INRO vs. BSJO
Compare and contrast key facts about Blackrock U.S. Industry Rotation ETF (INRO) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
INRO and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INRO is an actively managed fund by BlackRock. It was launched on Mar 26, 2024. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INRO or BSJO.
Key characteristics
| INRO | BSJO | |
|---|---|---|
| Daily Std Dev | 16.58% | 1.57% |
| Max Drawdown | -10.52% | -21.98% |
| Current Drawdown | -3.01% | 0.00% |
Correlation
The correlation between INRO and BSJO is 0.29, 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.
Performance
INRO vs. BSJO - 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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INRO vs. BSJO - Expense Ratio Comparison
Both INRO and BSJO have an expense ratio of 0.42%.
Risk-Adjusted Performance
INRO vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock U.S. Industry Rotation ETF (INRO) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.
Not enough dataDividends
INRO vs. BSJO - Dividend Comparison
INRO's dividend yield for the trailing twelve months is around 0.13%, less than BSJO's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
INRO Blackrock U.S. Industry Rotation ETF | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.39% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.87% | 1.39% |
Drawdowns
INRO vs. BSJO - Drawdown Comparison
The maximum INRO drawdown since its inception was -10.52%, smaller than the maximum BSJO drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for INRO and BSJO. For additional features, visit the drawdowns tool.
Volatility
INRO vs. BSJO - Volatility Comparison
Blackrock U.S. Industry Rotation ETF (INRO) has a higher volatility of 4.85% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.28%. This indicates that INRO's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.