HYSZX vs. BSJN
Compare and contrast key facts about PGIM Short Duration High Yield Income Fund (HYSZX) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN).
HYSZX is managed by PGIM Investments. It was launched on Oct 26, 2012. BSJN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2023 Index. It was launched on Oct 7, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYSZX or BSJN.
Key characteristics
| HYSZX | BSJN |
|---|
Correlation
The correlation between HYSZX and BSJN is 0.38, 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
HYSZX vs. BSJN - 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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HYSZX vs. BSJN - Expense Ratio Comparison
HYSZX has a 0.75% expense ratio, which is higher than BSJN's 0.42% expense ratio.
Risk-Adjusted Performance
HYSZX vs. BSJN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield Income Fund (HYSZX) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN). 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
HYSZX vs. BSJN - Dividend Comparison
HYSZX's dividend yield for the trailing twelve months is around 6.68%, while BSJN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSZX PGIM Short Duration High Yield Income Fund | 6.68% | 6.42% | 6.15% | 5.01% | 5.00% | 5.53% | 5.95% | 5.73% | 6.13% | 6.76% | 6.22% | 6.01% |
BSJN Invesco BulletShares 2023 High Yield Corporate Bond ETF | 0.61% | 4.80% | 4.16% | 3.60% | 4.67% | 5.38% | 5.58% | 4.97% | 4.72% | 1.05% | 0.00% | 0.00% |
Drawdowns
HYSZX vs. BSJN - Drawdown Comparison
Volatility
HYSZX vs. BSJN - Volatility Comparison
PGIM Short Duration High Yield Income Fund (HYSZX) has a higher volatility of 0.63% compared to Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) at 0.00%. This indicates that HYSZX's price experiences larger fluctuations and is considered to be riskier than BSJN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.