BSJT vs. JNK
BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) and JNK (State Street SPDR Bloomberg High Yield Bond ETF) are both High Yield Bonds funds - BSJT tracks the Invesco BulletShares High Yield Corporate Bond 2029 Index while JNK tracks the Bloomberg High Yield Very Liquid Index. Both are passively managed. Over the past 3 years, BSJT returned 8.41%/yr vs 8.46%/yr for JNK. Their correlation of 0.86 means they have usually moved in the same direction. BSJT charges 0.42%/yr vs 0.40%/yr for JNK.
Performance
BSJT vs. JNK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSJT achieves a 2.24% return, which is significantly lower than JNK's 2.37% 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%
JNK
- 1D
- 0.31%
- 1M
- 0.30%
- 6M
- 1.70%
- YTD
- 2.37%
- 1Y
- 5.71%
- 3Y*
- 8.46%
- 5Y*
- 3.68%
- 10Y*
- 4.72%
- ALL TIME*
- 5.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.53M | $4.17M | $4.04M | |
| $281.26M | $242.98M | $266.47M |
BSJT vs. JNK - 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% |
JNK State Street SPDR Bloomberg High Yield Bond ETF | 2.37% | 8.76% | 7.71% | 12.42% | -12.19% | 0.25% |
Correlation
The correlation between BSJT and JNK is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.86 |
The correlation between BSJT and JNK has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSJT vs. JNK — Risk / Return Rank
BSJT
JNK
BSJT vs. JNK - 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 State Street SPDR Bloomberg High Yield Bond ETF (JNK). 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 | JNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.29 | -0.15 |
| Martin ratioReturn relative to average drawdown | 9.19 | 9.91 | -0.72 |
Loading charts...
Drawdowns
BSJT vs. JNK - Drawdown Comparison
The maximum BSJT drawdown since its inception was -19.62%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for BSJT and JNK.
Loading charts...
Drawdown Indicators
| BSJT | JNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.62% | -38.48% | +18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.51% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -5.02% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -3.67% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.58% | 0.00% |
Volatility
BSJT vs. JNK - Volatility Comparison
The current volatility for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) is 0.76%, while State Street SPDR Bloomberg High Yield Bond ETF (JNK) has a volatility of 0.84%. This indicates that BSJT experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSJT | JNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.84% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.12% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.85% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 7.55% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 8.22% | -0.14% |
BSJT vs. JNK - Expense Ratio Comparison
BSJT has a 0.42% expense ratio, which is higher than JNK's 0.40% expense ratio.
Dividends
BSJT vs. JNK - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.60%, which matches JNK's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
JNK State Street SPDR Bloomberg High Yield Bond ETF | 6.62% | 6.54% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% |
Frequently Asked Questions
With a correlation of 0.90, BSJT and JNK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JNK has higher volatility (0.84%) compared to BSJT (0.76%). In terms of maximum drawdown, BSJT dropped -19.62% vs JNK's -38.48%.
On 3-year performance, JNK leads with 8.46% vs 8.41% for BSJT. On fees, JNK is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JNK has performed better with a 8.46% return vs 8.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JNK is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJT.
JNK has the higher dividend yield at 6.62%, compared with 6.60% for BSJT.
BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index, while JNK tracks Bloomberg High Yield Very Liquid Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.42% for BSJT and 0.40% for JNK.
JNK currently has the higher Sharpe Ratio (1.49 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.
Find the right allocation for BSJT and JNK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer