BSJX vs. BSJR

Last updated Jun 13, 2026

BSJX (Invesco BulletShares 2033 High Yield Corporate Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds from Invesco - BSJX tracks the IVZ BulletShares USD High Yield Corporate Bond 2033 Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past year, BSJX returned 6.98% vs 4.97% for BSJR. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.42% expense ratio.

Performance

BSJX vs. BSJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJX achieves a 1.46% return, which is significantly higher than BSJR's 1.36% return.

BSJX

• 1D: 0.04%
• 1M: 0.61%
• YTD: 1.46%
• 6M: 1.95%
• 1Y: 6.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSJR

• 1D: 0.00%
• 1M: 0.23%
• YTD: 1.36%
• 6M: 1.97%
• 1Y: 4.97%
• 3Y*: 7.76%
• 5Y*: 3.31%
• 10Y*: —

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

BSJX vs. BSJR - Yearly Performance Comparison

	2026 (YTD)	2025
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	1.46%	5.46%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.36%	3.45%

Correlation

The correlation between BSJX and BSJR is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.83

The correlation between BSJX and BSJR has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

BSJX vs. BSJR - Sectors Allocation Comparison

Sectors	BSJX	BSJR
Energy	9.6%	4.3%
Consumer Cyclical	8.2%	11.7%
Technology	6.3%	1.6%
Industrials	6.1%	10.5%
Communication Services	3.7%	6.0%
Basic Materials	3.4%	1.6%
Healthcare	3.1%	2.7%
Financial Services	2.8%	15.2%
Utilities	2.7%	0.8%
Consumer Defensive	1.9%	1.8%
Real Estate	1.3%	4.2%

Return for Risk

BSJX vs. BSJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSJX

BSJX Risk / Return Rank: 54
BSJX Sharpe Ratio Rank: 53
BSJX Sortino Ratio Rank: 57
BSJX Omega Ratio Rank: 55
BSJX Calmar Ratio Rank: 46
BSJX Martin Ratio Rank: 58

BSJR

BSJR Risk / Return Rank: 88
BSJR Sharpe Ratio Rank: 84
BSJR Sortino Ratio Rank: 90
BSJR Omega Ratio Rank: 88
BSJR Calmar Ratio Rank: 86
BSJR Martin Ratio Rank: 91

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.

BSJX vs. BSJR - 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 Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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	BSJR	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.37	-0.75
Sortino ratio: Return per unit of downside risk	2.44	3.69	-1.25
Omega ratio: Gain probability vs. loss probability	1.31	1.48	-0.17
Calmar ratio: Return relative to maximum drawdown	2.06	4.29	-2.23
Martin ratio: Return relative to average drawdown	9.24	19.60	-10.36

BSJX vs. BSJR - Sharpe Ratio Comparison

The current BSJX Sharpe Ratio is 1.62, which is lower than the BSJR Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BSJX and BSJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSJX vs. BSJR - Drawdown Comparison

The maximum BSJX drawdown since its inception was -3.40%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for BSJX and BSJR.

Drawdown Indicators

	BSJX	BSJR	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-22.58%	+19.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.40%	-1.16%	-2.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.37%	—
Current Drawdown Current decline from peak	-0.20%	-0.02%	-0.18%
Average Drawdown Average peak-to-trough decline	-0.44%	-3.24%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.25%	+0.51%

Volatility

BSJX vs. BSJR - Volatility Comparison

Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) has a higher volatility of 1.33% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.63%. This indicates that BSJX's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJX	BSJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	0.63%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	1.49%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.33%	2.11%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.32%	6.73%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.32%	9.35%	-5.03%

BSJX vs. BSJR - Expense Ratio Comparison

Both BSJX and BSJR have an expense ratio of 0.42%.

Dividends

BSJX vs. BSJR - Dividend Comparison

BSJX's dividend yield for the trailing twelve months is around 6.41%, more than BSJR's 5.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	5.74%	6.19%	6.75%	6.48%	5.37%	4.49%	4.53%	1.20%
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	6.41%	4.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJX and BSJR in my portfolio?

BSJX and BSJR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJX or BSJR?

BSJX has higher volatility (1.33%) compared to BSJR (0.63%). In terms of maximum drawdown, BSJX dropped -3.40% vs BSJR's -22.58%.

Which ETF is better, BSJX or BSJR?

On 1-year performance, BSJX leads with 6.98% vs 4.97% for BSJR. Both ETFs have the same 0.42% expense ratio. On volatility, BSJR has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJX or BSJR?

Over the 1-year period, BSJX has performed better with a 6.98% return vs 4.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJX or BSJR?

BSJX and BSJR have the same expense ratio: 0.42% per year.

Which ETF pays a higher dividend yield, BSJX or BSJR?

BSJX has the higher dividend yield at 6.41%, compared with 5.74% for BSJR.

What is the main difference between BSJX and BSJR?

BSJX tracks IVZ BulletShares USD High Yield Corporate Bond 2033 Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index.

Which has better risk-adjusted returns?

BSJR currently has the higher Sharpe Ratio (2.37 vs 1.62), 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.