BSJW vs. BBHY

Last updated Jun 5, 2026

BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJW tracks the Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past year, BSJW returned 6.85% vs 7.10% for BBHY. Their correlation of 0.94 suggests significant overlap in exposure. BSJW charges 0.42%/yr vs 0.15%/yr for BBHY.

Performance

BSJW vs. BBHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJW achieves a 0.89% return, which is significantly lower than BBHY's 1.73% return.

BSJW

• 1D: 0.10%
• 1M: 0.36%
• YTD: 0.89%
• 6M: 1.41%
• 1Y: 6.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBHY

• 1D: 0.15%
• 1M: 0.49%
• YTD: 1.73%
• 6M: 2.18%
• 1Y: 7.10%
• 3Y*: 8.76%
• 5Y*: 4.12%
• 10Y*: —

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

BSJW vs. BBHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF	0.89%	9.85%	3.62%
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.73%	8.51%	5.13%

Correlation

The correlation between BSJW and BBHY is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024	0.94

The correlation between BSJW and BBHY has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

BSJW vs. BBHY - Sectors Allocation Comparison

Sectors	BSJW	BBHY
Consumer Cyclical	9.3%	10.0%
Energy	6.4%	5.2%
Industrials	4.6%	8.4%
Communication Services	4.0%	7.9%
Financial Services	3.5%	4.1%
Healthcare	3.4%	5.4%
Technology	2.5%	4.0%
Consumer Defensive	2.4%	2.5%
Basic Materials	1.6%	3.2%
Real Estate	1.2%	3.9%
Utilities	0.9%	2.0%

Return for Risk

BSJW vs. BBHY — Risk / Return Rank

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

BSJW

BSJW Risk / Return Rank: 51
BSJW Sharpe Ratio Rank: 49
BSJW Sortino Ratio Rank: 54
BSJW Omega Ratio Rank: 54
BSJW Calmar Ratio Rank: 44
BSJW Martin Ratio Rank: 57

BBHY

BBHY Risk / Return Rank: 65
BBHY Sharpe Ratio Rank: 60
BBHY Sortino Ratio Rank: 66
BBHY Omega Ratio Rank: 65
BBHY Calmar Ratio Rank: 62
BBHY Martin Ratio Rank: 73

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.

BSJW vs. BBHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.

	BSJW	BBHY	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.97	-0.30
Sortino ratio: Return per unit of downside risk	2.57	2.99	-0.42
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.13	3.00	-0.87
Martin ratio: Return relative to average drawdown	9.78	13.50	-3.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSJW vs. BBHY - Sharpe Ratio Comparison

The current BSJW Sharpe Ratio is 1.67, which is comparable to the BBHY Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of BSJW and BBHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSJW	BBHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.97	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.64	+0.79

Drawdowns

BSJW vs. BBHY - Drawdown Comparison

The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for BSJW and BBHY.

Drawdown Indicators

	BSJW	BBHY	Difference
Max Drawdown Largest peak-to-trough decline	-4.52%	-24.98%	+20.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-2.37%	-0.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.32%	—
Current Drawdown Current decline from peak	-0.16%	-0.14%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.55%	-2.37%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.53%	+0.17%

Volatility

BSJW vs. BBHY - Volatility Comparison

Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) has a higher volatility of 1.22% compared to JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) at 1.13%. This indicates that BSJW's price experiences larger fluctuations and is considered to be riskier than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJW	BBHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	1.13%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.26%	2.85%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	3.62%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.11%	7.26%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	7.53%	-2.42%

BSJW vs. BBHY - Expense Ratio Comparison

BSJW has a 0.42% expense ratio, which is higher than BBHY's 0.15% expense ratio.

Dividends

BSJW vs. BBHY - Dividend Comparison

BSJW's dividend yield for the trailing twelve months is around 6.65%, less than BBHY's 6.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	6.94%	7.24%	7.18%	6.49%	5.92%	4.06%	4.73%	4.99%	5.02%	4.81%	1.42%
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF	6.65%	6.36%	4.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJW and BBHY in my portfolio?

With a correlation of 0.93, BSJW and BBHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BSJW or BBHY?

BSJW has higher volatility (1.22%) compared to BBHY (1.13%). In terms of maximum drawdown, BSJW dropped -4.52% vs BBHY's -24.98%.

Which ETF is better, BSJW or BBHY?

On 1-year performance, BBHY leads with 7.10% vs 6.85% for BSJW. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJW or BBHY?

Over the 1-year period, BBHY has performed better with a 7.10% return vs 6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJW or BBHY?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJW.

Which ETF pays a higher dividend yield, BSJW or BBHY?

BBHY has the higher dividend yield at 6.94%, compared with 6.65% for BSJW.

What is the main difference between BSJW and BBHY?

BSJW tracks Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.42% for BSJW and 0.15% for BBHY.

Which has better risk-adjusted returns?

BBHY currently has the higher Sharpe Ratio (1.97 vs 1.67), 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.