BSJR vs. USO
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - BSJR is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 5 years, BSJR returned 3.40%/yr vs 23.67%/yr for USO. At a 0.14 correlation, their price movements are largely independent. BSJR charges 0.42%/yr vs 0.86%/yr for USO.
Performance
BSJR vs. USO - 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 USO's 97.72% return.
BSJR
- 1D
- 0.15%
- 1M
- 0.25%
- YTD
- 1.27%
- 6M
- 1.81%
- 1Y
- 4.78%
- 3Y*
- 7.93%
- 5Y*
- 3.40%
- 10Y*
- —
USO
- 1D
- -2.92%
- 1M
- -5.15%
- YTD
- 97.72%
- 6M
- 91.54%
- 1Y
- 97.20%
- 3Y*
- 28.78%
- 5Y*
- 23.67%
- 10Y*
- 3.57%
BSJR vs. USO - 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% |
USO United States Oil Fund LP | 97.72% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 11.68% |
Correlation
The correlation between BSJR and USO is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.14 |
The correlation between BSJR and USO shifts across timeframes, from -0.31 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSJR vs. USO — Risk / Return Rank
BSJR
USO
BSJR vs. USO - 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 United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 4.79 | -0.66 |
| Martin ratioReturn relative to average drawdown | 19.06 | 9.00 | +10.06 |
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 | USO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.21 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.66 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.18 | +0.61 |
Drawdowns
BSJR vs. USO - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for BSJR and USO.
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Drawdown Indicators
| BSJR | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -98.19% | +75.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -20.39% | +19.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -26.05% | +22.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -36.23% | +19.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -0.11% | -85.45% | +85.34% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -75.30% | +72.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 10.84% | -10.59% |
Volatility
BSJR vs. USO - Volatility Comparison
The current volatility for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is 0.59%, while United States Oil Fund LP (USO) has a volatility of 14.97%. This indicates that BSJR experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJR | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 14.97% | -14.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 38.35% | -36.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 44.32% | -42.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 36.09% | -29.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 39.00% | -29.64% |
BSJR vs. USO - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
BSJR vs. USO - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.74%, while USO has not paid dividends to shareholders.
| 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% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSJR and USO have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (14.97%) compared to BSJR (0.59%). In terms of maximum drawdown, BSJR dropped -22.58% vs USO's -98.19%.
On 5-year performance, USO leads with 23.67% vs 3.40% for BSJR. On fees, BSJR is cheaper at 0.42% 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, USO has performed better with a 23.67% return vs 3.40%. 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 0.86% for USO.
BSJR has the higher dividend yield at 5.74%, compared with 0.00% for USO.
BSJR is categorized as High Yield Bonds, while USO is Oil & Gas. BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Invesco and USCF. Their fees differ too: 0.42% for BSJR and 0.86% for USO.
BSJR currently has the higher Sharpe Ratio (2.27 vs 2.21), 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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