BSJS vs. LTPZ
Compare and contrast key facts about Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and PIMCO 15+ Year US TIPS Index ETF (LTPZ).
BSJS and LTPZ 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. LTPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (15+ Y). It was launched on Sep 3, 2009. Both BSJS and LTPZ 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 LTPZ.
Key characteristics
| BSJS | LTPZ | |
|---|---|---|
| YTD Return | 7.70% | 0.21% |
| 1Y Return | 13.35% | 8.99% |
| 3Y Return (Ann) | 1.57% | -11.26% |
| Sharpe Ratio | 2.61 | 0.63 |
| Sortino Ratio | 4.15 | 0.96 |
| Omega Ratio | 1.49 | 1.11 |
| Calmar Ratio | 1.55 | 0.22 |
| Martin Ratio | 22.01 | 2.09 |
| Ulcer Index | 0.59% | 4.05% |
| Daily Std Dev | 4.96% | 13.52% |
| Max Drawdown | -17.73% | -40.99% |
| Current Drawdown | -0.07% | -32.20% |
Correlation
The correlation between BSJS and LTPZ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSJS vs. LTPZ - Performance Comparison
In the year-to-date period, BSJS achieves a 7.70% return, which is significantly higher than LTPZ's 0.21% 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. LTPZ - Expense Ratio Comparison
BSJS has a 0.42% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Risk-Adjusted Performance
BSJS vs. LTPZ - 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 PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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. LTPZ - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.93%, more than LTPZ's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.93% | 6.75% | 5.82% | 4.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 3.40% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% | 1.28% |
Drawdowns
BSJS vs. LTPZ - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for BSJS and LTPZ. For additional features, visit the drawdowns tool.
Volatility
BSJS vs. LTPZ - Volatility Comparison
The current volatility for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is 1.53%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 3.54%. This indicates that BSJS experiences smaller price fluctuations and is considered to be less risky than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.