BSJV vs. BSJO
Compare and contrast key facts about Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
BSJV and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSJV is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2031. It was launched on Sep 11, 2023. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016. Both BSJV and BSJO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSJV or BSJO.
Correlation
The correlation between BSJV and BSJO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSJV vs. BSJO - Performance Comparison
Key characteristics
BSJV:
1.04
BSJO:
5.47
BSJV:
1.51
BSJO:
9.96
BSJV:
1.18
BSJO:
2.53
BSJV:
2.07
BSJO:
17.21
BSJV:
5.30
BSJO:
94.69
BSJV:
1.06%
BSJO:
0.06%
BSJV:
5.43%
BSJO:
1.04%
BSJV:
-4.46%
BSJO:
-21.99%
BSJV:
-2.54%
BSJO:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with BSJV having a 5.26% return and BSJO slightly higher at 5.37%.
BSJV
5.26%
-0.97%
3.24%
5.65%
N/A
N/A
BSJO
5.37%
0.27%
2.30%
5.72%
2.86%
N/A
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BSJV vs. BSJO - Expense Ratio Comparison
Both BSJV and BSJO have an expense ratio of 0.42%.
Risk-Adjusted Performance
BSJV vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.
Dividends
BSJV vs. BSJO - Dividend Comparison
BSJV's dividend yield for the trailing twelve months is around 6.05%, more than BSJO's 5.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF | 6.05% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.38% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.69% | 1.39% |
Drawdowns
BSJV vs. BSJO - Drawdown Comparison
The maximum BSJV drawdown since its inception was -4.46%, smaller than the maximum BSJO drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for BSJV and BSJO. For additional features, visit the drawdowns tool.
Volatility
BSJV vs. BSJO - Volatility Comparison
Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) has a higher volatility of 1.46% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.19%. This indicates that BSJV's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.