HYGV vs. BSJQ

Last updated Jun 5, 2026

HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - HYGV tracks the Northern Trust High Yield Value-Scored US Corporate Bond Index while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Over the past 5 years, HYGV returned 3.52%/yr vs 3.75%/yr for BSJQ. Their correlation of 0.87 suggests significant overlap in exposure. HYGV charges 0.37%/yr vs 0.42%/yr for BSJQ.

Performance

HYGV vs. BSJQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYGV achieves a 1.56% return, which is significantly higher than BSJQ's 0.89% return.

HYGV

• 1D: 0.14%
• 1M: 0.39%
• YTD: 1.56%
• 6M: 1.85%
• 1Y: 6.88%
• 3Y*: 8.51%
• 5Y*: 3.52%
• 10Y*: —

BSJQ

• 1D: 0.04%
• 1M: -0.26%
• YTD: 0.89%
• 6M: 1.20%
• 1Y: 4.61%
• 3Y*: 7.03%
• 5Y*: 3.75%
• 10Y*: —

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

HYGV vs. BSJQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HYGV FlexShares High Yield Value-Scored US Bond Index Fund	1.56%	7.92%	8.02%	12.11%	-12.60%	5.93%	8.01%	15.76%	-5.21%
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF	0.89%	6.59%	7.49%	9.83%	-7.35%	4.53%	2.80%	16.74%	-4.08%

Correlation

The correlation between HYGV and BSJQ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.87

The correlation between HYGV and BSJQ shifts across timeframes, from 0.68 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

HYGV vs. BSJQ - Sectors Allocation Comparison

Sectors	HYGV	BSJQ
Energy	100.0%	1.6%
Basic Materials	-	-
Communication Services	-	1.8%
Consumer Cyclical	-	7.0%
Consumer Defensive	-	-
Financial Services	-	39.0%
Healthcare	-	-
Industrials	-	2.1%
Real Estate	-	3.6%
Technology	-	5.0%
Utilities	-	-

Return for Risk

HYGV vs. BSJQ — Risk / Return Rank

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

HYGV

HYGV Risk / Return Rank: 57
HYGV Sharpe Ratio Rank: 54
HYGV Sortino Ratio Rank: 60
HYGV Omega Ratio Rank: 57
HYGV Calmar Ratio Rank: 53
HYGV Martin Ratio Rank: 63

BSJQ

BSJQ Risk / Return Rank: 95
BSJQ Sharpe Ratio Rank: 92
BSJQ Sortino Ratio Rank: 95
BSJQ Omega Ratio Rank: 96
BSJQ Calmar Ratio Rank: 95
BSJQ Martin Ratio Rank: 97

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.

HYGV vs. BSJQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.

	HYGV	BSJQ	Difference
Sharpe ratio: Return per unit of total volatility	1.80	3.34	-1.55
Sortino ratio: Return per unit of downside risk	2.76	5.24	-2.47
Omega ratio: Gain probability vs. loss probability	1.35	1.76	-0.42
Calmar ratio: Return relative to maximum drawdown	2.57	8.55	-5.97
Martin ratio: Return relative to average drawdown	11.11	40.68	-29.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYGV vs. BSJQ - Sharpe Ratio Comparison

The current HYGV Sharpe Ratio is 1.80, which is lower than the BSJQ Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of HYGV and BSJQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYGV	BSJQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	3.34	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.66	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.54	+0.01

Drawdowns

HYGV vs. BSJQ - Drawdown Comparison

The maximum HYGV drawdown since its inception was -23.47%, roughly equal to the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for HYGV and BSJQ.

Drawdown Indicators

	HYGV	BSJQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.47%	-24.13%	+0.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-0.54%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-5.56%	-2.66%	-2.90%
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	-11.95%	-5.17%
Current Drawdown Current decline from peak	-0.13%	-0.39%	+0.26%
Average Drawdown Average peak-to-trough decline	-3.32%	-2.17%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	0.11%	+0.51%

Volatility

HYGV vs. BSJQ - Volatility Comparison

FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a higher volatility of 1.18% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 0.54%. This indicates that HYGV's price experiences larger fluctuations and is considered to be riskier than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYGV	BSJQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	0.54%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	3.01%	0.98%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	1.38%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.59%	5.73%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	8.44%	+0.76%

HYGV vs. BSJQ - Expense Ratio Comparison

HYGV has a 0.37% expense ratio, which is lower than BSJQ's 0.42% expense ratio.

Dividends

HYGV vs. BSJQ - Dividend Comparison

HYGV's dividend yield for the trailing twelve months is around 7.40%, more than BSJQ's 5.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF	5.83%	6.10%	6.58%	6.58%	5.58%	4.27%	4.64%	4.59%	2.39%
HYGV FlexShares High Yield Value-Scored US Bond Index Fund	7.40%	7.48%	8.20%	8.77%	7.64%	6.07%	6.18%	7.95%	5.63%

Frequently Asked Questions

Can I hold both HYGV and BSJQ in my portfolio?

HYGV and BSJQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYGV or BSJQ?

HYGV has higher volatility (1.18%) compared to BSJQ (0.54%). In terms of maximum drawdown, HYGV dropped -23.47% vs BSJQ's -24.13%.

Which ETF is better, HYGV or BSJQ?

On 5-year performance, BSJQ leads with 3.75% vs 3.52% for HYGV. On fees, HYGV is cheaper at 0.37% per year. On volatility, BSJQ has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYGV or BSJQ?

Over the 5-year period, BSJQ has performed better with a 3.75% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYGV or BSJQ?

HYGV is cheaper with a 0.37% expense ratio, compared with 0.42% for BSJQ.

Which ETF pays a higher dividend yield, HYGV or BSJQ?

HYGV has the higher dividend yield at 7.40%, compared with 5.83% for BSJQ.

What is the main difference between HYGV and BSJQ?

HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.37% for HYGV and 0.42% for BSJQ.

Which has better risk-adjusted returns?

BSJQ currently has the higher Sharpe Ratio (3.34 vs 1.80), 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.