Correlation
The correlation between NRSH and BSJO is 0.21, 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.
NRSH vs. BSJO
Compare and contrast key facts about Aztlan North America Nearshoring Stock Selection ETF (NRSH) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
NRSH and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NRSH is a passively managed fund by Aztlan that tracks the performance of the Aztlan North America Nearshoring Price Return Index - Benchmark Price Return. It was launched on Nov 29, 2023. 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. Both NRSH and BSJO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRSH or BSJO.
Performance
NRSH vs. BSJO - Performance Comparison
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Key characteristics
Returns By Period
NRSH
4.72%
8.07%
-7.47%
7.66%
N/A
N/A
N/A
BSJO
N/A
N/A
N/A
N/A
N/A
N/A
N/A
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NRSH vs. BSJO - Expense Ratio Comparison
NRSH has a 0.75% expense ratio, which is higher than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
NRSH vs. BSJO — Risk-Adjusted Performance Rank
NRSH
BSJO
NRSH vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aztlan North America Nearshoring Stock Selection ETF (NRSH) 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.
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Dividends
NRSH vs. BSJO - Dividend Comparison
NRSH's dividend yield for the trailing twelve months is around 0.86%, while BSJO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRSH Aztlan North America Nearshoring Stock Selection ETF | 0.86% | 0.90% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 2.85% | 5.38% | 6.05% | 4.89% | 4.05% | 4.51% | 5.11% | 5.69% | 4.69% | 1.39% |
Drawdowns
NRSH vs. BSJO - Drawdown Comparison
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Volatility
NRSH vs. BSJO - Volatility Comparison
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