HYZD vs. BSJN
Compare and contrast key facts about WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN).
HYZD and BSJN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYZD is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. It was launched on Dec 18, 2013. 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. Both HYZD and BSJN 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: HYZD or BSJN.
Key characteristics
| HYZD | BSJN |
|---|
Correlation
The correlation between HYZD and BSJN is 0.40, 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
HYZD 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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HYZD vs. BSJN - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is higher than BSJN's 0.42% expense ratio.
Risk-Adjusted Performance
HYZD vs. BSJN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) 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
HYZD vs. BSJN - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 6.06%, while BSJN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 6.06% | 5.94% | 5.14% | 4.02% | 5.14% | 5.51% | 5.58% | 4.95% | 5.07% | 4.38% | 3.82% | 0.10% |
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
HYZD vs. BSJN - Drawdown Comparison
Volatility
HYZD vs. BSJN - Volatility Comparison
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has a higher volatility of 1.22% compared to Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) at 0.00%. This indicates that HYZD'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.