BSJW vs. QQQ

Last updated Jun 4, 2026

BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and QQQ (Invesco QQQ 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 QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, BSJW returned 7.00% vs 41.82% for QQQ. A 0.60 correlation means they provide meaningful diversification when combined. BSJW charges 0.42%/yr vs 0.18%/yr for QQQ.

Performance

BSJW vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 QQQ's 21.30% return.

BSJW

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

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

BSJW vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF	0.79%	9.85%	3.62%
QQQ Invesco QQQ ETF	21.30%	20.77%	8.32%

Correlation

The correlation between BSJW and QQQ is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024	0.60

The correlation between BSJW and QQQ has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.

BSJW vs. QQQ - Sectors Allocation Comparison

Sectors	BSJW	QQQ
Consumer Cyclical	9.3%	12.3%
Energy	6.4%	0.6%
Industrials	4.6%	2.8%
Communication Services	4.0%	15.8%
Financial Services	3.5%	0.2%
Healthcare	3.4%	4.2%
Technology	2.5%	53.8%
Consumer Defensive	2.4%	7.7%
Basic Materials	1.6%	1.1%
Real Estate	1.2%	0.1%
Utilities	0.9%	1.4%

Return for Risk

BSJW vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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. QQQ - 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 QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.64	-0.93
Sortino ratio: Return per unit of downside risk	2.62	3.45	-0.83
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	2.18	3.51	-1.33
Martin ratio: Return relative to average drawdown	9.99	13.49	-3.50
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. QQQ - Sharpe Ratio Comparison

The current BSJW Sharpe Ratio is 1.71, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BSJW and QQQ, 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	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.64	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.41	+1.01

Drawdowns

BSJW vs. QQQ - Drawdown Comparison

The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BSJW and QQQ.

Drawdown Indicators

	BSJW	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-4.52%	-82.97%	+78.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-11.96%	+8.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-0.26%	-0.26%	0.00%
Average Drawdown Average peak-to-trough decline	-0.55%	-32.79%	+32.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	3.11%	-2.41%

Volatility

BSJW vs. QQQ - Volatility Comparison

The current volatility for Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) is 1.22%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that BSJW experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJW	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	4.49%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	3.26%	12.10%	-8.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	15.94%	-11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	22.38%	-17.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	22.29%	-17.17%

BSJW vs. QQQ - Expense Ratio Comparison

BSJW has a 0.42% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

BSJW vs. QQQ - Dividend Comparison

BSJW's dividend yield for the trailing twelve months is around 6.65%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both BSJW and QQQ in my portfolio?

BSJW and QQQ have a correlation of 0.63, 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 QQQ?

QQQ has higher volatility (4.49%) compared to BSJW (1.22%). In terms of maximum drawdown, BSJW dropped -4.52% vs QQQ's -82.97%.

Which ETF is better, BSJW or QQQ?

On 1-year performance, QQQ leads with 41.82% vs 7.00% for BSJW. On fees, QQQ is cheaper at 0.18% per year. On volatility, BSJW has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJW or QQQ?

Over the 1-year period, QQQ has performed better with a 41.82% 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 QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.42% for BSJW.

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

BSJW has the higher dividend yield at 6.65%, compared with 0.38% for QQQ.

What is the main difference between BSJW and QQQ?

BSJW is categorized as High Yield Bonds, while QQQ is Nasdaq-100. BSJW tracks Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.42% for BSJW and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 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.