BSJW vs. HYLB
BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and HYLB (Xtrackers 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 HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past year, BSJW returned 7.00% vs 6.87% for HYLB. Their correlation of 0.94 suggests significant overlap in exposure. BSJW charges 0.42%/yr vs 0.15%/yr for HYLB.
Performance
BSJW vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, BSJW achieves a 0.79% return, which is significantly lower than HYLB's 1.53% return.
BSJW
- 1D
- -0.22%
- 1M
- 0.36%
- YTD
- 0.79%
- 6M
- 1.15%
- 1Y
- 7.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- -0.18%
- 1M
- 0.38%
- YTD
- 1.53%
- 6M
- 2.00%
- 1Y
- 6.87%
- 3Y*
- 8.72%
- 5Y*
- 4.04%
- 10Y*
- —
BSJW vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 0.79% | 9.85% | 3.62% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.53% | 8.74% | 5.39% |
Correlation
The correlation between BSJW and HYLB 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 HYLB has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
BSJW vs. HYLB — Risk / Return Rank
BSJW
HYLB
BSJW vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.04 | -0.86 |
| Martin ratioReturn relative to average drawdown | 9.99 | 13.06 | -3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSJW | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.86 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.58 | +0.84 |
Drawdowns
BSJW vs. HYLB - Drawdown Comparison
The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for BSJW and HYLB.
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Drawdown Indicators
| BSJW | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.52% | -22.91% | +18.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.27% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.19% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.43% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.53% | +0.17% |
Volatility
BSJW vs. HYLB - Volatility Comparison
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) and Xtrackers USD High Yield Corporate Bond ETF (HYLB) have volatilities of 1.22% and 1.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJW | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.20% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 2.93% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.70% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 7.47% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 8.18% | -3.06% |
BSJW vs. HYLB - Expense Ratio Comparison
BSJW has a 0.42% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
BSJW vs. HYLB - Dividend Comparison
BSJW's dividend yield for the trailing twelve months is around 6.65%, more than HYLB's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.49% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
Frequently Asked Questions
With a correlation of 0.93, BSJW and HYLB 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.
BSJW has higher volatility (1.22%) compared to HYLB (1.20%). In terms of maximum drawdown, BSJW dropped -4.52% vs HYLB's -22.91%.
On 1-year performance, BSJW leads with 7.00% vs 6.87% for HYLB. On fees, HYLB 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.
Over the 1-year period, BSJW has performed better with a 7.00% return vs 6.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJW.
BSJW has the higher dividend yield at 6.65%, compared with 6.49% for HYLB.
BSJW tracks Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.42% for BSJW and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.86 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.
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