HYGV vs. BSJR

Last updated Jun 4, 2026

HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYGV tracks the Northern Trust High Yield Value-Scored US Corporate Bond Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, HYGV returned 3.49%/yr vs 3.37%/yr for BSJR. Their correlation of 0.90 suggests significant overlap in exposure. HYGV charges 0.37%/yr vs 0.42%/yr for BSJR.

Performance

HYGV vs. BSJR - 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 2027 High Yield Corporate Bond ETF (BSJR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYGV achieves a 1.42% return, which is significantly higher than BSJR's 1.11% return.

HYGV

• 1D: -0.24%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.66%
• 1Y: 6.94%
• 3Y*: 8.38%
• 5Y*: 3.49%
• 10Y*: —

BSJR

• 1D: -0.09%
• 1M: 0.05%
• YTD: 1.11%
• 6M: 1.70%
• 1Y: 4.78%
• 3Y*: 7.78%
• 5Y*: 3.37%
• 10Y*: —

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

HYGV vs. BSJR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HYGV FlexShares High Yield Value-Scored US Bond Index Fund	1.42%	7.92%	8.02%	12.11%	-12.60%	5.93%	8.01%	2.58%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.11%	7.41%	7.15%	11.91%	-11.35%	3.60%	5.69%	3.00%

Correlation

The correlation between HYGV and BSJR is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019	0.90

The correlation between HYGV and BSJR shifts across timeframes, from 0.80 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

HYGV vs. BSJR - Sectors Allocation Comparison

Sectors	HYGV	BSJR
Energy	100.0%	4.3%
Basic Materials	-	1.6%
Communication Services	-	6.0%
Consumer Cyclical	-	11.2%
Consumer Defensive	-	1.8%
Financial Services	-	13.8%
Healthcare	-	2.7%
Industrials	-	10.3%
Real Estate	-	4.2%
Technology	-	1.6%
Utilities	-	0.8%

Return for Risk

HYGV vs. BSJR — Risk / Return Rank

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

HYGV

HYGV Risk / Return Rank: 56
HYGV Sharpe Ratio Rank: 52
HYGV Sortino Ratio Rank: 58
HYGV Omega Ratio Rank: 56
HYGV Calmar Ratio Rank: 52
HYGV Martin Ratio Rank: 62

BSJR

BSJR Risk / Return Rank: 78
BSJR Sharpe Ratio Rank: 68
BSJR Sortino Ratio Rank: 78
BSJR Omega Ratio Rank: 75
BSJR Calmar Ratio Rank: 80
BSJR Martin Ratio Rank: 87

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. BSJR - 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 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.

	HYGV	BSJR	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.27	-0.46
Sortino ratio: Return per unit of downside risk	2.79	3.51	-0.72
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	2.60	4.13	-1.53
Martin ratio: Return relative to average drawdown	11.22	19.02	-7.80
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. BSJR - Sharpe Ratio Comparison

The current HYGV Sharpe Ratio is 1.81, which is comparable to the BSJR Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of HYGV and BSJR, 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	BSJR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.27	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.50	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.43	+0.12

Drawdowns

HYGV vs. BSJR - Drawdown Comparison

The maximum HYGV drawdown since its inception was -23.47%, roughly equal to the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for HYGV and BSJR.

Drawdown Indicators

	HYGV	BSJR	Difference
Max Drawdown Largest peak-to-trough decline	-23.47%	-22.58%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-1.16%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-5.56%	-3.15%	-2.41%
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	-16.37%	-0.75%
Current Drawdown Current decline from peak	-0.27%	-0.27%	0.00%
Average Drawdown Average peak-to-trough decline	-3.32%	-3.25%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	0.25%	+0.37%

Volatility

HYGV vs. BSJR - Volatility Comparison

FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a higher volatility of 1.17% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.57%. This indicates that HYGV'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.

Volatility by Period

	HYGV	BSJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.57%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	1.45%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	2.12%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.59%	6.73%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	9.37%	-0.17%

HYGV vs. BSJR - Expense Ratio Comparison

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

Dividends

HYGV vs. BSJR - Dividend Comparison

HYGV's dividend yield for the trailing twelve months is around 7.41%, more than BSJR's 5.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	5.75%	6.19%	6.75%	6.48%	5.37%	4.49%	4.53%	1.20%	0.00%
HYGV FlexShares High Yield Value-Scored US Bond Index Fund	7.41%	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 BSJR in my portfolio?

HYGV and BSJR have a correlation of 0.80, 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 BSJR?

HYGV has higher volatility (1.17%) compared to BSJR (0.57%). In terms of maximum drawdown, HYGV dropped -23.47% vs BSJR's -22.58%.

Which ETF is better, HYGV or BSJR?

On 5-year performance, HYGV leads with 3.49% vs 3.37% for BSJR. On fees, HYGV is cheaper at 0.37% per year. On volatility, BSJR has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYGV or BSJR?

Over the 5-year period, HYGV has performed better with a 3.49% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYGV or BSJR?

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

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

HYGV has the higher dividend yield at 7.41%, compared with 5.75% for BSJR.

What is the main difference between HYGV and BSJR?

HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.37% for HYGV and 0.42% for BSJR.

Which has better risk-adjusted returns?

BSJR currently has the higher Sharpe Ratio (2.27 vs 1.81), 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.