IHYAX vs. BSJN
Compare and contrast key facts about Voya High Yield Bond Fund (IHYAX) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN).
IHYAX is managed by Voya. It was launched on Dec 15, 1998. BSJN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2023 Index. It was launched on Oct 7, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHYAX or BSJN.
Key characteristics
| IHYAX | BSJN |
|---|
Correlation
The correlation between IHYAX and BSJN is 0.44, 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.
Performance
IHYAX vs. BSJN - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IHYAX vs. BSJN - Expense Ratio Comparison
IHYAX has a 1.04% expense ratio, which is higher than BSJN's 0.42% expense ratio.
Risk-Adjusted Performance
IHYAX vs. BSJN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Bond Fund (IHYAX) and Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN). 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.
Dividends
IHYAX vs. BSJN - Dividend Comparison
IHYAX's dividend yield for the trailing twelve months is around 6.35%, while BSJN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | 6.35% | 5.93% | 5.34% | 4.82% | 5.01% | 5.18% | 5.65% | 5.20% | 5.17% | 5.54% | 5.44% | 5.49% |
BSJN Invesco BulletShares 2023 High Yield Corporate Bond ETF | 0.61% | 4.80% | 4.16% | 3.60% | 4.67% | 5.38% | 5.58% | 4.97% | 4.72% | 1.05% | 0.00% | 0.00% |
Drawdowns
IHYAX vs. BSJN - Drawdown Comparison
Volatility
IHYAX vs. BSJN - Volatility Comparison
Voya High Yield Bond Fund (IHYAX) has a higher volatility of 0.81% compared to Invesco BulletShares 2023 High Yield Corporate Bond ETF (BSJN) at 0.00%. This indicates that IHYAX's price experiences larger fluctuations and is considered to be riskier than BSJN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.