ICVT vs. BSJP

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Convertible Bond ETF (ICVT) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP).

ICVT and BSJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015. BSJP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. It was launched on Sep 27, 2017. Both ICVT and BSJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ICVT vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Convertible Bond ETF (ICVT) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

ICVT vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICVT iShares Convertible Bond ETF	4.76%	18.10%	10.61%	15.35%	-20.66%	-0.66%	61.01%	21.76%	-0.27%	2.25%
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%	0.35%

Returns By Period

ICVT

• 1D: 1.14%
• 1M: -2.51%
• YTD: 4.76%
• 6M: 2.81%
• 1Y: 24.91%
• 3Y*: 14.62%
• 5Y*: 3.78%
• 10Y*: 12.37%

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ICVT vs. BSJP - Expense Ratio Comparison

ICVT has a 0.20% expense ratio, which is lower than BSJP's 0.42% expense ratio.

BSJP

Invesco BulletShares 2025 High Yield Corporate Bond ETF

ICVT

iShares Convertible Bond ETF

Return for Risk

ICVT vs. BSJP — Risk / Return Rank

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

ICVT

ICVT Risk / Return Rank: 87
ICVT Sharpe Ratio Rank: 86
ICVT Sortino Ratio Rank: 86
ICVT Omega Ratio Rank: 82
ICVT Calmar Ratio Rank: 92
ICVT Martin Ratio Rank: 88

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.

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.

	ICVT	BSJP	Difference
Sharpe ratio Return per unit of total volatility	1.78	—	—
Sortino ratio Return per unit of downside risk	2.41	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	3.36	—	—
Martin ratio Return relative to average drawdown	11.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ICVT	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	—	—

Correlation

The correlation between ICVT and BSJP is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ICVT vs. BSJP - Dividend Comparison

ICVT's dividend yield for the trailing twelve months is around 1.59%, less than BSJP's 3.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICVT iShares Convertible Bond ETF	1.59%	1.73%	2.19%	1.85%	1.93%	7.70%	3.98%	1.86%	4.82%	2.56%	3.06%	1.57%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	3.10%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	ICVT	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-33.25%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.25%	—	—
Current Drawdown Current decline from peak	-2.57%	—	—
Average Drawdown Average peak-to-trough decline	-9.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	—	—

Volatility

Volatility by Period

	ICVT	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	—	—