BSJU vs. SPHD
BSJU (Invesco Bulletshares 2030 High Yield Corporate Bond ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - BSJU is a High Yield Bonds fund tracking the Invesco BulletShares High Yield Corporate Bond 2030 Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 3 years, BSJU returned 8.40%/yr vs 12.09%/yr for SPHD. A 0.51 correlation means they provide meaningful diversification when combined. BSJU charges 0.42%/yr vs 0.30%/yr for SPHD.
Performance
BSJU vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, BSJU achieves a 2.20% return, which is significantly lower than SPHD's 11.04% return.
BSJU
- 1D
- 0.17%
- 1M
- 0.39%
- 6M
- 1.68%
- YTD
- 2.20%
- 1Y
- 6.30%
- 3Y*
- 8.40%
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- -0.38%
- 1M
- 1.18%
- 6M
- 9.58%
- YTD
- 11.04%
- 1Y
- 12.21%
- 3Y*
- 12.09%
- 5Y*
- 7.71%
- 10Y*
- 7.11%
BSJU vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF | 2.20% | 8.58% | 8.20% | 12.91% | -2.11% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 11.04% | 3.41% | 18.08% | 1.32% | 0.62% |
Correlation
The correlation between BSJU and SPHD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.51 |
Over the past year, the correlation between BSJU and SPHD has dropped to 0.30 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
BSJU vs. SPHD — Risk / Return Rank
BSJU
SPHD
BSJU vs. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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 | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.67 | +0.83 |
| Martin ratioReturn relative to average drawdown | 11.67 | 4.10 | +7.57 |
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Drawdowns
BSJU vs. SPHD - Drawdown Comparison
The maximum BSJU drawdown since its inception was -7.51%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for BSJU and SPHD.
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Drawdown Indicators
| BSJU | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.51% | -41.39% | +33.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -7.33% | +4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -13.29% | +8.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.63% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -4.68% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.99% | -2.45% |
Volatility
BSJU vs. SPHD - Volatility Comparison
The current volatility for Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) is 0.75%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 4.82%. This indicates that BSJU experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJU | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 4.82% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 8.70% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 11.70% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 14.20% | -6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 17.64% | -9.83% |
BSJU vs. SPHD - Expense Ratio Comparison
BSJU has a 0.42% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
BSJU vs. SPHD - Dividend Comparison
BSJU's dividend yield for the trailing twelve months is around 6.63%, more than SPHD's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF | 6.63% | 6.52% | 7.08% | 6.74% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.48% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
BSJU and SPHD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (4.82%) compared to BSJU (0.75%). In terms of maximum drawdown, BSJU dropped -7.51% vs SPHD's -41.39%.
On 3-year performance, SPHD leads with 12.09% vs 8.40% for BSJU. On fees, SPHD is cheaper at 0.30% per year. On volatility, BSJU has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPHD has performed better with a 12.09% return vs 8.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.42% for BSJU.
BSJU has the higher dividend yield at 6.63%, compared with 4.48% for SPHD.
BSJU is categorized as High Yield Bonds, while SPHD is Dividend. BSJU tracks Invesco BulletShares High Yield Corporate Bond 2030 Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.42% for BSJU and 0.30% for SPHD.
BSJU currently has the higher Sharpe Ratio (1.62 vs 1.05), 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.
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