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BSJX vs. SPHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BSJX vs. SPHY

Last updated Jun 5, 2026

BSJX (Invesco BulletShares 2033 High Yield Corporate Bond ETF) and SPHY (SPDR Portfolio High Yield Bond ETF) are both High Yield Bonds funds - BSJX tracks the IVZ BulletShares USD High Yield Corporate Bond 2033 Index while SPHY tracks the ICE BofA US High Yield Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. BSJX charges 0.42%/yr vs 0.05%/yr for SPHY.

Performance

BSJX vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BSJX achieves a 1.24% return, which is significantly lower than SPHY's 1.63% return.

BSJX

1D
0.06%
1M
0.23%
YTD
1.24%
6M
1.61%
1Y
—
3Y*
—
5Y*
—
10Y*
—

SPHY

1D
0.09%
1M
0.42%
YTD
1.63%
6M
2.02%
1Y
7.02%
3Y*
8.98%
5Y*
4.41%
10Y*
5.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJX vs. SPHY - Yearly Performance Comparison

2026 (YTD)2025
BSJX
Invesco BulletShares 2033 High Yield Corporate Bond ETF		1.24%5.46%
SPHY
SPDR Portfolio High Yield Bond ETF		1.63%5.22%

Correlation

The correlation between BSJX and SPHY is 0.94, 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 Jun 12, 2025

0.94

BSJX vs. SPHY - Sectors Allocation Comparison

Sectors
BSJX
SPHY

Energy

9.6%
0.1%

Consumer Cyclical

8.2%

-

Technology

6.3%

-

Industrials

6.1%

-

Communication Services

3.7%

-

Basic Materials

3.4%

-

Healthcare

3.1%

-

Financial Services

2.8%
99.9%

Utilities

2.7%

-

Consumer Defensive

1.9%

-

Real Estate

1.3%

-

Energy

BSJX
9.6%
SPHY
0.1%

Consumer Cyclical

BSJX
8.2%
SPHY

-

Technology

BSJX
6.3%
SPHY

-

Industrials

BSJX
6.1%
SPHY

-

Communication Services

BSJX
3.7%
SPHY

-

Basic Materials

BSJX
3.4%
SPHY

-

Healthcare

BSJX
3.1%
SPHY

-

Financial Services

BSJX
2.8%
SPHY
99.9%

Utilities

BSJX
2.7%
SPHY

-

Consumer Defensive

BSJX
1.9%
SPHY

-

Real Estate

BSJX
1.3%
SPHY

-

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Invesco BulletShares 2033 High Yield Corporate Bond ETF

SPDR Portfolio High Yield Bond ETF

Often compared with BSJX:
BSJX vs. SPHQBSJX vs. HYLBBSJX vs. BSJRBSJX vs. HYEMBSJX vs. HYHGBSJX vs. HYZDBSJX vs. BSJO
Often compared with SPHY:
SPHY vs. SCYBSPHY vs. HYGSPHY vs. USHYSPHY vs. SCHDSPHY vs. JNKSPHY vs. SHYGSPHY vs. VWEAX

Return for Risk

BSJX vs. SPHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BSJX
SPHY
SPHY Risk / Return Rank: 6464
Overall Rank
SPHY Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SPHY Sortino Ratio Rank: 6464
Sortino Ratio Rank
SPHY Omega Ratio Rank: 6464
Omega Ratio Rank
SPHY Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPHY Martin Ratio Rank: 7272
Martin Ratio Rank
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. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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.

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

BSJX vs. SPHY - Sharpe Ratio Comparison

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Sharpe Ratios by Period

BSJXSPHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.92

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.62

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

0.64

+0.98

Drawdowns

BSJX vs. SPHY - Drawdown Comparison

The maximum BSJX drawdown since its inception was -3.40%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for BSJX and SPHY.

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Drawdown Indicators

BSJXSPHYDifference

Max Drawdown

Largest peak-to-trough decline

-3.40%

-21.97%

+18.57%

Max Drawdown (1Y)

Largest decline over 1 year

—

-2.41%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-4.85%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.29%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.97%

—

Current Drawdown

Current decline from peak

-0.42%

-0.14%

-0.28%

Average Drawdown

Average peak-to-trough decline

-0.44%

-2.29%

+1.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.53%

—

Volatility

BSJX vs. SPHY - Volatility Comparison

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Volatility by Period

BSJXSPHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.14%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

2.91%

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.31%

3.68%

+0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.31%

7.17%

-2.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.31%

7.89%

-3.58%

BSJX vs. SPHY - Expense Ratio Comparison

BSJX has a 0.42% expense ratio, which is higher than SPHY's 0.05% expense ratio.

Dividends

BSJX vs. SPHY - Dividend Comparison

BSJX's dividend yield for the trailing twelve months is around 6.43%, less than SPHY's 7.26% yield.

PositionTTM20252024202320222021202020192018201720162015
BSJX
Invesco BulletShares 2033 High Yield Corporate Bond ETF		6.43%4.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPHY
SPDR Portfolio High Yield Bond ETF		7.26%7.38%7.80%7.30%6.47%5.13%5.63%5.73%4.09%4.41%4.27%4.29%

Frequently Asked Questions

With a correlation of 0.94, BSJX and SPHY 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.

On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPHY is cheaper with a 0.05% expense ratio, compared with 0.42% for BSJX.

SPHY has the higher dividend yield at 7.26%, compared with 6.43% for BSJX.

BSJX tracks IVZ BulletShares USD High Yield Corporate Bond 2033 Index, while SPHY tracks ICE BofA US High Yield Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.42% for BSJX and 0.05% for SPHY.

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