BSJS vs. BSJO
Compare and contrast key facts about Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
BSJS and BSJO 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. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016. Both BSJS and BSJO 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 BSJO.
Key characteristics
| BSJS | BSJO | |
|---|---|---|
| YTD Return | 8.38% | 4.88% |
| 1Y Return | 14.46% | 6.97% |
| 3Y Return (Ann) | 1.80% | 2.13% |
| Sharpe Ratio | 2.83 | 5.57 |
| Sortino Ratio | 4.51 | 11.45 |
| Omega Ratio | 1.53 | 2.72 |
| Calmar Ratio | 1.67 | 8.43 |
| Martin Ratio | 23.85 | 111.26 |
| Ulcer Index | 0.59% | 0.06% |
| Daily Std Dev | 4.96% | 1.25% |
| Max Drawdown | -17.73% | -21.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSJS and BSJO is 0.76, 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. BSJO - Performance Comparison
In the year-to-date period, BSJS achieves a 8.38% return, which is significantly higher than BSJO's 4.88% return. 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. BSJO - Expense Ratio Comparison
Both BSJS and BSJO have an expense ratio of 0.42%.
Risk-Adjusted Performance
BSJS vs. BSJO - 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 Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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. BSJO - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.89%, more than BSJO's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.89% | 6.75% | 5.83% | 4.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.90% | 6.05% | 4.89% | 4.06% | 4.51% | 5.10% | 5.68% | 4.87% | 1.39% |
Drawdowns
BSJS vs. BSJO - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for BSJS and BSJO. For additional features, visit the drawdowns tool.
Volatility
BSJS vs. BSJO - Volatility Comparison
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) has a higher volatility of 1.56% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.13%. This indicates that BSJS's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.