BSJT vs. SJT

Last updated Jun 24, 2026

BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Invesco BulletShares High Yield Corporate Bond 2029 Index, while SJT (San Juan Basin Royalty Trust) is a stock. Over the past 3 years, BSJT returned 8.86%/yr vs -23.58%/yr for SJT. At a 0.16 correlation, their price movements are largely independent.

Performance

BSJT vs. SJT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and San Juan Basin Royalty Trust (SJT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJT achieves a 1.40% return, which is significantly higher than SJT's -47.69% return.

BSJT

• 1D: -0.02%
• 1M: 0.52%
• YTD: 1.40%
• 6M: 1.55%
• 1Y: 6.00%
• 3Y*: 8.86%
• 5Y*: —
• 10Y*: —

SJT

• 1D: -2.65%
• 1M: -28.12%
• YTD: -47.69%
• 6M: -45.56%
• 1Y: -50.17%
• 3Y*: -23.58%
• 5Y*: -4.20%
• 10Y*: -1.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJT vs. SJT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF	1.40%	7.63%	8.01%	13.59%	-14.85%	-0.44%
SJT San Juan Basin Royalty Trust	-47.69%	46.74%	-22.92%	-50.02%	120.63%	40.31%

Correlation

The correlation between BSJT and SJT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.16

The correlation between BSJT and SJT shifts across timeframes, from 0.02 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BSJT vs. SJT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSJT

BSJT Risk / Return Rank: 55
BSJT Sharpe Ratio Rank: 51
BSJT Sortino Ratio Rank: 59
BSJT Omega Ratio Rank: 51
BSJT Calmar Ratio Rank: 53
BSJT Martin Ratio Rank: 62

SJT

SJT Risk / Return Rank: 2
SJT Sharpe Ratio Rank: 1
SJT Sortino Ratio Rank: 2
SJT Omega Ratio Rank: 3
SJT Calmar Ratio Rank: 6
SJT Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSJT vs. SJT - 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 San Juan Basin Royalty Trust (SJT). 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	SJT	Difference
Sharpe ratio: Return per unit of total volatility	1.64	-1.38	+3.02
Sortino ratio: Return per unit of downside risk	2.58	-2.22	+4.80
Omega ratio: Gain probability vs. loss probability	1.30	0.75	+0.55
Calmar ratio: Return relative to maximum drawdown	2.44	-0.92	+3.36
Martin ratio: Return relative to average drawdown	10.42	-2.45	+12.86

BSJT vs. SJT - Sharpe Ratio Comparison

The current BSJT Sharpe Ratio is 1.64, which is higher than the SJT Sharpe Ratio of -1.38. The chart below compares the historical Sharpe Ratios of BSJT and SJT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSJT vs. SJT - Drawdown Comparison

The maximum BSJT drawdown since its inception was -19.62%, smaller than the maximum SJT drawdown of -92.82%. Use the drawdown chart below to compare losses from any high point for BSJT and SJT.

Drawdown Indicators

	BSJT	SJT	Difference
Max Drawdown Largest peak-to-trough decline	-19.62%	-92.82%	+73.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-54.56%	+52.09%
Max Drawdown (3Y) Largest decline over 3 years	-5.59%	-62.16%	+56.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-75.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.54%	—
Current Drawdown Current decline from peak	-0.21%	-79.43%	+79.22%
Average Drawdown Average peak-to-trough decline	-5.38%	-37.68%	+32.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	20.54%	-19.96%

Volatility

BSJT vs. SJT - Volatility Comparison

The current volatility for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) is 0.88%, while San Juan Basin Royalty Trust (SJT) has a volatility of 12.89%. This indicates that BSJT experiences smaller price fluctuations and is considered to be less risky than SJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJT	SJT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	12.89%	-12.01%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	25.95%	-23.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	36.60%	-32.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.17%	48.07%	-39.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.17%	49.46%	-41.29%

Dividends

BSJT vs. SJT - Dividend Comparison

BSJT's dividend yield for the trailing twelve months is around 6.69%, while SJT has not paid dividends to shareholders.

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%
SJT San Juan Basin Royalty Trust	0.00%	0.00%	2.89%	21.81%	14.58%	12.67%	5.96%	6.85%	8.03%	10.19%	5.05%	8.81%

Frequently Asked Questions

Can I hold both BSJT and SJT in my portfolio?

BSJT and SJT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJT or SJT?

SJT has higher volatility (12.89%) compared to BSJT (0.88%). In terms of maximum drawdown, BSJT dropped -19.62% vs SJT's -92.82%.

Which has better risk-adjusted returns?

BSJT currently has the higher Sharpe Ratio (1.64 vs -1.38), 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.