BSJW vs. FSYD

Last updated Jun 4, 2026

BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. BSJW is passively managed, while FSYD is actively managed. Over the past year, BSJW returned 7.00% vs 10.19% for FSYD. Their correlation of 0.90 suggests significant overlap in exposure. BSJW charges 0.42%/yr vs 0.55%/yr for FSYD.

Performance

BSJW vs. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJW achieves a 0.79% return, which is significantly lower than FSYD's 3.35% return.

BSJW

• 1D: -0.22%
• 1M: 0.36%
• YTD: 0.79%
• 6M: 1.15%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSYD

• 1D: -0.27%
• 1M: 0.75%
• YTD: 3.35%
• 6M: 3.97%
• 1Y: 10.19%
• 3Y*: 9.54%
• 5Y*: —
• 10Y*: —

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

BSJW vs. FSYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF	0.79%	9.85%	3.62%
FSYD Fidelity Sustainable High Yield ETF	3.35%	9.09%	5.11%

Correlation

The correlation between BSJW and FSYD is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024	0.90

The correlation between BSJW and FSYD has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

BSJW vs. FSYD - Sectors Allocation Comparison

Sectors	BSJW	FSYD
Consumer Cyclical	9.3%	-
Energy	6.4%	34.4%
Industrials	4.6%	-
Communication Services	4.0%	0.0%
Financial Services	3.5%	-
Healthcare	3.4%	94.6%
Technology	2.5%	5.4%
Consumer Defensive	2.4%	-
Basic Materials	1.6%	-
Real Estate	1.2%	-
Utilities	0.9%	-

Return for Risk

BSJW vs. FSYD — Risk / Return Rank

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

BSJW

BSJW Risk / Return Rank: 53
BSJW Sharpe Ratio Rank: 51
BSJW Sortino Ratio Rank: 56
BSJW Omega Ratio Rank: 55
BSJW Calmar Ratio Rank: 45
BSJW Martin Ratio Rank: 58

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 75
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 82
FSYD Calmar Ratio Rank: 76
FSYD Martin Ratio Rank: 78

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. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). 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	FSYD	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.49	-0.78
Sortino ratio: Return per unit of downside risk	2.62	3.79	-1.17
Omega ratio: Gain probability vs. loss probability	1.33	1.50	-0.17
Calmar ratio: Return relative to maximum drawdown	2.18	3.83	-1.65
Martin ratio: Return relative to average drawdown	9.99	15.34	-5.35
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. FSYD - Sharpe Ratio Comparison

The current BSJW Sharpe Ratio is 1.71, which is lower than the FSYD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BSJW and FSYD, 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	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.49	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.77	+0.65

Drawdowns

BSJW vs. FSYD - Drawdown Comparison

The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for BSJW and FSYD.

Drawdown Indicators

	BSJW	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-4.52%	-12.11%	+7.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-2.67%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	-0.26%	-0.27%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.55%	-2.40%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.67%	+0.03%

Volatility

BSJW vs. FSYD - Volatility Comparison

Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) has a higher volatility of 1.22% compared to Fidelity Sustainable High Yield ETF (FSYD) at 1.12%. This indicates that BSJW's price experiences larger fluctuations and is considered to be riskier than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJW	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	1.12%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	3.26%	3.13%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	4.12%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	7.85%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	7.85%	-2.73%

BSJW vs. FSYD - Expense Ratio Comparison

BSJW has a 0.42% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

BSJW vs. FSYD - Dividend Comparison

BSJW's dividend yield for the trailing twelve months is around 6.65%, more than FSYD's 6.32% yield.

Position	TTM	2025	2024	2023	2022
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF	6.65%	6.36%	4.15%	0.00%	0.00%
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%

Frequently Asked Questions

Can I hold both BSJW and FSYD in my portfolio?

BSJW and FSYD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJW or FSYD?

BSJW has higher volatility (1.22%) compared to FSYD (1.12%). In terms of maximum drawdown, BSJW dropped -4.52% vs FSYD's -12.11%.

Which ETF is better, BSJW or FSYD?

On 1-year performance, FSYD leads with 10.19% vs 7.00% for BSJW. On fees, BSJW is cheaper at 0.42% per year. On volatility, FSYD has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJW or FSYD?

Over the 1-year period, FSYD has performed better with a 10.19% return vs 7.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJW or FSYD?

BSJW is cheaper with a 0.42% expense ratio, compared with 0.55% for FSYD.

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

BSJW has the higher dividend yield at 6.65%, compared with 6.32% for FSYD.

What is the main difference between BSJW and FSYD?

They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.42% for BSJW and 0.55% for FSYD.

Which has better risk-adjusted returns?

FSYD currently has the higher Sharpe Ratio (2.49 vs 1.71), 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.