HYS vs. BSCN
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and Invesco BulletShares 2023 Corporate Bond ETF (BSCN).
HYS and BSCN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. BSCN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2023 TR Index. It was launched on Sep 17, 2014. Both HYS and BSCN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYS or BSCN.
Key characteristics
| HYS | BSCN |
|---|
Correlation
The correlation between HYS and BSCN is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYS vs. BSCN - Performance Comparison
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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HYS vs. BSCN - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than BSCN's 0.10% expense ratio.
Risk-Adjusted Performance
HYS vs. BSCN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and Invesco BulletShares 2023 Corporate Bond ETF (BSCN). 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.
Dividends
HYS vs. BSCN - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.32%, while BSCN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.32% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 0.85% | 3.69% | 1.51% | 1.56% | 2.36% | 2.92% | 2.88% | 2.67% | 2.88% | 2.88% | 0.72% | 0.00% |
Drawdowns
HYS vs. BSCN - Drawdown Comparison
Volatility
HYS vs. BSCN - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.21% compared to Invesco BulletShares 2023 Corporate Bond ETF (BSCN) at 0.00%. This indicates that HYS's price experiences larger fluctuations and is considered to be riskier than BSCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.