BSJV vs. SPHY
Compare and contrast key facts about Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) and SPDR Portfolio High Yield Bond ETF (SPHY).
BSJV and SPHY 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both BSJV and SPHY 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 SPHY.
Correlation
The correlation between BSJV and SPHY is 0.85, 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.
Performance
BSJV vs. SPHY - Performance Comparison
Key characteristics
BSJV:
1.04
SPHY:
2.05
BSJV:
1.51
SPHY:
2.93
BSJV:
1.18
SPHY:
1.38
BSJV:
2.07
SPHY:
3.75
BSJV:
5.30
SPHY:
15.03
BSJV:
1.06%
SPHY:
0.57%
BSJV:
5.43%
SPHY:
4.18%
BSJV:
-4.46%
SPHY:
-21.97%
BSJV:
-2.54%
SPHY:
-1.51%
Returns By Period
In the year-to-date period, BSJV achieves a 5.26% return, which is significantly lower than SPHY's 7.88% return.
BSJV
5.26%
-0.97%
3.24%
5.65%
N/A
N/A
SPHY
7.88%
-0.48%
4.79%
8.16%
4.26%
4.50%
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BSJV vs. SPHY - Expense Ratio Comparison
BSJV has a 0.42% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
BSJV vs. SPHY - 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 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.
Dividends
BSJV vs. SPHY - Dividend Comparison
BSJV's dividend yield for the trailing twelve months is around 6.05%, less than SPHY's 7.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.18% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
BSJV vs. SPHY - Drawdown Comparison
The maximum BSJV drawdown since its inception was -4.46%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BSJV and SPHY. For additional features, visit the drawdowns tool.
Volatility
BSJV vs. SPHY - Volatility Comparison
Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) has a higher volatility of 1.46% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.29%. This indicates that BSJV'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.