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.
Key characteristics
| EVHY | BSJO | |
|---|---|---|
| YTD Return | 6.74% | 4.26% |
| Daily Std Dev | 4.80% | 1.57% |
| Max Drawdown | -2.11% | -21.98% |
| Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between EVHY and BSJO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EVHY vs. BSJO - Performance Comparison
In the year-to-date period, EVHY achieves a 6.74% return, which is significantly higher than BSJO's 4.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Not enough dataDividends
EVHY vs. BSJO - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 5.89%, more than BSJO's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 5.89% | 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 | 5.39% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.87% | 1.39% |
Drawdowns
EVHY vs. BSJO - Drawdown Comparison
The maximum EVHY drawdown since its inception was -2.11%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for EVHY and BSJO. For additional features, visit the drawdowns tool.
Volatility
EVHY vs. BSJO - Volatility Comparison
Eaton Vance High Yield ETF (EVHY) has a higher volatility of 0.89% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. 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.