BSJS vs. FTSL
BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) and FTSL (First Trust Senior Loan Fund) are both exchange-traded funds - BSJS is a High Yield Bonds fund tracking the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while FTSL is a Bank Loan fund actively managed by First Trust. BSJS is passively managed, while FTSL is actively managed. Over the past 5 years, BSJS returned 3.13%/yr vs 5.15%/yr for FTSL. Their 0.50 correlation means their historical movements had little consistent relationship. BSJS charges 0.42%/yr vs 0.70%/yr for FTSL.
Performance
BSJS vs. FTSL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSJS achieves a 2.27% return, which is significantly higher than FTSL's 1.33% return.
BSJS
- 1D
- 0.09%
- 1M
- 0.25%
- 6M
- 1.76%
- YTD
- 2.27%
- 1Y
- 5.16%
- 3Y*
- 8.14%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 3.71%
FTSL
- 1D
- 0.11%
- 1M
- 0.51%
- 6M
- 1.82%
- YTD
- 1.33%
- 1Y
- 3.96%
- 3Y*
- 6.74%
- 5Y*
- 5.15%
- 10Y*
- 4.42%
- ALL TIME*
- 4.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.78M | $4.52M | $3.44M | |
| $8.60M | $10.00M | $9.63M |
BSJS vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2.27% | 8.31% | 7.38% | 12.28% | -13.69% | 3.40% | 3.92% |
FTSL First Trust Senior Loan Fund | 1.33% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.69% |
Correlation
The correlation between BSJS and FTSL is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.50 |
The correlation between BSJS and FTSL has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSJS vs. FTSL — Risk / Return Rank
BSJS
FTSL
BSJS vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.71 | +1.53 |
| Martin ratioReturn relative to average drawdown | 15.84 | 6.32 | +9.52 |
Loading charts...
Drawdowns
BSJS vs. FTSL - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for BSJS and FTSL.
Loading charts...
Drawdown Indicators
| BSJS | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -22.67% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -2.33% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -2.66% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -6.96% | -10.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.67% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -0.75% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.63% | -0.30% |
Volatility
BSJS vs. FTSL - Volatility Comparison
Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) has a higher volatility of 0.59% compared to First Trust Senior Loan Fund (FTSL) at 0.47%. This indicates that BSJS's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSJS | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.47% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 1.96% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 2.15% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 3.35% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 5.18% | +1.87% |
BSJS vs. FTSL - Expense Ratio Comparison
BSJS has a 0.42% expense ratio, which is lower than FTSL's 0.70% expense ratio.
Dividends
BSJS vs. FTSL - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.16%, less than FTSL's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.16% | 6.49% | 7.04% | 6.75% | 5.82% | 4.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSL First Trust Senior Loan Fund | 6.37% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Frequently Asked Questions
BSJS and FTSL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJS has higher volatility (0.59%) compared to FTSL (0.47%). In terms of maximum drawdown, BSJS dropped -17.73% vs FTSL's -22.67%.
On 5-year performance, FTSL leads with 5.15% vs 3.13% for BSJS. On fees, BSJS is cheaper at 0.42% per year. On volatility, FTSL has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTSL has performed better with a 5.15% 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 0.70% for FTSL.
FTSL has the higher dividend yield at 6.37%, compared with 6.16% for BSJS.
BSJS is categorized as High Yield Bonds, while FTSL is Bank Loan. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.42% for BSJS and 0.70% for FTSL.
BSJS currently has the higher Sharpe Ratio (1.94 vs 1.85), 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.
Find the right allocation for BSJS and FTSL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer