BSJX vs. NHYB

Last updated Jun 26, 2026

BSJX (Invesco BulletShares 2033 High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - BSJX tracks the IVZ BulletShares USD High Yield Corporate Bond 2033 Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. BSJX charges 0.42%/yr vs 0.08%/yr for NHYB.

Performance

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

Returns By Period

In the year-to-date period, BSJX achieves a 1.47% return, which is significantly lower than NHYB's 1.96% return.

BSJX

• 1D: -0.04%
• 1M: 0.28%
• YTD: 1.47%
• 6M: 1.42%
• 1Y: 6.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: 0.02%
• 1M: 0.31%
• YTD: 1.96%
• 6M: 1.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSJX vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	1.47%	1.58%
NHYB Nuveen High Yield Corporate Bond ETF	1.96%	1.24%

Correlation

The correlation between BSJX and NHYB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.89

Return for Risk

BSJX vs. NHYB — Risk / Return Rank

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

BSJX

BSJX Risk / Return Rank: 45
BSJX Sharpe Ratio Rank: 44
BSJX Sortino Ratio Rank: 46
BSJX Omega Ratio Rank: 45
BSJX Calmar Ratio Rank: 38
BSJX Martin Ratio Rank: 52

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NHYB - 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 Nuveen High Yield Corporate Bond ETF (NHYB). 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	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.79	—	—
Martin ratio: Return relative to average drawdown	8.03	—	—

Drawdowns

BSJX vs. NHYB - Drawdown Comparison

The maximum BSJX drawdown since its inception was -3.40%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for BSJX and NHYB.

Drawdown Indicators

	BSJX	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-2.40%	-1.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.40%	—	—
Current Drawdown Current decline from peak	-0.21%	-0.15%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.43%	-0.36%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	—	—

Volatility

Volatility by Period

	BSJX	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.33%	3.62%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.29%	3.62%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.29%	3.62%	+0.67%

BSJX vs. NHYB - Expense Ratio Comparison

BSJX has a 0.42% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

BSJX vs. NHYB - Dividend Comparison

BSJX's dividend yield for the trailing twelve months is around 6.89%, more than NHYB's 4.24% yield.

Position	TTM	2025
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	6.89%	4.02%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Can I hold both BSJX and NHYB in my portfolio?

BSJX and NHYB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSJX or NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSJX or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.42% for BSJX.

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

BSJX has the higher dividend yield at 6.89%, compared with 4.24% for NHYB.

What is the main difference between BSJX and NHYB?

BSJX tracks IVZ BulletShares USD High Yield Corporate Bond 2033 Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Invesco and Nuveen. Their fees differ too: 0.42% for BSJX and 0.08% for NHYB.