BSJV vs. JPHY

Last updated Jun 26, 2026

BSJV (Invesco BulletShares 2031 High Yield Corporate Bond ETF) and JPHY (JPMorgan High Yield Research Enhanced ETF) are both High Yield Bonds funds. BSJV is passively managed, while JPHY is actively managed. Over the past year, BSJV returned 5.61% vs 6.32% for JPHY. Their correlation of 0.83 suggests significant overlap in exposure. BSJV charges 0.42%/yr vs 0.24%/yr for JPHY.

Performance

BSJV vs. JPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) and JPMorgan High Yield Research Enhanced ETF (JPHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJV achieves a 1.05% return, which is significantly lower than JPHY's 2.24% return.

BSJV

• 1D: 0.00%
• 1M: 0.08%
• YTD: 1.05%
• 6M: 1.26%
• 1Y: 5.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPHY

• 1D: 0.02%
• 1M: 0.26%
• YTD: 2.24%
• 6M: 2.21%
• 1Y: 6.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSJV vs. JPHY - Yearly Performance Comparison

	2026 (YTD)	2025
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF	1.05%	4.33%
JPHY JPMorgan High Yield Research Enhanced ETF	2.24%	4.06%

Correlation

The correlation between BSJV and JPHY is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.83

The correlation between BSJV and JPHY has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

BSJV vs. JPHY — Risk / Return Rank

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

BSJV

BSJV Risk / Return Rank: 42
BSJV Sharpe Ratio Rank: 40
BSJV Sortino Ratio Rank: 41
BSJV Omega Ratio Rank: 40
BSJV Calmar Ratio Rank: 38
BSJV Martin Ratio Rank: 49

JPHY

JPHY Risk / Return Rank: 84
JPHY Sharpe Ratio Rank: 76
JPHY Sortino Ratio Rank: 86
JPHY Omega Ratio Rank: 84
JPHY Calmar Ratio Rank: 82
JPHY Martin Ratio Rank: 90

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.

BSJV vs. JPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) 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.

	BSJV	JPHY	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.12	-0.83
Sortino ratio: Return per unit of downside risk	1.91	3.36	-1.44
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.19
Calmar ratio: Return relative to maximum drawdown	1.75	3.85	-2.10
Martin ratio: Return relative to average drawdown	7.48	17.77	-10.29

BSJV vs. JPHY - Sharpe Ratio Comparison

The current BSJV Sharpe Ratio is 1.29, which is lower than the JPHY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of BSJV 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

BSJV vs. JPHY - Drawdown Comparison

The maximum BSJV drawdown since its inception was -5.22%, which is greater than JPHY's maximum drawdown of -1.65%. Use the drawdown chart below to compare losses from any high point for BSJV and JPHY.

Drawdown Indicators

	BSJV	JPHY	Difference
Max Drawdown Largest peak-to-trough decline	-5.22%	-1.65%	-3.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.21%	-1.65%	-1.56%
Current Drawdown Current decline from peak	-0.46%	-0.13%	-0.33%
Average Drawdown Average peak-to-trough decline	-0.78%	-0.21%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	0.36%	+0.39%

Volatility

BSJV vs. JPHY - Volatility Comparison

Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) has a higher volatility of 1.16% compared to JPMorgan High Yield Research Enhanced ETF (JPHY) at 0.61%. This indicates that BSJV'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

	BSJV	JPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	0.61%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	3.43%	2.31%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	3.00%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	3.00%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.13%	3.00%	+3.13%

BSJV vs. JPHY - Expense Ratio Comparison

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

Dividends

BSJV vs. JPHY - Dividend Comparison

BSJV's dividend yield for the trailing twelve months is around 6.61%, more than JPHY's 5.91% yield.

Position	TTM	2025	2024	2023
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF	6.61%	6.52%	6.67%	1.62%
JPHY JPMorgan High Yield Research Enhanced ETF	5.91%	3.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJV and JPHY in my portfolio?

BSJV and JPHY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJV or JPHY?

BSJV has higher volatility (1.16%) compared to JPHY (0.61%). In terms of maximum drawdown, BSJV dropped -5.22% vs JPHY's -1.65%.

Which ETF is better, BSJV or JPHY?

On 1-year performance, JPHY leads with 6.32% vs 5.61% for BSJV. On fees, JPHY is cheaper at 0.24% per year. On volatility, JPHY has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJV or JPHY?

Over the 1-year period, JPHY has performed better with a 6.32% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJV or JPHY?

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

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

BSJV has the higher dividend yield at 6.61%, compared with 5.91% for JPHY.

What is the main difference between BSJV and JPHY?

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

Which has better risk-adjusted returns?

JPHY currently has the higher Sharpe Ratio (2.12 vs 1.29), 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.