BSJT vs. RSP
BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - BSJT is a High Yield Bonds fund tracking the Invesco BulletShares High Yield Corporate Bond 2029 Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, BSJT returned 8.85%/yr vs 15.14%/yr for RSP. A 0.62 correlation means they provide meaningful diversification when combined. BSJT charges 0.42%/yr vs 0.20%/yr for RSP.
Performance
BSJT vs. RSP - Performance Comparison
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Returns By Period
In the year-to-date period, BSJT achieves a 1.36% return, which is significantly lower than RSP's 10.72% return.
BSJT
- 1D
- -0.05%
- 1M
- 0.47%
- YTD
- 1.36%
- 6M
- 1.17%
- 1Y
- 5.40%
- 3Y*
- 8.85%
- 5Y*
- —
- 10Y*
- —
RSP
- 1D
- 0.71%
- 1M
- 2.23%
- YTD
- 10.72%
- 6M
- 9.45%
- 1Y
- 18.70%
- 3Y*
- 15.14%
- 5Y*
- 8.63%
- 10Y*
- 12.31%
BSJT vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 1.36% | 7.63% | 8.01% | 13.59% | -14.85% | -0.44% |
RSP Invesco S&P 500 Equal Weight ETF | 10.72% | 11.21% | 12.79% | 13.70% | -11.62% | 6.83% |
Correlation
The correlation between BSJT and RSP is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.62 |
The correlation between BSJT and RSP has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
BSJT vs. RSP — Risk / Return Rank
BSJT
RSP
BSJT vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). 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 | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.39 | -0.20 |
| Martin ratioReturn relative to average drawdown | 9.37 | 9.03 | +0.34 |
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Drawdowns
BSJT vs. RSP - Drawdown Comparison
The maximum BSJT drawdown since its inception was -19.62%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for BSJT and RSP.
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Drawdown Indicators
| BSJT | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.62% | -59.92% | +40.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -7.85% | +5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -17.81% | +12.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.04% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.79% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -6.64% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.08% | -1.50% |
Volatility
BSJT vs. RSP - Volatility Comparison
The current volatility for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) is 0.87%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 3.59%. This indicates that BSJT experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJT | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 3.59% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 8.69% | -6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 11.81% | -8.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.16% | 16.20% | -8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 18.33% | -10.17% |
BSJT vs. RSP - Expense Ratio Comparison
BSJT has a 0.42% expense ratio, which is higher than RSP's 0.20% expense ratio.
Dividends
BSJT vs. RSP - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.69%, more than RSP's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.69% | 6.77% | 6.65% | 6.42% | 5.45% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSP Invesco S&P 500 Equal Weight ETF | 1.52% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Frequently Asked Questions
BSJT and RSP have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSP has higher volatility (3.59%) compared to BSJT (0.87%). In terms of maximum drawdown, BSJT dropped -19.62% vs RSP's -59.92%.
On 3-year performance, RSP leads with 15.14% vs 8.85% for BSJT. On fees, RSP is cheaper at 0.20% per year. On volatility, BSJT has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RSP has performed better with a 15.14% return vs 8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSP is cheaper with a 0.20% expense ratio, compared with 0.42% for BSJT.
BSJT has the higher dividend yield at 6.69%, compared with 1.52% for RSP.
BSJT is categorized as High Yield Bonds, while RSP is S&P 500. BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.42% for BSJT and 0.20% for RSP.
RSP currently has the higher Sharpe Ratio (1.59 vs 1.49), 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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