GTOQ vs. BSJR
GTOQ (Invesco High Yield Systematic Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds from Invesco. GTOQ is actively managed, while BSJR is passively managed. Over the past 5 years, GTOQ returned 3.76%/yr vs 3.34%/yr for BSJR. Their 0.70 correlation means they have sometimes moved together and sometimes differently. GTOQ charges 0.39%/yr vs 0.42%/yr for BSJR.
Performance
GTOQ vs. BSJR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GTOQ having a 1.80% return and BSJR slightly higher at 1.84%.
GTOQ
- 1D
- -0.02%
- 1M
- -0.26%
- 6M
- 1.10%
- YTD
- 1.80%
- 1Y
- 5.40%
- 3Y*
- 8.14%
- 5Y*
- 3.76%
- 10Y*
- —
- ALL TIME*
- 4.19%
BSJR
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.39%
- YTD
- 1.84%
- 1Y
- 4.08%
- 3Y*
- 7.56%
- 5Y*
- 3.34%
- 10Y*
- —
- ALL TIME*
- 4.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.53M | $4.04M | $3.78M | |
| $55.75K | $50.01K | $1.37M |
GTOQ vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GTOQ Invesco High Yield Systematic Bond ETF | 1.80% | 8.04% | 8.13% | 14.17% | -12.17% | 5.37% | 0.38% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.84% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 1.53% |
Correlation
The correlation between GTOQ and BSJR is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.70 |
The correlation between GTOQ and BSJR has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
GTOQ vs. BSJR — Risk / Return Rank
GTOQ
BSJR
GTOQ vs. BSJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Systematic Bond ETF (GTOQ) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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.
| GTOQ | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.60 | -1.75 |
| Martin ratioReturn relative to average drawdown | 7.87 | 17.43 | -9.55 |
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Drawdowns
GTOQ vs. BSJR - Drawdown Comparison
The maximum GTOQ drawdown since its inception was -15.96%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for GTOQ and BSJR.
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Drawdown Indicators
| GTOQ | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -22.58% | +6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -1.16% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.25% | -3.15% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -16.37% | +0.41% |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -3.18% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.24% | +0.45% |
Volatility
GTOQ vs. BSJR - Volatility Comparison
Invesco High Yield Systematic Bond ETF (GTOQ) has a higher volatility of 0.76% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.40%. This indicates that GTOQ's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTOQ | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.40% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 1.52% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 1.95% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 6.71% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 9.26% | -3.80% |
GTOQ vs. BSJR - Expense Ratio Comparison
GTOQ has a 0.39% expense ratio, which is lower than BSJR's 0.42% expense ratio.
Dividends
GTOQ vs. BSJR - Dividend Comparison
GTOQ's dividend yield for the trailing twelve months is around 6.88%, more than BSJR's 5.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.58% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% |
GTOQ Invesco High Yield Systematic Bond ETF | 6.88% | 7.04% | 7.20% | 6.76% | 6.17% | 4.86% | 0.00% | 0.00% |
Frequently Asked Questions
GTOQ and BSJR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTOQ has higher volatility (0.76%) compared to BSJR (0.40%). In terms of maximum drawdown, GTOQ dropped -15.96% vs BSJR's -22.58%.
On 5-year performance, GTOQ leads with 3.76% vs 3.34% for BSJR. On fees, GTOQ is cheaper at 0.39% per year. On volatility, BSJR has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GTOQ has performed better with a 3.76% return vs 3.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTOQ is cheaper with a 0.39% expense ratio, compared with 0.42% for BSJR.
GTOQ has the higher dividend yield at 6.88%, compared with 5.58% for BSJR.
Their fees differ too: 0.39% for GTOQ and 0.42% for BSJR.
BSJR currently has the higher Sharpe Ratio (2.15 vs 1.51), 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.
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