BSJW vs. FAAR
BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - BSJW is a High Yield Bonds fund tracking the Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while FAAR is a Commodities fund actively managed by First Trust. BSJW is passively managed, while FAAR is actively managed. Over the past year, BSJW returned 6.11% vs 28.33% for FAAR. At a correlation of -0.03, they often move in opposite directions. BSJW charges 0.42%/yr vs 0.95%/yr for FAAR.
Performance
BSJW vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, BSJW achieves a 0.98% return, which is significantly lower than FAAR's 19.14% return.
BSJW
- 1D
- 0.04%
- 1M
- 0.50%
- YTD
- 0.98%
- 6M
- 1.21%
- 1Y
- 6.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -0.91%
- 1M
- -5.21%
- YTD
- 19.14%
- 6M
- 18.06%
- 1Y
- 28.33%
- 3Y*
- 10.57%
- 5Y*
- 7.72%
- 10Y*
- 4.69%
BSJW vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 0.98% | 9.85% | 3.62% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 2.12% |
Correlation
The correlation between BSJW and FAAR is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | -0.03 |
The correlation between BSJW and FAAR shifts across timeframes, from -0.15 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSJW vs. FAAR — Risk / Return Rank
BSJW
FAAR
BSJW vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| BSJW | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.52 | -2.62 |
| Martin ratioReturn relative to average drawdown | 8.67 | 15.18 | -6.51 |
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Drawdowns
BSJW vs. FAAR - Drawdown Comparison
The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for BSJW and FAAR.
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Drawdown Indicators
| BSJW | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.52% | -18.03% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -6.29% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.25% | -6.29% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -7.82% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.87% | -1.16% |
Volatility
BSJW vs. FAAR - Volatility Comparison
The current volatility for Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) is 1.16%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.55%. This indicates that BSJW experiences smaller price fluctuations and is considered to be less risky than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJW | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.55% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 9.68% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 13.38% | -9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 12.96% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 11.54% | -6.44% |
BSJW vs. FAAR - Expense Ratio Comparison
BSJW has a 0.42% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
BSJW vs. FAAR - Dividend Comparison
BSJW's dividend yield for the trailing twelve months is around 6.63%, less than FAAR's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 6.63% | 6.36% | 4.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.66% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Frequently Asked Questions
BSJW and FAAR have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAAR has higher volatility (2.55%) compared to BSJW (1.16%). In terms of maximum drawdown, BSJW dropped -4.52% vs FAAR's -18.03%.
On 1-year performance, FAAR leads with 28.33% vs 6.11% for BSJW. On fees, BSJW is cheaper at 0.42% per year. On volatility, BSJW 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, FAAR has performed better with a 28.33% return vs 6.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJW is cheaper with a 0.42% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 6.63% for BSJW.
BSJW is categorized as High Yield Bonds, while FAAR is Commodities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.42% for BSJW and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.15 vs 1.46), 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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