BSJW vs. IDMO
BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and IDMO (Invesco S&P International Developed Momentum 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 IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past year, BSJW returned 6.21% vs 20.05% for IDMO. A 0.59 correlation means they provide meaningful diversification when combined. BSJW charges 0.42%/yr vs 0.25%/yr for IDMO.
Performance
BSJW vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, BSJW achieves a 1.54% return, which is significantly lower than IDMO's 7.56% return.
BSJW
- 1D
- 0.08%
- 1M
- 0.81%
- 6M
- 0.96%
- YTD
- 1.54%
- 1Y
- 6.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDMO
- 1D
- -0.66%
- 1M
- -2.44%
- 6M
- 4.42%
- YTD
- 7.56%
- 1Y
- 20.05%
- 3Y*
- 24.23%
- 5Y*
- 15.34%
- 10Y*
- 12.40%
BSJW vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 1.54% | 9.85% | 3.62% |
IDMO Invesco S&P International Developed Momentum ETF | 7.56% | 42.17% | -0.12% |
Correlation
The correlation between BSJW and IDMO is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.59 |
The correlation between BSJW and IDMO has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
BSJW vs. IDMO — Risk / Return Rank
BSJW
IDMO
BSJW vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.64 | +0.30 |
| Martin ratioReturn relative to average drawdown | 8.88 | 6.39 | +2.48 |
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Drawdowns
BSJW vs. IDMO - Drawdown Comparison
The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for BSJW and IDMO.
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Drawdown Indicators
| BSJW | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.52% | -39.38% | +34.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -12.31% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.34% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.56% | +4.56% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -9.70% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 3.14% | -2.44% |
Volatility
BSJW vs. IDMO - Volatility Comparison
The current volatility for Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) is 0.88%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.90%. This indicates that BSJW experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJW | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 5.90% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 16.88% | -13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 18.54% | -14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 18.13% | -13.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 17.89% | -12.86% |
BSJW vs. IDMO - Expense Ratio Comparison
BSJW has a 0.42% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
BSJW vs. IDMO - Dividend Comparison
BSJW's dividend yield for the trailing twelve months is around 6.59%, more than IDMO's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 6.59% | 6.36% | 4.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 3.72% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
BSJW and IDMO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (5.90%) compared to BSJW (0.88%). In terms of maximum drawdown, BSJW dropped -4.52% vs IDMO's -39.38%.
On 1-year performance, IDMO leads with 20.05% vs 6.21% for BSJW. On fees, IDMO is cheaper at 0.25% per year. On volatility, BSJW has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IDMO has performed better with a 20.05% return vs 6.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.42% for BSJW.
BSJW has the higher dividend yield at 6.59%, compared with 3.72% for IDMO.
BSJW is categorized as High Yield Bonds, while IDMO is Momentum. BSJW tracks Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.42% for BSJW and 0.25% for IDMO.
BSJW currently has the higher Sharpe Ratio (1.50 vs 1.09), 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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