average drawdown | 19.06 | 12.99 | +6.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSJR | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 1.93 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.59 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.15 |
Drawdowns
BSJR vs. USHY - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, roughly equal to the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BSJR and USHY.
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Drawdown Indicators
| BSJR | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -22.44% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -2.43% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -4.66% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -15.56% | -0.81% |
Current DrawdownCurrent decline from peak | -0.11% | -0.06% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -2.66% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.54% | -0.29% |
Volatility
BSJR vs. USHY - Volatility Comparison
The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.59%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.14%. This indicates that BSJR experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJR | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.14% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 2.92% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 3.65% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 7.34% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 8.25% | +1.11% |
BSJR vs. USHY - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
BSJR vs. USHY - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.74%, less than USHY's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.91% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Frequently Asked Questions
BSJR and USHY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USHY has higher volatility (1.14%) compared to BSJR (0.59%). In terms of maximum drawdown, BSJR dropped -22.58% vs USHY's -22.44%.
On 5-year performance, USHY leads with 4.29% vs 3.40% for BSJR. On fees, USHY is cheaper at 0.15% per year. On volatility, BSJR has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USHY has performed better with a 4.29% return vs 3.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJR.
USHY has the higher dividend yield at 6.91%, compared with 5.74% for BSJR.
BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while USHY tracks ICE BofA US High Yield Constrained Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJR and 0.15% for USHY.
BSJR currently has the higher Sharpe Ratio (2.27 vs 1.93), 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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