BSJV vs. XMMO
BSJV (Invesco BulletShares 2031 High Yield Corporate Bond ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - BSJV is a High Yield Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2031, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past year, BSJV returned 5.61% vs 36.84% for XMMO. A 0.61 correlation means they provide meaningful diversification when combined. BSJV charges 0.42%/yr vs 0.35%/yr for XMMO.
Performance
BSJV vs. XMMO - Performance Comparison
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Returns By Period
In the year-to-date period, BSJV achieves a 1.05% return, which is significantly lower than XMMO's 23.99% return.
BSJV
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 1.05%
- 6M
- 1.26%
- 1Y
- 5.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XMMO
- 1D
- 1.28%
- 1M
- 1.16%
- YTD
- 23.99%
- 6M
- 21.23%
- 1Y
- 36.84%
- 3Y*
- 31.28%
- 5Y*
- 15.91%
- 10Y*
- 20.61%
BSJV vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF | 1.05% | 9.50% | 5.66% | 7.24% |
XMMO Invesco S&P MidCap Momentum ETF | 23.99% | 13.04% | 38.03% | 10.53% |
Correlation
The correlation between BSJV and XMMO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.61 |
The correlation between BSJV and XMMO has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
BSJV vs. XMMO — Risk / Return Rank
BSJV
XMMO
BSJV vs. XMMO - 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 Invesco S&P MidCap Momentum ETF (XMMO). 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 | XMMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 4.44 | -2.69 |
| Martin ratioReturn relative to average drawdown | 7.48 | 17.51 | -10.03 |
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Drawdowns
BSJV vs. XMMO - Drawdown Comparison
The maximum BSJV drawdown since its inception was -5.22%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for BSJV and XMMO.
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Drawdown Indicators
| BSJV | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.22% | -55.37% | +50.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -8.34% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.74% | — |
Current DrawdownCurrent decline from peak | -0.46% | -1.55% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -9.43% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 2.11% | -1.36% |
Volatility
BSJV vs. XMMO - Volatility Comparison
The current volatility for Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) is 1.16%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 8.13%. This indicates that BSJV experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJV | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 8.13% | -6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 16.74% | -13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 19.94% | -15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 21.65% | -15.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 22.32% | -16.19% |
BSJV vs. XMMO - Expense Ratio Comparison
BSJV has a 0.42% expense ratio, which is higher than XMMO's 0.35% expense ratio.
Dividends
BSJV vs. XMMO - Dividend Comparison
BSJV's dividend yield for the trailing twelve months is around 6.61%, more than XMMO's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF | 6.61% | 6.52% | 6.67% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.56% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Frequently Asked Questions
BSJV and XMMO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMMO has higher volatility (8.13%) compared to BSJV (1.16%). In terms of maximum drawdown, BSJV dropped -5.22% vs XMMO's -55.37%.
On 1-year performance, XMMO leads with 36.84% vs 5.61% for BSJV. On fees, XMMO is cheaper at 0.35% per year. On volatility, BSJV has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XMMO has performed better with a 36.84% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMMO is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJV.
BSJV has the higher dividend yield at 6.61%, compared with 0.56% for XMMO.
BSJV is categorized as High Yield Bonds, while XMMO is Momentum. BSJV tracks NASDAQ BulletShares USD Corporate Bond 2031, while XMMO tracks S&P MidCap 400 Momentum Index. Their fees differ too: 0.42% for BSJV and 0.35% for XMMO.
XMMO currently has the higher Sharpe Ratio (1.86 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.
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