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.
Correlation
The correlation between BSJT and FBND is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSJT vs. FBND - Performance Comparison
Key characteristics
BSJT:
1.71
FBND:
0.76
BSJT:
2.41
FBND:
1.10
BSJT:
1.32
FBND:
1.13
BSJT:
2.11
FBND:
0.39
BSJT:
11.97
FBND:
2.17
BSJT:
0.73%
FBND:
1.86%
BSJT:
5.15%
FBND:
5.32%
BSJT:
-19.52%
FBND:
-17.25%
BSJT:
-0.66%
FBND:
-4.55%
Returns By Period
The year-to-date returns for both investments are quite close, with BSJT having a 1.02% return and FBND slightly higher at 1.04%.
BSJT
1.02%
0.62%
4.13%
8.59%
N/A
N/A
FBND
1.04%
1.34%
0.23%
4.46%
0.66%
2.15%
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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.
Dividends
BSJT vs. FBND - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.67%, more than FBND's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.67% | 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 | 4.64% | 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. For additional features, visit the drawdowns tool.
Volatility
BSJT vs. FBND - Volatility Comparison
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and Fidelity Total Bond ETF (FBND) have volatilities of 1.47% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.