BSJU vs. SPHQ

Last updated Jun 6, 2026

BSJU (Invesco Bulletshares 2030 High Yield Corporate Bond ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - BSJU is a High Yield Bonds fund tracking the Invesco BulletShares High Yield Corporate Bond 2030 Index, while SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 3 years, BSJU returned 8.46%/yr vs 21.90%/yr for SPHQ. A 0.64 correlation means they provide meaningful diversification when combined. BSJU charges 0.42%/yr vs 0.15%/yr for SPHQ.

Performance

BSJU vs. SPHQ - 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 Invesco S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJU achieves a 1.21% return, which is significantly lower than SPHQ's 13.62% return.

BSJU

• 1D: -0.43%
• 1M: -0.34%
• YTD: 1.21%
• 6M: 1.59%
• 1Y: 6.80%
• 3Y*: 8.46%
• 5Y*: —
• 10Y*: —

SPHQ

• 1D: -2.19%
• 1M: 2.76%
• YTD: 13.62%
• 6M: 14.14%
• 1Y: 21.41%
• 3Y*: 21.90%
• 5Y*: 14.17%
• 10Y*: 14.79%

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

BSJU vs. SPHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	1.21%	8.58%	8.20%	12.91%	-2.11%
SPHQ Invesco S&P 500 Quality ETF	13.62%	13.25%	25.44%	24.83%	0.68%

Correlation

The correlation between BSJU and SPHQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.64

The correlation between BSJU and SPHQ has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

BSJU vs. SPHQ - Sectors Allocation Comparison

Sectors	BSJU	SPHQ
Consumer Cyclical	9.1%	4.6%
Energy	7.8%	0.7%
Healthcare	5.2%	8.4%
Financial Services	4.1%	13.3%
Industrials	3.2%	24.3%
Real Estate	3.2%	-
Technology	3.0%	28.1%
Communication Services	2.4%	2.0%
Consumer Defensive	2.0%	15.4%
Basic Materials	1.9%	2.2%
Utilities	1.0%	1.0%

Return for Risk

BSJU vs. SPHQ — Risk / Return Rank

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

BSJU

BSJU Risk / Return Rank: 60
BSJU Sharpe Ratio Rank: 54
BSJU Sortino Ratio Rank: 59
BSJU Omega Ratio Rank: 58
BSJU Calmar Ratio Rank: 57
BSJU Martin Ratio Rank: 71

SPHQ

SPHQ Risk / Return Rank: 51
SPHQ Sharpe Ratio Rank: 49
SPHQ Sortino Ratio Rank: 50
SPHQ Omega Ratio Rank: 47
SPHQ Calmar Ratio Rank: 50
SPHQ Martin Ratio Rank: 59

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. SPHQ - 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 Quality ETF (SPHQ). 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.

	BSJU	SPHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.68	+0.07
Sortino ratio: Return per unit of downside risk	2.64	2.42	+0.22
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	2.70	2.42	+0.28
Martin ratio: Return relative to average drawdown	12.57	10.27	+2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSJU vs. SPHQ - Sharpe Ratio Comparison

The current BSJU Sharpe Ratio is 1.74, which is comparable to the SPHQ Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of BSJU and SPHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSJU	SPHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.68	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.53	+0.44

Drawdowns

BSJU vs. SPHQ - Drawdown Comparison

The maximum BSJU drawdown since its inception was -7.51%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for BSJU and SPHQ.

Drawdown Indicators

	BSJU	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.51%	-57.83%	+50.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-8.90%	+6.37%
Max Drawdown (3Y) Largest decline over 3 years	-5.12%	-16.57%	+11.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.60%	—
Current Drawdown Current decline from peak	-0.68%	-2.19%	+1.51%
Average Drawdown Average peak-to-trough decline	-1.08%	-10.70%	+9.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	2.09%	-1.55%

Volatility

BSJU vs. SPHQ - Volatility Comparison

The current volatility for Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) is 1.28%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 4.03%. This indicates that BSJU experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJU	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	4.03%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	10.44%	-7.35%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	12.83%	-8.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.90%	16.47%	-8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.90%	17.87%	-9.97%

BSJU vs. SPHQ - Expense Ratio Comparison

BSJU has a 0.42% expense ratio, which is higher than SPHQ's 0.15% expense ratio.

Dividends

BSJU vs. SPHQ - Dividend Comparison

BSJU's dividend yield for the trailing twelve months is around 6.66%, more than SPHQ's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSJU Invesco Bulletshares 2030 High Yield Corporate Bond ETF	6.66%	6.52%	7.08%	6.74%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHQ Invesco S&P 500 Quality ETF	1.06%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Frequently Asked Questions

Can I hold both BSJU and SPHQ in my portfolio?

BSJU and SPHQ have a correlation of 0.63, 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 SPHQ?

SPHQ has higher volatility (4.03%) compared to BSJU (1.28%). In terms of maximum drawdown, BSJU dropped -7.51% vs SPHQ's -57.83%.

Which ETF is better, BSJU or SPHQ?

On 3-year performance, SPHQ leads with 21.90% vs 8.46% for BSJU. On fees, SPHQ is cheaper at 0.15% per year. On volatility, BSJU has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJU or SPHQ?

Over the 3-year period, SPHQ has performed better with a 21.90% return vs 8.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJU or SPHQ?

SPHQ is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJU.

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

BSJU has the higher dividend yield at 6.66%, compared with 1.06% for SPHQ.

What is the main difference between BSJU and SPHQ?

BSJU is categorized as High Yield Bonds, while SPHQ is S&P 500. BSJU tracks Invesco BulletShares High Yield Corporate Bond 2030 Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.42% for BSJU and 0.15% for SPHQ.

Which has better risk-adjusted returns?

BSJU currently has the higher Sharpe Ratio (1.74 vs 1.68), 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.