BSJS vs. FBND
Compare and contrast key facts about Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and Fidelity Total Bond ETF (FBND).
BSJS and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJS or FBND.
Key characteristics
| BSJS | FBND | |
|---|---|---|
| YTD Return | 8.38% | 3.10% |
| 1Y Return | 14.46% | 10.11% |
| 3Y Return (Ann) | 1.80% | -1.45% |
| Sharpe Ratio | 2.83 | 1.52 |
| Sortino Ratio | 4.51 | 2.23 |
| Omega Ratio | 1.53 | 1.28 |
| Calmar Ratio | 1.67 | 0.69 |
| Martin Ratio | 23.85 | 6.36 |
| Ulcer Index | 0.59% | 1.44% |
| Daily Std Dev | 4.96% | 6.02% |
| Max Drawdown | -17.73% | -17.25% |
| Current Drawdown | 0.00% | -4.63% |
Correlation
The correlation between BSJS and FBND is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSJS vs. FBND - Performance Comparison
In the year-to-date period, BSJS achieves a 8.38% return, which is significantly higher than FBND's 3.10% 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. FBND - Expense Ratio Comparison
BSJS has a 0.42% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
BSJS vs. FBND - 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 Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.89%, more than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
BSJS vs. FBND - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, roughly equal to the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BSJS and FBND. For additional features, visit the drawdowns tool.
Volatility
BSJS vs. FBND - Volatility Comparison
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and Fidelity Total Bond ETF (FBND) have volatilities of 1.56% and 1.56%, 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.