HYUP vs. BSJQ
HYUP (Xtrackers High Beta High Yield Bond ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - HYUP tracks the Solactive USD High Yield Corporates Total Market High Beta Index while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Over the past 5 years, HYUP returned 4.43%/yr vs 3.75%/yr for BSJQ. Their correlation of 0.85 suggests significant overlap in exposure. HYUP charges 0.20%/yr vs 0.42%/yr for BSJQ.
Performance
HYUP vs. BSJQ - Performance Comparison
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Returns By Period
In the year-to-date period, HYUP achieves a 1.84% return, which is significantly higher than BSJQ's 0.89% return.
HYUP
- 1D
- 0.21%
- 1M
- 0.65%
- YTD
- 1.84%
- 6M
- 2.49%
- 1Y
- 7.51%
- 3Y*
- 10.29%
- 5Y*
- 4.43%
- 10Y*
- —
BSJQ
- 1D
- 0.04%
- 1M
- -0.26%
- YTD
- 0.89%
- 6M
- 1.20%
- 1Y
- 4.61%
- 3Y*
- 7.03%
- 5Y*
- 3.75%
- 10Y*
- —
HYUP vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 1.84% | 8.83% | 10.30% | 14.56% | -13.30% | 5.13% | 5.73% | 16.54% | -4.54% |
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 HYUP and BSJQ is 0.64, 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 | 0.64 |
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 | 0.85 |
Over the past year, the correlation between HYUP and BSJQ has dropped to 0.64 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
HYUP vs. BSJQ — Risk / Return Rank
HYUP
BSJQ
HYUP vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) 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.
| HYUP | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.76 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 8.55 | -6.07 |
| Martin ratioReturn relative to average drawdown | 10.57 | 40.68 | -30.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYUP | BSJQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 3.34 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.66 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.54 | -0.02 |
Drawdowns
HYUP vs. BSJQ - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, roughly equal to the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for HYUP and BSJQ.
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Drawdown Indicators
| HYUP | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -24.13% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -0.54% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -2.66% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -11.95% | -6.11% |
Current DrawdownCurrent decline from peak | -0.15% | -0.39% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -2.17% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.11% | +0.60% |
Volatility
HYUP vs. BSJQ - Volatility Comparison
Xtrackers High Beta High Yield Bond ETF (HYUP) has a higher volatility of 1.36% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 0.54%. This indicates that HYUP'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.
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Volatility by Period
| HYUP | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.54% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 0.98% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 1.38% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 5.73% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 8.44% | +1.31% |
HYUP vs. BSJQ - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Dividends
HYUP vs. BSJQ - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.32%, 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% |
HYUP Xtrackers High Beta High Yield Bond ETF | 7.32% | 7.44% | 7.78% | 7.48% | 7.15% | 6.19% | 6.89% | 6.77% | 6.98% |
Frequently Asked Questions
HYUP and BSJQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYUP has higher volatility (1.36%) compared to BSJQ (0.54%). In terms of maximum drawdown, HYUP dropped -24.79% vs BSJQ's -24.13%.
On 5-year performance, HYUP leads with 4.43% vs 3.75% for BSJQ. On fees, HYUP is cheaper at 0.20% 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.
Over the 5-year period, HYUP has performed better with a 4.43% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYUP is cheaper with a 0.20% expense ratio, compared with 0.42% for BSJQ.
HYUP has the higher dividend yield at 7.32%, compared with 5.83% for BSJQ.
HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: Deutsche Bank and Invesco. Their fees differ too: 0.20% for HYUP and 0.42% for BSJQ.
BSJQ currently has the higher Sharpe Ratio (3.34 vs 1.78), 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.
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