BSJT vs. BBHY
BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJT tracks the Invesco BulletShares High Yield Corporate Bond 2029 Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 3 years, BSJT returned 8.41%/yr vs 8.48%/yr for BBHY. Their correlation of 0.86 means they have usually moved in the same direction. BSJT charges 0.42%/yr vs 0.15%/yr for BBHY.
Performance
BSJT vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, BSJT achieves a 2.24% return, which is significantly lower than BBHY's 2.42% return.
BSJT
- 1D
- 0.26%
- 1M
- 0.68%
- 6M
- 1.79%
- YTD
- 2.24%
- 1Y
- 5.28%
- 3Y*
- 8.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.80%
BBHY
- 1D
- 0.29%
- 1M
- 0.18%
- 6M
- 1.74%
- YTD
- 2.42%
- 1Y
- 5.67%
- 3Y*
- 8.48%
- 5Y*
- 4.02%
- 10Y*
- —
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.85M | $3.12M | $2.92M | |
| $4.53M | $4.17M | $4.04M |
BSJT vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 2.24% | 7.63% | 8.01% | 13.59% | -14.85% | -0.44% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2.42% | 8.51% | 7.81% | 11.98% | -10.37% | 0.31% |
Correlation
The correlation between BSJT and BBHY is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.86 |
The correlation between BSJT and BBHY has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
BSJT vs. BBHY — Risk / Return Rank
BSJT
BBHY
BSJT vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
| BSJT | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.40 | -0.26 |
| Martin ratioReturn relative to average drawdown | 9.19 | 10.46 | -1.27 |
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Drawdowns
BSJT vs. BBHY - Drawdown Comparison
The maximum BSJT drawdown since its inception was -19.62%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for BSJT and BBHY.
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Drawdown Indicators
| BSJT | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.62% | -24.98% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.37% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -5.00% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -2.33% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.54% | +0.04% |
Volatility
BSJT vs. BBHY - Volatility Comparison
The current volatility for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) is 0.76%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 0.91%. This indicates that BSJT experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJT | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.91% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.04% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.67% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 7.27% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 7.48% | +0.60% |
BSJT vs. BBHY - Expense Ratio Comparison
BSJT has a 0.42% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
BSJT vs. BBHY - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.60%, less than BBHY's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.09% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.60% | 6.77% | 6.65% | 6.42% | 5.45% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSJT and BBHY have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (0.91%) compared to BSJT (0.76%). In terms of maximum drawdown, BSJT dropped -19.62% vs BBHY's -24.98%.
On 3-year performance, BBHY leads with 8.48% vs 8.41% for BSJT. On fees, BBHY is cheaper at 0.15% per year. On volatility, BSJT has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBHY has performed better with a 8.48% return vs 8.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJT.
BBHY has the higher dividend yield at 7.09%, compared with 6.60% for BSJT.
BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.42% for BSJT and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.56 vs 1.47), 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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