BSJX vs. HYLB

Last updated Jun 25, 2026

BSJX (Invesco BulletShares 2033 High Yield Corporate Bond ETF) and HYLB (Xtrackers 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 HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past year, BSJX returned 6.19% vs 5.85% for HYLB. Their correlation of 0.93 suggests significant overlap in exposure. BSJX charges 0.42%/yr vs 0.15%/yr for HYLB.

Performance

BSJX vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJX achieves a 1.51% return, which is significantly lower than HYLB's 1.70% return.

BSJX

• 1D: 0.04%
• 1M: 0.53%
• YTD: 1.51%
• 6M: 1.47%
• 1Y: 6.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYLB

• 1D: 0.03%
• 1M: 0.49%
• YTD: 1.70%
• 6M: 1.67%
• 1Y: 5.85%
• 3Y*: 8.97%
• 5Y*: 3.92%
• 10Y*: —

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

BSJX vs. HYLB - Yearly Performance Comparison

	2026 (YTD)	2025
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	1.51%	5.46%
HYLB Xtrackers USD High Yield Corporate Bond ETF	1.70%	5.00%

Correlation

The correlation between BSJX and HYLB 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 HYLB has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

BSJX vs. HYLB — Risk / Return Rank

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

BSJX

BSJX Risk / Return Rank: 48
BSJX Sharpe Ratio Rank: 47
BSJX Sortino Ratio Rank: 50
BSJX Omega Ratio Rank: 48
BSJX Calmar Ratio Rank: 42
BSJX Martin Ratio Rank: 54

HYLB

HYLB Risk / Return Rank: 57
HYLB Sharpe Ratio Rank: 51
HYLB Sortino Ratio Rank: 55
HYLB Omega Ratio Rank: 54
HYLB Calmar Ratio Rank: 58
HYLB Martin Ratio Rank: 68

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. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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	HYLB	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.57	-0.13
Sortino ratio: Return per unit of downside risk	2.16	2.37	-0.22
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	1.83	2.59	-0.76
Martin ratio: Return relative to average drawdown	8.19	11.05	-2.86

BSJX vs. HYLB - Sharpe Ratio Comparison

The current BSJX Sharpe Ratio is 1.44, which is comparable to the HYLB Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of BSJX and HYLB, 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. HYLB - Drawdown Comparison

The maximum BSJX drawdown since its inception was -3.40%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for BSJX and HYLB.

Drawdown Indicators

	BSJX	HYLB	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-22.91%	+19.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.40%	-2.27%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.54%	—
Current Drawdown Current decline from peak	-0.17%	-0.19%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.44%	-2.42%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.53%	+0.23%

Volatility

BSJX vs. HYLB - Volatility Comparison

Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) and Xtrackers USD High Yield Corporate Bond ETF (HYLB) have volatilities of 1.09% and 1.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJX	HYLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	1.06%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.43%	3.02%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.34%	3.76%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	7.48%	-3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.30%	8.16%	-3.86%

BSJX vs. HYLB - Expense Ratio Comparison

BSJX has a 0.42% expense ratio, which is higher than HYLB's 0.15% expense ratio.

Dividends

BSJX vs. HYLB - Dividend Comparison

BSJX's dividend yield for the trailing twelve months is around 6.89%, more than HYLB's 6.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
HYLB Xtrackers USD High Yield Corporate Bond ETF	6.48%	6.29%	6.31%	5.84%	5.53%	4.45%	5.22%	5.71%	5.95%	5.85%	0.27%

Frequently Asked Questions

Can I hold both BSJX and HYLB in my portfolio?

With a correlation of 0.93, BSJX and HYLB 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.

Which is riskier, BSJX or HYLB?

BSJX has higher volatility (1.09%) compared to HYLB (1.06%). In terms of maximum drawdown, BSJX dropped -3.40% vs HYLB's -22.91%.

Which ETF is better, BSJX or HYLB?

On 1-year performance, BSJX leads with 6.19% vs 5.85% for HYLB. On fees, HYLB 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.

Which ETF has performed better, BSJX or HYLB?

Over the 1-year period, BSJX has performed better with a 6.19% return vs 5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJX or HYLB?

HYLB is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJX.

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

BSJX has the higher dividend yield at 6.89%, compared with 6.48% for HYLB.

What is the main difference between BSJX and HYLB?

BSJX tracks IVZ BulletShares USD High Yield Corporate Bond 2033 Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.42% for BSJX and 0.15% for HYLB.

Which has better risk-adjusted returns?

HYLB currently has the higher Sharpe Ratio (1.57 vs 1.44), 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.