PGHY vs. BSJS
PGHY (Invesco Global Short Term High Yield Bond ETF) and BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) are both High Yield Bonds funds from Invesco - PGHY tracks the DB Global Short Maturity High Yield Bond Index while BSJS tracks the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. Both are passively managed. Over the past 5 years, PGHY returned 4.66%/yr vs 3.13%/yr for BSJS. Their 0.47 correlation means their historical movements had little consistent relationship. PGHY charges 0.35%/yr vs 0.42%/yr for BSJS.
Performance
PGHY vs. BSJS - Performance Comparison
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Returns By Period
In the year-to-date period, PGHY achieves a 2.42% return, which is significantly higher than BSJS's 2.27% return.
PGHY
- 1D
- -0.15%
- 1M
- -0.54%
- 6M
- 1.38%
- YTD
- 2.42%
- 1Y
- 5.54%
- 3Y*
- 8.37%
- 5Y*
- 4.66%
- 10Y*
- 4.14%
- ALL TIME*
- 4.14%
BSJS
- 1D
- 0.09%
- 1M
- 0.25%
- 6M
- 1.76%
- YTD
- 2.27%
- 1Y
- 5.16%
- 3Y*
- 8.14%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.78M | $4.52M | $3.44M | |
| $921.90K | $935.56K | $975.15K |
PGHY vs. BSJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PGHY Invesco Global Short Term High Yield Bond ETF | 2.42% | 8.88% | 8.39% | 10.15% | -5.50% | 1.22% | 3.04% |
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2.27% | 8.31% | 7.38% | 12.28% | -13.69% | 3.40% | 3.92% |
Correlation
The correlation between PGHY and BSJS is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.47 |
The correlation between PGHY and BSJS has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
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Return for Risk
PGHY vs. BSJS — Risk / Return Rank
PGHY
BSJS
PGHY vs. BSJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Short Term High Yield Bond ETF (PGHY) and Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS). 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.
| PGHY | BSJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.23 | -1.35 |
| Martin ratioReturn relative to average drawdown | 7.15 | 15.84 | -8.69 |
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Drawdowns
PGHY vs. BSJS - Drawdown Comparison
The maximum PGHY drawdown since its inception was -20.50%, which is greater than BSJS's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for PGHY and BSJS.
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Drawdown Indicators
| PGHY | BSJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -17.73% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -1.64% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -4.44% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -9.38% | -17.73% | +8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | 0.00% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -3.89% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.33% | +0.47% |
Volatility
PGHY vs. BSJS - Volatility Comparison
Invesco Global Short Term High Yield Bond ETF (PGHY) has a higher volatility of 0.63% compared to Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) at 0.59%. This indicates that PGHY's price experiences larger fluctuations and is considered to be riskier than BSJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGHY | BSJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.59% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 2.10% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 2.73% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 7.38% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.00% | 7.05% | -0.05% |
PGHY vs. BSJS - Expense Ratio Comparison
PGHY has a 0.35% expense ratio, which is lower than BSJS's 0.42% expense ratio.
Dividends
PGHY vs. BSJS - Dividend Comparison
PGHY's dividend yield for the trailing twelve months is around 7.16%, more than BSJS's 6.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.16% | 6.49% | 7.04% | 6.75% | 5.82% | 4.86% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.16% | 7.24% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% |
Frequently Asked Questions
PGHY and BSJS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGHY has higher volatility (0.63%) compared to BSJS (0.59%). In terms of maximum drawdown, PGHY dropped -20.50% vs BSJS's -17.73%.
On 5-year performance, PGHY leads with 4.66% vs 3.13% for BSJS. On fees, PGHY is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PGHY has performed better with a 4.66% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PGHY is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJS.
PGHY has the higher dividend yield at 7.16%, compared with 6.16% for BSJS.
PGHY tracks DB Global Short Maturity High Yield Bond Index, while BSJS tracks Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. Their fees differ too: 0.35% for PGHY and 0.42% for BSJS.
BSJS currently has the higher Sharpe Ratio (1.94 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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