BSJU vs. AAA
Compare and contrast key facts about Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) and AAF First Priority CLO Bond ETF (AAA).
BSJU and AAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJU is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares High Yield Corporate Bond 2030 Index. It was launched on Sep 6, 2022. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJU or AAA.
Key characteristics
| BSJU | AAA | |
|---|---|---|
| YTD Return | 9.23% | 5.90% |
| 1Y Return | 16.29% | 7.50% |
| Sharpe Ratio | 2.82 | 3.80 |
| Sortino Ratio | 4.45 | 6.23 |
| Omega Ratio | 1.56 | 1.85 |
| Calmar Ratio | 6.13 | 15.97 |
| Martin Ratio | 23.00 | 71.53 |
| Ulcer Index | 0.66% | 0.10% |
| Daily Std Dev | 5.37% | 1.97% |
| Max Drawdown | -7.51% | -2.63% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSJU and AAA is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BSJU vs. AAA - Performance Comparison
In the year-to-date period, BSJU achieves a 9.23% return, which is significantly higher than AAA's 5.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSJU vs. AAA - Expense Ratio Comparison
BSJU has a 0.42% expense ratio, which is higher than AAA's 0.25% expense ratio.
Risk-Adjusted Performance
BSJU vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) and AAF First Priority CLO Bond ETF (AAA). 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
BSJU vs. AAA - Dividend Comparison
BSJU's dividend yield for the trailing twelve months is around 6.74%, more than AAA's 6.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF | 6.74% | 6.74% | 2.38% | 0.00% | 0.00% |
AAA AAF First Priority CLO Bond ETF | 6.31% | 6.12% | 2.78% | 1.06% | 0.32% |
Drawdowns
BSJU vs. AAA - Drawdown Comparison
The maximum BSJU drawdown since its inception was -7.51%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for BSJU and AAA. For additional features, visit the drawdowns tool.
Volatility
BSJU vs. AAA - Volatility Comparison
Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) has a higher volatility of 1.28% compared to AAF First Priority CLO Bond ETF (AAA) at 0.44%. This indicates that BSJU's price experiences larger fluctuations and is considered to be riskier than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.