BSJS vs. DBO
BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - BSJS is a High Yield Bonds fund tracking the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 5 years, BSJS returned 3.13%/yr vs 10.16%/yr for DBO. At a 0.08 correlation, their price movements are largely independent. BSJS charges 0.42%/yr vs 0.78%/yr for DBO.
Performance
BSJS vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, BSJS achieves a 1.81% return, which is significantly lower than DBO's 50.16% return.
BSJS
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.81%
- 6M
- 1.90%
- 1Y
- 5.59%
- 3Y*
- 8.65%
- 5Y*
- 3.13%
- 10Y*
- —
DBO
- 1D
- -1.13%
- 1M
- -18.58%
- YTD
- 50.16%
- 6M
- 47.74%
- 1Y
- 36.30%
- 3Y*
- 14.32%
- 5Y*
- 10.16%
- 10Y*
- 9.22%
BSJS vs. DBO - 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% |
DBO Invesco DB Oil Fund | 50.16% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | 20.43% |
Correlation
The correlation between BSJS and DBO is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.08 |
The correlation between BSJS and DBO shifts across timeframes, from -0.27 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSJS vs. DBO — Risk / Return Rank
BSJS
DBO
BSJS vs. DBO - 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 DB Oil Fund (DBO). 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 | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.58 | +1.84 |
| Martin ratioReturn relative to average drawdown | 16.65 | 4.29 | +12.36 |
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Drawdowns
BSJS vs. DBO - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for BSJS and DBO.
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Drawdown Indicators
| BSJS | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -90.18% | +72.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -23.03% | +21.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -28.20% | +23.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -37.68% | +19.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -0.10% | -60.48% | +60.38% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -62.22% | +58.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 8.51% | -8.17% |
Volatility
BSJS vs. DBO - Volatility Comparison
The current volatility for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is 0.61%, while Invesco DB Oil Fund (DBO) has a volatility of 10.29%. This indicates that BSJS experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJS | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 10.29% | -9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 29.36% | -27.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 34.89% | -32.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 32.54% | -25.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 31.81% | -24.70% |
BSJS vs. DBO - Expense Ratio Comparison
BSJS has a 0.42% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
BSJS vs. DBO - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.22%, more than DBO's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
DBO Invesco DB Oil Fund | 2.34% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
Frequently Asked Questions
BSJS and DBO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (10.29%) compared to BSJS (0.61%). In terms of maximum drawdown, BSJS dropped -17.73% vs DBO's -90.18%.
On 5-year performance, DBO leads with 10.16% vs 3.13% for BSJS. On fees, BSJS is cheaper at 0.42% per year. On volatility, BSJS has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBO has performed better with a 10.16% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJS is cheaper with a 0.42% expense ratio, compared with 0.78% for DBO.
BSJS has the higher dividend yield at 6.22%, compared with 2.34% for DBO.
BSJS is categorized as High Yield Bonds, while DBO is Oil & Gas. BSJS tracks Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. Their fees differ too: 0.42% for BSJS and 0.78% for DBO.
BSJS currently has the higher Sharpe Ratio (2.00 vs 1.06), 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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