ICVT vs. BSJP
ICVT (iShares Convertible Bond ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both exchange-traded funds - ICVT is a Preferred Stock/Convertible Bonds fund tracking the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index, while BSJP is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. ICVT charges 0.20%/yr vs 0.42%/yr for BSJP.
Performance
ICVT vs. BSJP - Performance Comparison
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Returns By Period
ICVT
- 1D
- -1.95%
- 1M
- 3.04%
- YTD
- 24.42%
- 6M
- 22.70%
- 1Y
- 40.17%
- 3Y*
- 20.04%
- 5Y*
- 6.76%
- 10Y*
- 14.18%
BSJP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICVT vs. BSJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 24.42% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 3.34% |
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 0.00% | 4.46% | 8.07% | 10.41% | -5.16% | 4.57% | 4.16% | 16.89% | -4.66% | 0.43% |
Correlation
The correlation between ICVT and BSJP is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.54 |
Over the past year, the correlation between ICVT and BSJP has dropped to 0.01 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
ICVT vs. BSJP — Risk / Return Rank
ICVT
BSJP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICVT vs. BSJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Convertible Bond ETF (ICVT) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICVT | BSJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | — | — |
| Martin ratioReturn relative to average drawdown | 18.22 | — | — |
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Drawdowns
ICVT vs. BSJP - Drawdown Comparison
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Drawdown Indicators
| ICVT | BSJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | — | — |
Current DrawdownCurrent decline from peak | -1.95% | — | — |
Average DrawdownAverage peak-to-trough decline | -9.46% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | — | — |
Volatility
ICVT vs. BSJP - Volatility Comparison
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Volatility by Period
| ICVT | BSJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | — | — |
ICVT vs. BSJP - Expense Ratio Comparison
ICVT has a 0.20% expense ratio, which is lower than BSJP's 0.42% expense ratio.
Dividends
ICVT vs. BSJP - Dividend Comparison
ICVT's dividend yield for the trailing twelve months is around 1.30%, less than BSJP's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 1.89% | 4.50% | 6.25% | 7.07% | 5.37% | 4.27% | 4.96% | 5.49% | 5.84% | 1.32% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 1.30% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Frequently Asked Questions
ICVT and BSJP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICVT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICVT is cheaper with a 0.20% expense ratio, compared with 0.42% for BSJP.
BSJP has the higher dividend yield at 1.89%, compared with 1.30% for ICVT.
ICVT is categorized as Preferred Stock/Convertible Bonds, while BSJP is High Yield Bonds. ICVT tracks Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index, while BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for ICVT and 0.42% for BSJP.
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