BSJV vs. PHYD
BSJV (Invesco BulletShares 2031 High Yield Corporate Bond ETF) and PHYD (Putnam ESG High Yield ETF -) are both High Yield Bonds funds. BSJV is passively managed, while PHYD is actively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. BSJV charges 0.42%/yr vs 0.55%/yr for PHYD.
Performance
BSJV vs. PHYD - Performance Comparison
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Returns By Period
BSJV
- 1D
- -0.29%
- 1M
- -0.34%
- 6M
- 0.88%
- YTD
- 1.37%
- 1Y
- 4.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.30%
PHYD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.11M | $791.27K |
BSJV vs. PHYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF | 1.37% | 9.50% | 5.66% | 7.24% |
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 6.13% |
Correlation
The correlation between BSJV and PHYD is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.77 |
The correlation between BSJV and PHYD has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
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Return for Risk
BSJV vs. PHYD — Risk / Return Rank
BSJV
PHYD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSJV vs. PHYD - 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 Putnam ESG High Yield ETF - (PHYD). 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 | PHYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | — | — |
| Martin ratioReturn relative to average drawdown | 6.30 | — | — |
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Drawdowns
BSJV vs. PHYD - Drawdown Comparison
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Drawdown Indicators
| BSJV | PHYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.22% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.77% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | — | — |
Volatility
BSJV vs. PHYD - Volatility Comparison
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Volatility by Period
| BSJV | PHYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | — | — |
BSJV vs. PHYD - Expense Ratio Comparison
BSJV has a 0.42% expense ratio, which is lower than PHYD's 0.55% expense ratio.
Dividends
BSJV vs. PHYD - Dividend Comparison
BSJV's dividend yield for the trailing twelve months is around 6.61%, while PHYD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF | 6.61% | 6.52% | 6.67% | 1.62% |
PHYD Putnam ESG High Yield ETF - | 8.00% | 6.63% | 6.80% | 6.15% |
Frequently Asked Questions
BSJV and PHYD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSJV is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSJV is cheaper with a 0.42% expense ratio, compared with 0.55% for PHYD.
PHYD has the higher dividend yield at 8.00%, compared with 6.61% for BSJV.
They also come from different issuers: Invesco and Putnam. Their fees differ too: 0.42% for BSJV and 0.55% for PHYD.
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