BSJW vs. UGA
BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BSJW is a High Yield Bonds fund tracking the Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past year, BSJW returned 7.00% vs 80.94% for UGA. At a correlation of -0.12, they often move in opposite directions. BSJW charges 0.42%/yr vs 0.75%/yr for UGA.
Performance
BSJW vs. UGA - 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 UGA's 75.49% return.
BSJW
- 1D
- -0.22%
- 1M
- 0.36%
- YTD
- 0.79%
- 6M
- 1.15%
- 1Y
- 7.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
BSJW vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 0.79% | 9.85% | 3.62% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | -1.75% |
Correlation
The correlation between BSJW and UGA is -0.34, 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 | -0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | -0.12 |
Over the past year, the inverse relationship between BSJW and UGA has strengthened: their correlation has moved from -0.12 to -0.34, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BSJW vs. UGA — Risk / Return Rank
BSJW
UGA
BSJW vs. UGA - 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 United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 5.47 | -3.29 |
| Martin ratioReturn relative to average drawdown | 9.99 | 13.25 | -3.26 |
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 | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.32 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.12 | +1.30 |
Drawdowns
BSJW vs. UGA - Drawdown Comparison
The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BSJW and UGA.
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Drawdown Indicators
| BSJW | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.52% | -86.59% | +82.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -14.88% | +11.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -0.26% | -12.35% | +12.09% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -36.76% | +36.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 6.13% | -5.43% |
Volatility
BSJW vs. UGA - Volatility Comparison
The current volatility for Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) is 1.22%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that BSJW experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJW | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 11.66% | -10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 30.41% | -27.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 35.14% | -31.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 34.38% | -29.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 37.27% | -32.15% |
BSJW vs. UGA - Expense Ratio Comparison
BSJW has a 0.42% expense ratio, which is lower than UGA's 0.75% expense ratio.
Dividends
BSJW vs. UGA - Dividend Comparison
BSJW's dividend yield for the trailing twelve months is around 6.65%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 6.65% | 6.36% | 4.15% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSJW and UGA have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to BSJW (1.22%). In terms of maximum drawdown, BSJW dropped -4.52% vs UGA's -86.59%.
On 1-year performance, UGA leads with 80.94% vs 7.00% for BSJW. On fees, BSJW is cheaper at 0.42% 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.
Over the 1-year period, UGA has performed better with a 80.94% return vs 7.00%. 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 0.75% for UGA.
BSJW has the higher dividend yield at 6.65%, compared with 0.00% for UGA.
BSJW is categorized as High Yield Bonds, while UGA is Oil & Gas. BSJW tracks Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Invesco and Concierge Technologies. Their fees differ too: 0.42% for BSJW and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 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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