BSJU vs. FLHY

Last updated Jun 24, 2026

BSJU (Invesco Bulletshares 2030 High Yield Corporate Bond ETF) and FLHY (Franklin Liberty High Yield Corporate ETF) are both High Yield Bonds funds. BSJU is passively managed, while FLHY is actively managed. Over the past 3 years, BSJU returned 9.06%/yr vs 9.52%/yr for FLHY. Their correlation of 0.89 suggests significant overlap in exposure. BSJU charges 0.42%/yr vs 0.40%/yr for FLHY.

Performance

BSJU vs. FLHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) and Franklin Liberty High Yield Corporate ETF (FLHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BSJU having a 1.91% return and FLHY slightly higher at 1.96%.

BSJU

• 1D: 0.00%
• 1M: 0.69%
• YTD: 1.91%
• 6M: 2.02%
• 1Y: 6.57%
• 3Y*: 9.06%
• 5Y*: —
• 10Y*: —

FLHY

• 1D: -0.08%
• 1M: 0.44%
• YTD: 1.96%
• 6M: 2.31%
• 1Y: 7.09%
• 3Y*: 9.52%
• 5Y*: 4.61%
• 10Y*: —

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

BSJU vs. FLHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	1.91%	8.58%	8.20%	12.91%	-2.11%
FLHY Franklin Liberty High Yield Corporate ETF	1.96%	9.26%	8.70%	13.40%	0.41%

Correlation

The correlation between BSJU and FLHY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.89

The correlation between BSJU and FLHY has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

BSJU vs. FLHY — Risk / Return Rank

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

BSJU

BSJU Risk / Return Rank: 58
BSJU Sharpe Ratio Rank: 52
BSJU Sortino Ratio Rank: 57
BSJU Omega Ratio Rank: 55
BSJU Calmar Ratio Rank: 57
BSJU Martin Ratio Rank: 70

FLHY

FLHY Risk / Return Rank: 66
FLHY Sharpe Ratio Rank: 59
FLHY Sortino Ratio Rank: 66
FLHY Omega Ratio Rank: 64
FLHY Calmar Ratio Rank: 63
FLHY Martin Ratio Rank: 77

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.

BSJU vs. FLHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) and Franklin Liberty High Yield Corporate ETF (FLHY). 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.

	BSJU	FLHY	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.85	-0.18
Sortino ratio: Return per unit of downside risk	2.54	2.83	-0.30
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.61	2.92	-0.32
Martin ratio: Return relative to average drawdown	12.07	13.70	-1.63

BSJU vs. FLHY - Sharpe Ratio Comparison

The current BSJU Sharpe Ratio is 1.67, which is comparable to the FLHY Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BSJU and FLHY, 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

BSJU vs. FLHY - Drawdown Comparison

The maximum BSJU drawdown since its inception was -7.51%, smaller than the maximum FLHY drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for BSJU and FLHY.

Drawdown Indicators

	BSJU	FLHY	Difference
Max Drawdown Largest peak-to-trough decline	-7.51%	-22.58%	+15.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-2.43%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-5.12%	-4.49%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.19%	—
Current Drawdown Current decline from peak	-0.14%	-0.19%	+0.05%
Average Drawdown Average peak-to-trough decline	-1.07%	-2.53%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.52%	+0.03%

Volatility

BSJU vs. FLHY - Volatility Comparison

Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) has a higher volatility of 1.04% compared to Franklin Liberty High Yield Corporate ETF (FLHY) at 0.98%. This indicates that BSJU's price experiences larger fluctuations and is considered to be riskier than FLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJU	FLHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.98%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	3.04%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	3.85%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.86%	6.95%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.86%	8.09%	-0.23%

BSJU vs. FLHY - Expense Ratio Comparison

BSJU has a 0.42% expense ratio, which is higher than FLHY's 0.40% expense ratio.

Dividends

BSJU vs. FLHY - Dividend Comparison

BSJU's dividend yield for the trailing twelve months is around 6.65%, more than FLHY's 6.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	6.65%	6.52%	7.08%	6.74%	2.38%	0.00%	0.00%	0.00%	0.00%
FLHY Franklin Liberty High Yield Corporate ETF	6.46%	6.53%	6.51%	6.26%	6.54%	5.76%	5.47%	5.61%	4.27%

Frequently Asked Questions

Can I hold both BSJU and FLHY in my portfolio?

With a correlation of 0.90, BSJU and FLHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BSJU or FLHY?

BSJU has higher volatility (1.04%) compared to FLHY (0.98%). In terms of maximum drawdown, BSJU dropped -7.51% vs FLHY's -22.58%.

Which ETF is better, BSJU or FLHY?

On 3-year performance, FLHY leads with 9.52% vs 9.06% for BSJU. On fees, FLHY is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJU or FLHY?

Over the 3-year period, FLHY has performed better with a 9.52% return vs 9.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJU or FLHY?

FLHY is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJU.

Which ETF pays a higher dividend yield, BSJU or FLHY?

BSJU has the higher dividend yield at 6.65%, compared with 6.46% for FLHY.

What is the main difference between BSJU and FLHY?

They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.42% for BSJU and 0.40% for FLHY.

Which has better risk-adjusted returns?

FLHY currently has the higher Sharpe Ratio (1.85 vs 1.67), 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.