BSJT vs. SPHY
Compare and contrast key facts about Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and SPDR Portfolio High Yield Bond ETF (SPHY).
BSJT and SPHY 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both BSJT and SPHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJT or SPHY.
Correlation
The correlation between BSJT and SPHY is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BSJT vs. SPHY - Performance Comparison
Key characteristics
BSJT:
1.94
SPHY:
2.62
BSJT:
2.78
SPHY:
3.85
BSJT:
1.36
SPHY:
1.50
BSJT:
2.36
SPHY:
4.51
BSJT:
13.49
SPHY:
18.69
BSJT:
0.72%
SPHY:
0.55%
BSJT:
5.04%
SPHY:
3.95%
BSJT:
-19.52%
SPHY:
-21.97%
BSJT:
-0.07%
SPHY:
0.00%
Returns By Period
In the year-to-date period, BSJT achieves a 1.63% return, which is significantly lower than SPHY's 1.93% return.
BSJT
1.63%
0.37%
3.14%
9.69%
N/A
N/A
SPHY
1.93%
0.65%
4.25%
10.42%
4.46%
4.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BSJT vs. SPHY - Expense Ratio Comparison
BSJT has a 0.42% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
BSJT vs. SPHY — Risk-Adjusted Performance Rank
BSJT
SPHY
BSJT vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
BSJT's dividend yield for the trailing twelve months is around 6.12%, less than SPHY's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.12% | 6.66% | 6.42% | 5.45% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.67% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
BSJT vs. SPHY - Drawdown Comparison
The maximum BSJT drawdown since its inception was -19.52%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BSJT and SPHY. For additional features, visit the drawdowns tool.
Volatility
BSJT vs. SPHY - Volatility Comparison
Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) has a higher volatility of 1.10% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.83%. This indicates that BSJT's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.