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BSJU vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BSJU and SPHY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

BSJU vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

14.00%16.00%18.00%20.00%22.00%JulyAugustSeptemberOctoberNovemberDecember
19.54%
21.53%
BSJU
SPHY

Key characteristics

Sharpe Ratio

BSJU:

1.45

SPHY:

1.85

Sortino Ratio

BSJU:

2.11

SPHY:

2.66

Omega Ratio

BSJU:

1.26

SPHY:

1.34

Calmar Ratio

BSJU:

2.93

SPHY:

3.42

Martin Ratio

BSJU:

10.25

SPHY:

13.61

Ulcer Index

BSJU:

0.71%

SPHY:

0.57%

Daily Std Dev

BSJU:

4.97%

SPHY:

4.21%

Max Drawdown

BSJU:

-7.51%

SPHY:

-21.97%

Current Drawdown

BSJU:

-1.41%

SPHY:

-0.98%

Returns By Period

The year-to-date returns for both investments are quite close, with BSJU having a 8.15% return and SPHY slightly higher at 8.46%.


BSJU

YTD

8.15%

1M

-0.94%

6M

4.86%

1Y

7.69%

5Y*

N/A

10Y*

N/A

SPHY

YTD

8.46%

1M

-0.58%

6M

5.58%

1Y

8.18%

5Y*

4.31%

10Y*

4.55%

*Annualized

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BSJU vs. SPHY - Expense Ratio Comparison

BSJU has a 0.42% expense ratio, which is higher than SPHY's 0.10% expense ratio.


Expense ratio chart for BSJU: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%
Expense ratio chart for SPHY: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

Risk-Adjusted Performance

BSJU vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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.


The chart of Sharpe ratio for BSJU, currently valued at 1.45, compared to the broader market0.002.004.001.451.85
The chart of Sortino ratio for BSJU, currently valued at 2.11, compared to the broader market-2.000.002.004.006.008.0010.002.112.66
The chart of Omega ratio for BSJU, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.34
The chart of Calmar ratio for BSJU, currently valued at 2.92, compared to the broader market0.005.0010.0015.002.933.42
The chart of Martin ratio for BSJU, currently valued at 10.25, compared to the broader market0.0020.0040.0060.0080.00100.0010.2513.61
BSJU
SPHY

The current BSJU Sharpe Ratio is 1.45, which is comparable to the SPHY Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BSJU and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.45
1.85
BSJU
SPHY

Dividends

BSJU vs. SPHY - Dividend Comparison

BSJU's dividend yield for the trailing twelve months is around 7.08%, less than SPHY's 7.81% yield.


TTM20232022202120202019201820172016201520142013
BSJU
Invesco Bulletshares 2030 High Yield Corporate Bond ETF
7.08%6.74%2.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPHY
SPDR Portfolio High Yield Bond ETF
7.81%7.30%6.46%5.13%5.63%5.73%4.09%4.41%4.28%4.29%3.98%4.40%

Drawdowns

BSJU vs. SPHY - Drawdown Comparison

The maximum BSJU drawdown since its inception was -7.51%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BSJU and SPHY. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.41%
-0.98%
BSJU
SPHY

Volatility

BSJU vs. SPHY - Volatility Comparison

Invesco Bulletshares 2030 High Yield Corporate Bond ETF (BSJU) has a higher volatility of 1.68% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.49%. This indicates that BSJU's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.80%1.00%1.20%1.40%1.60%1.80%JulyAugustSeptemberOctoberNovemberDecember
1.68%
1.49%
BSJU
SPHY