BSJT vs. SGOV
BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BSJT is a High Yield Bonds fund tracking the Invesco BulletShares High Yield Corporate Bond 2029 Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, BSJT returned 8.62%/yr vs 4.72%/yr for SGOV. At a 0.00 correlation, their price movements are largely independent. BSJT charges 0.42%/yr vs 0.09%/yr for SGOV.
Performance
BSJT vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BSJT achieves a 1.33% return, which is significantly lower than SGOV's 1.52% return.
BSJT
- 1D
- 0.12%
- 1M
- 0.47%
- YTD
- 1.33%
- 6M
- 1.89%
- 1Y
- 6.65%
- 3Y*
- 8.62%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
BSJT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 1.33% | 7.63% | 8.01% | 13.59% | -14.85% | -0.52% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.01% |
Correlation
The correlation between BSJT and SGOV is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.00 |
The correlation between BSJT and SGOV shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSJT vs. SGOV — Risk / Return Rank
BSJT
SGOV
BSJT vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| BSJT | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.46 | ||
| Sortino ratioReturn per unit of downside risk | -272.83 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 195.55 | -194.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 398.20 | -395.50 |
| Martin ratioReturn relative to average drawdown | 11.54 | 4,462.00 | -4,450.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSJT | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 20.28 | -18.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 12.49 | -12.16 |
Drawdowns
BSJT vs. SGOV - Drawdown Comparison
The maximum BSJT drawdown since its inception was -19.62%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BSJT and SGOV.
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Drawdown Indicators
| BSJT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.62% | -0.03% | -19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -0.01% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -0.01% | -5.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -0.00% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.00% | +0.58% |
Volatility
BSJT vs. SGOV - Volatility Comparison
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) has a higher volatility of 0.96% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BSJT's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.05% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 0.13% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 0.20% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 0.24% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 0.24% | +7.96% |
BSJT vs. SGOV - Expense Ratio Comparison
BSJT has a 0.42% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BSJT vs. SGOV - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.75%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.75% | 6.77% | 6.65% | 6.42% | 5.45% | 1.20% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BSJT and SGOV have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJT has higher volatility (0.96%) compared to SGOV (0.05%). In terms of maximum drawdown, BSJT dropped -19.62% vs SGOV's -0.03%.
On 3-year performance, BSJT leads with 8.62% vs 4.72% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSJT has performed better with a 8.62% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.42% for BSJT.
BSJT has the higher dividend yield at 6.75%, compared with 3.86% for SGOV.
BSJT is categorized as High Yield Bonds, while SGOV is Ultrashort Bond. BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJT and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.81), 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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