BSJS vs. BKHY
Compare and contrast key facts about Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and BNY Mellon High Yield Beta ETF (BKHY).
BSJS and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJS is a passively managed fund by Invesco that tracks the performance of the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. It was launched on Sep 16, 2020. BKHY is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020. Both BSJS and BKHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJS or BKHY.
Key characteristics
| BSJS | BKHY | |
|---|---|---|
| YTD Return | 8.33% | 8.74% |
| 1Y Return | 13.75% | 14.49% |
| 3Y Return (Ann) | 2.01% | 3.09% |
| Sharpe Ratio | 2.92 | 3.36 |
| Sortino Ratio | 4.66 | 5.36 |
| Omega Ratio | 1.55 | 1.67 |
| Calmar Ratio | 1.75 | 2.80 |
| Martin Ratio | 24.51 | 28.17 |
| Ulcer Index | 0.59% | 0.53% |
| Daily Std Dev | 4.92% | 4.46% |
| Max Drawdown | -17.73% | -15.89% |
| Current Drawdown | -0.05% | -0.10% |
Correlation
The correlation between BSJS and BKHY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BSJS vs. BKHY - Performance Comparison
The year-to-date returns for both investments are quite close, with BSJS having a 8.33% return and BKHY slightly higher at 8.74%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSJS vs. BKHY - Expense Ratio Comparison
BSJS has a 0.42% expense ratio, which is higher than BKHY's 0.22% expense ratio.
Risk-Adjusted Performance
BSJS vs. BKHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and BNY Mellon High Yield Beta ETF (BKHY). 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.
Dividends
BSJS vs. BKHY - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.90%, less than BKHY's 6.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.90% | 6.75% | 5.83% | 4.86% | 0.75% |
BKHY BNY Mellon High Yield Beta ETF | 6.97% | 8.67% | 6.59% | 6.78% | 4.65% |
Drawdowns
BSJS vs. BKHY - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BSJS and BKHY. For additional features, visit the drawdowns tool.
Volatility
BSJS vs. BKHY - Volatility Comparison
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) has a higher volatility of 1.56% compared to BNY Mellon High Yield Beta ETF (BKHY) at 0.94%. This indicates that BSJS's price experiences larger fluctuations and is considered to be riskier than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.