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

Key characteristics


IBHDBSJQ
YTD Return5.24%7.28%
1Y Return6.91%9.76%
3Y Return (Ann)4.10%3.23%
5Y Return (Ann)4.02%3.75%
Sharpe Ratio4.023.63
Sortino Ratio6.235.98
Omega Ratio2.021.78
Calmar Ratio13.189.64
Martin Ratio76.2038.76
Ulcer Index0.09%0.27%
Daily Std Dev1.69%2.87%
Max Drawdown-20.11%-24.15%
Current Drawdown-0.02%-0.34%

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.

Performance

IBHD vs. BSJQ - Performance Comparison

In the year-to-date period, IBHD achieves a 5.24% return, which is significantly lower than BSJQ's 7.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.92%
4.44%
IBHD
BSJQ

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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%

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.


IBHD
Sharpe ratio
The chart of Sharpe ratio for IBHD, currently valued at 4.02, compared to the broader market-2.000.002.004.004.02
Sortino ratio
The chart of Sortino ratio for IBHD, currently valued at 6.23, compared to the broader market-2.000.002.004.006.008.0010.0012.006.23
Omega ratio
The chart of Omega ratio for IBHD, currently valued at 2.02, compared to the broader market1.001.502.002.503.002.02
Calmar ratio
The chart of Calmar ratio for IBHD, currently valued at 13.18, compared to the broader market0.005.0010.0015.0013.18
Martin ratio
The chart of Martin ratio for IBHD, currently valued at 76.20, compared to the broader market0.0020.0040.0060.0080.00100.00120.0076.20
BSJQ
Sharpe ratio
The chart of Sharpe ratio for BSJQ, currently valued at 3.63, compared to the broader market-2.000.002.004.003.63
Sortino ratio
The chart of Sortino ratio for BSJQ, currently valued at 5.98, compared to the broader market-2.000.002.004.006.008.0010.0012.005.98
Omega ratio
The chart of Omega ratio for BSJQ, currently valued at 1.78, compared to the broader market1.001.502.002.503.001.78
Calmar ratio
The chart of Calmar ratio for BSJQ, currently valued at 9.64, compared to the broader market0.005.0010.0015.009.64
Martin ratio
The chart of Martin ratio for BSJQ, currently valued at 38.76, compared to the broader market0.0020.0040.0060.0080.00100.00120.0038.76

IBHD vs. BSJQ - Sharpe Ratio Comparison

The current IBHD Sharpe Ratio is 4.02, which is comparable to the BSJQ Sharpe Ratio of 3.63. 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
4.02
3.63
IBHD
BSJQ

Dividends

IBHD vs. BSJQ - Dividend Comparison

IBHD's dividend yield for the trailing twelve months is around 6.27%, less than BSJQ's 6.63% yield.


TTM202320222021202020192018
IBHD
iShares iBonds 2024 Term High Yield & Income ETF
6.27%6.90%4.91%4.43%5.50%3.59%0.00%
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF
6.63%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%JuneJulyAugustSeptemberOctoberNovember
-0.02%
-0.34%
IBHD
BSJQ

Volatility

IBHD vs. BSJQ - Volatility Comparison

The current volatility for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) is 0.24%, while Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a volatility of 0.77%. 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
0.24%
0.77%
IBHD
BSJQ