BSJS vs. SPHD
BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - BSJS is a High Yield Bonds fund tracking the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 5 years, BSJS returned 3.13%/yr vs 7.06%/yr for SPHD. At a 0.46 correlation, their price movements are largely independent. BSJS charges 0.42%/yr vs 0.30%/yr for SPHD.
Performance
BSJS vs. SPHD - 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 SPHD's 8.20% return.
BSJS
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.81%
- 6M
- 1.90%
- 1Y
- 5.59%
- 3Y*
- 8.65%
- 5Y*
- 3.13%
- 10Y*
- —
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
BSJS vs. SPHD - 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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | 11.12% |
Correlation
The correlation between BSJS and SPHD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.46 |
The correlation between BSJS and SPHD shifts across timeframes, from 0.33 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSJS vs. SPHD — Risk / Return Rank
BSJS
SPHD
BSJS vs. SPHD - 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 S&P 500® High Dividend Low Volatility ETF (SPHD). 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 | SPHD | 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 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.66 | +1.77 |
| Martin ratioReturn relative to average drawdown | 16.65 | 4.06 | +12.59 |
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Drawdowns
BSJS vs. SPHD - Drawdown Comparison
The maximum BSJS drawdown since its inception was -17.73%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for BSJS and SPHD.
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Drawdown Indicators
| BSJS | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -41.39% | +23.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -7.33% | +5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -13.29% | +8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -19.50% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.91% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -4.69% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.98% | -2.64% |
Volatility
BSJS vs. SPHD - Volatility Comparison
The current volatility for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is 0.61%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 4.26%. This indicates that BSJS experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJS | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 4.26% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 8.13% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 11.48% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 14.16% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 17.65% | -10.54% |
BSJS vs. SPHD - Expense Ratio Comparison
BSJS has a 0.42% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
BSJS vs. SPHD - Dividend Comparison
BSJS's dividend yield for the trailing twelve months is around 6.22%, more than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
BSJS and SPHD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (4.26%) compared to BSJS (0.61%). In terms of maximum drawdown, BSJS dropped -17.73% vs SPHD's -41.39%.
On 5-year performance, SPHD leads with 7.06% vs 3.13% for BSJS. On fees, SPHD is cheaper at 0.30% 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, SPHD has performed better with a 7.06% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.42% for BSJS.
BSJS has the higher dividend yield at 6.22%, compared with 4.60% for SPHD.
BSJS is categorized as High Yield Bonds, while SPHD is Dividend. BSJS tracks Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.42% for BSJS and 0.30% for SPHD.
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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