BSJR vs. VGHY
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. BSJR is passively managed, while VGHY is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. BSJR charges 0.42%/yr vs 0.22%/yr for VGHY.
Performance
BSJR vs. VGHY - 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 VGHY's 1.44% return.
BSJR
- 1D
- 0.15%
- 1M
- 0.25%
- YTD
- 1.27%
- 6M
- 1.81%
- 1Y
- 4.78%
- 3Y*
- 7.93%
- 5Y*
- 3.40%
- 10Y*
- —
VGHY
- 1D
- 0.06%
- 1M
- 0.32%
- YTD
- 1.44%
- 6M
- 2.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSJR vs. VGHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.27% | 1.09% |
VGHY Vanguard High-Yield Active ETF | 1.44% | 1.80% |
Correlation
The correlation between BSJR and VGHY is 0.69, 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 18, 2025 | 0.69 |
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Return for Risk
BSJR vs. VGHY — Risk / Return Rank
BSJR
VGHY
BSJR vs. VGHY - 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 Vanguard High-Yield Active ETF (VGHY). 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 | VGHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | — | — |
| Martin ratioReturn relative to average drawdown | 19.06 | — | — |
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 | VGHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.08 | -0.65 |
Drawdowns
BSJR vs. VGHY - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, which is greater than VGHY's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for BSJR and VGHY.
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Drawdown Indicators
| BSJR | VGHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -2.66% | -19.92% |
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 DrawdownCurrent decline from peak | -0.11% | -0.24% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -0.45% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | — | — |
Volatility
BSJR vs. VGHY - Volatility Comparison
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Volatility by Period
| BSJR | VGHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 4.28% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 4.28% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 4.28% | +5.08% |
BSJR vs. VGHY - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is higher than VGHY's 0.22% expense ratio.
Dividends
BSJR vs. VGHY - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.74%, more than VGHY's 3.98% 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% |
VGHY Vanguard High-Yield Active ETF | 3.98% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSJR and VGHY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGHY is cheaper with a 0.22% expense ratio, compared with 0.42% for BSJR.
BSJR has the higher dividend yield at 5.74%, compared with 3.98% for VGHY.
They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.42% for BSJR and 0.22% for VGHY.
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