Correlation
The correlation between BSJT and FBND is 0.25, 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.
BSJT vs. FBND
Compare and contrast key facts about Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and Fidelity Total Bond ETF (FBND).
BSJT and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJT is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares High Yield Corporate Bond 2029 Index. It was launched on Sep 15, 2021. 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: BSJT or FBND.
Performance
BSJT vs. FBND - Performance Comparison
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Key characteristics
BSJT:
1.38
FBND:
1.19
BSJT:
1.89
FBND:
1.72
BSJT:
1.27
FBND:
1.21
BSJT:
1.51
FBND:
0.70
BSJT:
7.01
FBND:
3.35
BSJT:
1.20%
FBND:
1.92%
BSJT:
6.22%
FBND:
5.39%
BSJT:
-19.52%
FBND:
-17.25%
BSJT:
-0.21%
FBND:
-3.00%
Returns By Period
In the year-to-date period, BSJT achieves a 1.89% return, which is significantly lower than FBND's 2.68% return.
BSJT
1.89%
1.95%
0.96%
7.93%
5.77%
N/A
N/A
FBND
2.68%
-0.10%
0.89%
5.92%
2.51%
0.38%
2.30%
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BSJT vs. FBND - Expense Ratio Comparison
BSJT has a 0.42% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
BSJT vs. FBND — Risk-Adjusted Performance Rank
BSJT
FBND
BSJT vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) 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.
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Dividends
BSJT vs. FBND - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.90%, more than FBND's 4.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.90% | 6.66% | 6.42% | 5.45% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.65% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
BSJT vs. FBND - Drawdown Comparison
The maximum BSJT drawdown since its inception was -19.52%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BSJT and FBND.
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Volatility
BSJT vs. FBND - Volatility Comparison
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) has a higher volatility of 2.14% compared to Fidelity Total Bond ETF (FBND) at 1.50%. This indicates that BSJT's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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