BSJX vs. BBHY
BSJX (Invesco BulletShares 2033 High Yield Corporate Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJX tracks the IVZ BulletShares USD High Yield Corporate Bond 2033 Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past year, BSJX returned 6.07% vs 6.28% for BBHY. Their correlation of 0.93 suggests significant overlap in exposure. BSJX charges 0.42%/yr vs 0.15%/yr for BBHY.
Performance
BSJX vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, BSJX achieves a 1.47% return, which is significantly lower than BBHY's 1.90% return.
BSJX
- 1D
- -0.04%
- 1M
- 0.28%
- YTD
- 1.47%
- 6M
- 1.42%
- 1Y
- 6.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 1.90%
- 6M
- 1.89%
- 1Y
- 6.28%
- 3Y*
- 8.81%
- 5Y*
- 3.99%
- 10Y*
- —
BSJX vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF | 1.47% | 5.46% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.90% | 5.19% |
Correlation
The correlation between BSJX and BBHY 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 11, 2025 | 0.93 |
The correlation between BSJX and BBHY has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
BSJX vs. BBHY — Risk / Return Rank
BSJX
BBHY
BSJX vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
| BSJX | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.66 | -0.87 |
| Martin ratioReturn relative to average drawdown | 8.03 | 11.84 | -3.81 |
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Drawdowns
BSJX vs. BBHY - Drawdown Comparison
The maximum BSJX drawdown since its inception was -3.40%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for BSJX and BBHY.
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Drawdown Indicators
| BSJX | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.40% | -24.98% | +21.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -2.37% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.13% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -2.36% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.53% | +0.23% |
Volatility
BSJX vs. BBHY - Volatility Comparison
Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) has a higher volatility of 1.08% compared to JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) at 1.00%. This indicates that BSJX's price experiences larger fluctuations and is considered to be riskier than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJX | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.00% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 2.94% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 3.67% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 7.28% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 7.51% | -3.22% |
BSJX vs. BBHY - Expense Ratio Comparison
BSJX has a 0.42% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
BSJX vs. BBHY - Dividend Comparison
BSJX's dividend yield for the trailing twelve months is around 6.89%, which matches BBHY's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.92% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF | 6.89% | 4.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, BSJX and BBHY 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.
BSJX has higher volatility (1.08%) compared to BBHY (1.00%). In terms of maximum drawdown, BSJX dropped -3.40% vs BBHY's -24.98%.
On 1-year performance, BBHY leads with 6.28% vs 6.07% for BSJX. On fees, BBHY 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, BBHY has performed better with a 6.28% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJX.
BBHY has the higher dividend yield at 6.92%, compared with 6.89% for BSJX.
BSJX tracks IVZ BulletShares USD High Yield Corporate Bond 2033 Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.42% for BSJX and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.72 vs 1.41), 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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