HIIFX vs. BSJP

Last updated Jun 3, 2026

HIIFX (Catalyst/SMH High Income Fund) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds. At a 0.31 correlation, their price movements are largely independent. HIIFX charges 1.49%/yr vs 0.42%/yr for BSJP.

Performance

HIIFX vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/SMH High Income Fund (HIIFX) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HIIFX

• 1D: -0.24%
• 1M: 0.81%
• YTD: 3.13%
• 6M: 4.08%
• 1Y: 20.55%
• 3Y*: 13.15%
• 5Y*: 5.70%
• 10Y*: 7.76%

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIIFX vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIIFX Catalyst/SMH High Income Fund	3.13%	15.31%	8.33%	16.44%	-13.48%	8.03%	10.00%	8.36%	-1.46%	1.83%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	10.41%	-5.16%	4.57%	4.16%	16.89%	-4.66%	0.35%

Correlation

The correlation between HIIFX and BSJP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017	0.31

Over the past year, the correlation between HIIFX and BSJP has dropped to 0.06 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

HIIFX vs. BSJP — Risk / Return Rank

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

HIIFX

HIIFX Risk / Return Rank: 86
HIIFX Sharpe Ratio Rank: 91
HIIFX Sortino Ratio Rank: 91
HIIFX Omega Ratio Rank: 86
HIIFX Calmar Ratio Rank: 88
HIIFX Martin Ratio Rank: 76

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.

HIIFX vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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.

	HIIFX	BSJP	Difference
Sharpe ratio Return per unit of total volatility	3.05	—	—
Sortino ratio Return per unit of downside risk	4.46	—	—
Omega ratio Gain probability vs. loss probability	1.58	—	—
Calmar ratio Return relative to maximum drawdown	4.34	—	—
Martin ratio Return relative to average drawdown	14.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HIIFX	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	—	—

Drawdowns

Drawdown Indicators

	HIIFX	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-51.29%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.58%	—	—
Current Drawdown Current decline from peak	-0.24%	—	—
Average Drawdown Average peak-to-trough decline	-15.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	—	—

Volatility

Volatility by Period

	HIIFX	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.99%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.98%	—	—

HIIFX vs. BSJP - Expense Ratio Comparison

HIIFX has a 1.49% expense ratio, which is higher than BSJP's 0.42% expense ratio.

Dividends

HIIFX vs. BSJP - Dividend Comparison

HIIFX's dividend yield for the trailing twelve months is around 5.48%, more than BSJP's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%	0.00%	0.00%
HIIFX Catalyst/SMH High Income Fund	5.48%	4.65%	6.03%	6.55%	6.64%	4.03%	5.00%	5.37%	5.61%	5.50%	6.81%	12.14%

Frequently Asked Questions

Can I hold both HIIFX and BSJP in my portfolio?

HIIFX and BSJP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.