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IBHD vs. BSJQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

IBHD vs. BSJQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.92%
4.82%
IBHD
BSJQ

Returns By Period

In the year-to-date period, IBHD achieves a 5.44% return, which is significantly lower than BSJQ's 7.35% return.


IBHD

YTD

5.44%

1M

0.34%

6M

2.94%

1Y

6.39%

5Y (annualized)

4.12%

10Y (annualized)

N/A

BSJQ

YTD

7.35%

1M

0.71%

6M

5.05%

1Y

9.65%

5Y (annualized)

3.80%

10Y (annualized)

N/A

Key characteristics


IBHDBSJQ
Sharpe Ratio3.973.47
Sortino Ratio6.155.63
Omega Ratio2.011.73
Calmar Ratio12.949.06
Martin Ratio74.7635.84
Ulcer Index0.09%0.27%
Daily Std Dev1.68%2.82%
Max Drawdown-20.11%-24.15%
Current Drawdown0.00%-0.25%

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IBHD vs. BSJQ - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than BSJQ's 0.42% expense ratio.


BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF
Expense ratio chart for BSJQ: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%
Expense ratio chart for IBHD: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Correlation

-0.50.00.51.00.7

The correlation between IBHD and BSJQ is 0.75, 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.

Risk-Adjusted Performance

IBHD vs. BSJQ - 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 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.


Sharpe ratio
The chart of Sharpe ratio for IBHD, currently valued at 3.97, compared to the broader market0.002.004.003.973.47
The chart of Sortino ratio for IBHD, currently valued at 6.15, compared to the broader market-2.000.002.004.006.008.0010.006.155.63
The chart of Omega ratio for IBHD, currently valued at 2.01, compared to the broader market0.501.001.502.002.503.002.011.73
The chart of Calmar ratio for IBHD, currently valued at 12.94, compared to the broader market0.005.0010.0015.0012.949.06
The chart of Martin ratio for IBHD, currently valued at 74.76, compared to the broader market0.0020.0040.0060.0080.00100.0074.7635.84
IBHD
BSJQ

The current IBHD Sharpe Ratio is 3.97, which is comparable to the BSJQ Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of IBHD and BSJQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.97
3.47
IBHD
BSJQ

Dividends

IBHD vs. BSJQ - Dividend Comparison

IBHD's dividend yield for the trailing twelve months is around 6.26%, less than BSJQ's 6.61% yield.


TTM202320222021202020192018
IBHD
iShares iBonds 2024 Term High Yield & Income ETF
6.26%6.90%4.91%4.43%5.50%3.59%0.00%
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF
6.61%6.58%5.58%4.28%4.64%5.53%2.39%

Drawdowns

IBHD vs. BSJQ - Drawdown Comparison

The maximum IBHD drawdown since its inception was -20.11%, smaller than the maximum BSJQ drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for IBHD and BSJQ. For additional features, visit the drawdowns tool.


-0.60%-0.50%-0.40%-0.30%-0.20%-0.10%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.25%
IBHD
BSJQ

Volatility

IBHD vs. BSJQ - Volatility Comparison

The current volatility for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) is 0.25%, while Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a volatility of 0.73%. This indicates that IBHD experiences smaller price fluctuations and is considered to be less risky than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.30%0.40%0.50%0.60%0.70%0.80%0.90%JuneJulyAugustSeptemberOctoberNovember
0.25%
0.73%
IBHD
BSJQ