EVHY vs. BSJO
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
EVHY and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EVHY or BSJO.
Correlation
The correlation between EVHY and BSJO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EVHY vs. BSJO - Performance Comparison
Key characteristics
Returns By Period
EVHY
1.42%
1.08%
3.50%
7.44%
N/A
N/A
BSJO
N/A
N/A
N/A
N/A
N/A
N/A
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EVHY vs. BSJO - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is higher than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
EVHY vs. BSJO — Risk-Adjusted Performance Rank
EVHY
BSJO
EVHY vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.
Dividends
EVHY vs. BSJO - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.58%, while BSJO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.58% | 7.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 4.88% | 5.38% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.69% | 1.39% |
Drawdowns
EVHY vs. BSJO - Drawdown Comparison
Volatility
EVHY vs. BSJO - Volatility Comparison
Eaton Vance High Yield ETF (EVHY) has a higher volatility of 1.12% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.00%. This indicates that EVHY's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.