BSJU vs. JPHY

Last updated Aug 4, 2026

BSJU (Invesco Bulletshares 2030 High Yield Corporate Bond ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. BSJU is passively managed, while JPHY is actively managed. Over the past year, BSJU returned 6.17% vs 5.96% for JPHY. Their correlation of 0.87 means they have usually moved in the same direction. BSJU charges 0.42%/yr vs 0.24%/yr for JPHY.

Performance

BSJU vs. JPHY - 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 JPMorgan High Yield Research Enhanced ETF (JPHY). 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 2.41% return and JPHY slightly higher at 2.48%.

BSJU

• 1D: 0.29%
• 1M: 0.02%
• 6M: 1.71%
• YTD: 2.41%
• 1Y: 6.17%
• 3Y*: 8.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.58%

JPHY

• 1D: 0.16%
• 1M: -0.08%
• 6M: 2.00%
• YTD: 2.48%
• 1Y: 5.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	$2.49M	$2.06M	$1.81M
JPHY JPMorgan High Yield Research Enhanced ETF	$1.06M	$991.17K	$1.48M

BSJU vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	2.41%	4.27%
JPHY JPMorgan High Yield Research Enhanced ETF	2.48%	4.06%

Correlation

The correlation between BSJU and JPHY is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.87

The correlation between BSJU and JPHY has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

BSJU vs. JPHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BSJU

BSJU Risk / Return Rank: 70
BSJU Sharpe Ratio Rank: 64
BSJU Sortino Ratio Rank: 70
BSJU Omega Ratio Rank: 68
BSJU Calmar Ratio Rank: 67
BSJU Martin Ratio Rank: 81

JPHY

JPHY Risk / Return Rank: 87
JPHY Sharpe Ratio Rank: 82
JPHY Sortino Ratio Rank: 88
JPHY Omega Ratio Rank: 87
JPHY Calmar Ratio Rank: 88
JPHY Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BSJU vs. JPHY - 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 JPMorgan High Yield Research Enhanced ETF (JPHY). 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	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.98	-0.42
Sortino ratio: Return per unit of downside risk	2.38	3.11	-0.73
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	2.45	3.63	-1.18
Martin ratio: Return relative to average drawdown	11.20	15.93	-4.73

BSJU vs. JPHY - Sharpe Ratio Comparison

The current BSJU Sharpe Ratio is 1.56, which is comparable to the JPHY Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of BSJU and JPHY, 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. JPHY - Drawdown Comparison

The maximum BSJU drawdown since its inception was -7.51%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for BSJU and JPHY.

Drawdown Indicators

	BSJU	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-7.51%	-1.65%	-5.86%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-1.65%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-5.09%	—	—
Current Drawdown Current decline from peak	-0.05%	-0.23%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.05%	-0.22%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.38%	+0.17%

Volatility

BSJU vs. JPHY - Volatility Comparison

Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) has a higher volatility of 0.94% compared to JPMorgan High Yield Research Enhanced ETF (JPHY) at 0.71%. This indicates that BSJU's price experiences larger fluctuations and is considered to be riskier than JPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJU	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	0.71%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	3.21%	2.38%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	3.03%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.76%	2.94%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.76%	2.94%	+4.82%

BSJU vs. JPHY - Expense Ratio Comparison

BSJU has a 0.42% expense ratio, which is higher than JPHY's 0.24% expense ratio.

Dividends

BSJU vs. JPHY - Dividend Comparison

BSJU's dividend yield for the trailing twelve months is around 6.67%, more than JPHY's 6.40% yield.

Position	TTM	2025	2024	2023	2022
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	6.67%	6.52%	7.08%	6.74%	2.38%
JPHY JPMorgan High Yield Research Enhanced ETF	6.40%	3.32%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJU and JPHY in my portfolio?

BSJU and JPHY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJU or JPHY?

BSJU has higher volatility (0.94%) compared to JPHY (0.71%). In terms of maximum drawdown, BSJU dropped -7.51% vs JPHY's -1.65%.

Which ETF is better, BSJU or JPHY?

On 1-year performance, BSJU leads with 6.17% vs 5.96% for JPHY. On fees, JPHY is cheaper at 0.24% per year. On volatility, JPHY has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJU or JPHY?

Over the 1-year period, BSJU has performed better with a 6.17% return vs 5.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJU or JPHY?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.42% for BSJU.

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

BSJU has the higher dividend yield at 6.67%, compared with 6.40% for JPHY.

What is the main difference between BSJU and JPHY?

They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.42% for BSJU and 0.24% for JPHY.

Which has better risk-adjusted returns?

JPHY currently has the higher Sharpe Ratio (1.98 vs 1.56), 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.