ICLO vs. BSJV

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Aaa CLO Floating Rate Note ETF (ICLO) and Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV).

ICLO and BSJV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICLO is an actively managed fund by Invesco. It was launched on Dec 9, 2022. BSJV is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2031. It was launched on Sep 11, 2023.

Performance

ICLO vs. BSJV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Aaa CLO Floating Rate Note ETF (ICLO) and Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV). The values are adjusted to include any dividend payments, if applicable.

ICLO vs. BSJV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ICLO Invesco Aaa CLO Floating Rate Note ETF	1.08%	5.27%	7.05%	2.50%
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF	-1.14%	9.50%	5.66%	7.24%

Returns By Period

In the year-to-date period, ICLO achieves a 1.08% return, which is significantly higher than BSJV's -1.14% return.

ICLO

• 1D: 0.02%
• 1M: 0.25%
• YTD: 1.08%
• 6M: 2.27%
• 1Y: 5.59%
• 3Y*: 6.89%
• 5Y*: —
• 10Y*: —

BSJV

• 1D: 1.07%
• 1M: -1.61%
• YTD: -1.14%
• 6M: 0.18%
• 1Y: 6.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ICLO vs. BSJV - Expense Ratio Comparison

ICLO has a 0.26% expense ratio, which is lower than BSJV's 0.42% expense ratio.

BSJV

Invesco BulletShares 2031 High Yield Corporate Bond ETF

ICLO

Invesco Aaa CLO Floating Rate Note ETF

Return for Risk

ICLO vs. BSJV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICLO

ICLO Risk / Return Rank: 80
ICLO Sharpe Ratio Rank: 74
ICLO Sortino Ratio Rank: 69
ICLO Omega Ratio Rank: 97
ICLO Calmar Ratio Rank: 63
ICLO Martin Ratio Rank: 97

BSJV

BSJV Risk / Return Rank: 61
BSJV Sharpe Ratio Rank: 59
BSJV Sortino Ratio Rank: 58
BSJV Omega Ratio Rank: 61
BSJV Calmar Ratio Rank: 58
BSJV Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICLO vs. BSJV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Aaa CLO Floating Rate Note ETF (ICLO) and Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV). 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.

	ICLO	BSJV	Difference
Sharpe ratio Return per unit of total volatility	1.38	1.05	+0.33
Sortino ratio Return per unit of downside risk	1.81	1.52	+0.29
Omega ratio Gain probability vs. loss probability	1.55	1.23	+0.32
Calmar ratio Return relative to maximum drawdown	1.70	1.49	+0.20
Martin ratio Return relative to average drawdown	21.35	6.98	+14.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICLO vs. BSJV - Sharpe Ratio Comparison

The current ICLO Sharpe Ratio is 1.38, which is higher than the BSJV Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ICLO and BSJV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICLO	BSJV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.05	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	2.79	1.35	+1.44

Correlation

The correlation between ICLO and BSJV is 0.14, 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.

Dividends

ICLO vs. BSJV - Dividend Comparison

ICLO's dividend yield for the trailing twelve months is around 5.35%, less than BSJV's 6.63% yield.

	TTM	2025	2024	2023
ICLO Invesco Aaa CLO Floating Rate Note ETF	5.35%	5.49%	6.51%	7.01%
BSJV Invesco BulletShares 2031 High Yield Corporate Bond ETF	6.63%	6.52%	6.67%	1.62%

Drawdowns

ICLO vs. BSJV - Drawdown Comparison

The maximum ICLO drawdown since its inception was -3.47%, smaller than the maximum BSJV drawdown of -5.22%. Use the drawdown chart below to compare losses from any high point for ICLO and BSJV.

Drawdown Indicators

	ICLO	BSJV	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-5.22%	+1.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.30%	-4.47%	+1.17%
Current Drawdown Current decline from peak	0.00%	-2.03%	+2.03%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.81%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.96%	-0.70%

Volatility

ICLO vs. BSJV - Volatility Comparison

The current volatility for Invesco Aaa CLO Floating Rate Note ETF (ICLO) is 0.32%, while Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) has a volatility of 2.57%. This indicates that ICLO experiences smaller price fluctuations and is considered to be less risky than BSJV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICLO	BSJV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	2.57%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	0.79%	3.37%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	6.33%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.48%	6.28%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.48%	6.28%	-3.80%