IBHD vs. BSJO
Compare and contrast key facts about iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
IBHD and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016. Both IBHD and BSJO 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: IBHD or BSJO.
Correlation
The correlation between IBHD and BSJO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBHD vs. BSJO - Performance Comparison
Key characteristics
Returns By Period
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BSJO
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IBHD vs. BSJO - Expense Ratio Comparison
IBHD has a 0.35% expense ratio, which is lower than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
IBHD vs. BSJO — Risk-Adjusted Performance Rank
IBHD
BSJO
IBHD vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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
IBHD vs. BSJO - Dividend Comparison
Neither IBHD nor BSJO has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 4.43% | 6.90% | 4.90% | 4.43% | 5.49% | 3.59% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 3.87% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.69% | 1.39% |
Drawdowns
IBHD vs. BSJO - Drawdown Comparison
Volatility
IBHD vs. BSJO - Volatility Comparison
iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) have volatilities of 0.19% and 0.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.