BSJS vs. BSJR
BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds from Invesco - BSJS tracks the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, BSJS returned 3.13%/yr vs 3.30%/yr for BSJR. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.42% expense ratio.
Performance
BSJS vs. BSJR - Performance Comparison
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Returns By Period
In the year-to-date period, BSJS achieves a 1.81% return, which is significantly higher than BSJR's 1.49% return.
BSJS
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.81%
- 6M
- 1.90%
- 1Y
- 5.59%
- 3Y*
- 8.65%
- 5Y*
- 3.13%
- 10Y*
- —
BSJR
- 1D
- 0.07%
- 1M
- 0.13%
- YTD
- 1.49%
- 6M
- 1.55%
- 1Y
- 4.51%
- 3Y*
- 8.11%
- 5Y*
- 3.30%
- 10Y*
- —
BSJS vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 1.81% | 8.31% | 7.38% | 12.28% | -13.69% | 3.40% | 3.92% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.49% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.19% |
Correlation
The correlation between BSJS and BSJR is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.84 |
The correlation between BSJS and BSJR has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
BSJS vs. BSJR — Risk / Return Rank
BSJS
BSJR
BSJS vs. BSJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSJS | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.89 | -0.47 |
| Martin ratioReturn relative to average drawdown | 16.65 | 17.76 | -1.11 |
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Drawdowns
BSJS vs. BSJR - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for BSJS and BSJR.
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Drawdown Indicators
| BSJS | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -22.58% | +4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -1.16% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -3.15% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -16.37% | -1.36% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -3.23% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.25% | +0.09% |
Volatility
BSJS vs. BSJR - Volatility Comparison
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) have volatilities of 0.61% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJS | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.61% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 1.51% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 2.08% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 6.74% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 9.33% | -2.22% |
BSJS vs. BSJR - Expense Ratio Comparison
Both BSJS and BSJR have an expense ratio of 0.42%.
Dividends
BSJS vs. BSJR - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.22%, more than BSJR's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.66% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% |
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.22% | 6.49% | 7.04% | 6.75% | 5.82% | 4.86% | 0.75% | 0.00% |
Frequently Asked Questions
BSJS and BSJR have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJR has higher volatility (0.61%) compared to BSJS (0.61%). In terms of maximum drawdown, BSJS dropped -17.73% vs BSJR's -22.58%.
On 5-year performance, BSJR leads with 3.30% vs 3.13% for BSJS. Both ETFs have the same 0.42% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSJR has performed better with a 3.30% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJS and BSJR have the same expense ratio: 0.42% per year.
BSJS has the higher dividend yield at 6.22%, compared with 5.66% for BSJR.
BSJS tracks Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index.
BSJR currently has the higher Sharpe Ratio (2.17 vs 2.00), 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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