PHYD vs. BSJQ
PHYD (Putnam ESG High Yield ETF -) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds. PHYD is actively managed, while BSJQ is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. PHYD charges 0.55%/yr vs 0.42%/yr for BSJQ.
Performance
PHYD vs. BSJQ - Performance Comparison
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Returns By Period
PHYD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSJQ
- 1D
- 0.00%
- 1M
- -0.05%
- 6M
- 1.08%
- YTD
- 1.10%
- 1Y
- 4.01%
- 3Y*
- 6.51%
- 5Y*
- 3.67%
- 10Y*
- —
PHYD vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.10% | 6.59% | 7.49% | 7.22% |
Correlation
The correlation between PHYD and BSJQ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.72 |
The correlation between PHYD and BSJQ shifts across timeframes, from 0.60 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PHYD vs. BSJQ — Risk / Return Rank
PHYD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSJQ
PHYD vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.
| PHYD | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.68 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.44 | — |
| Martin ratioReturn relative to average drawdown | — | 28.61 | — |
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Drawdowns
PHYD vs. BSJQ - Drawdown Comparison
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Drawdown Indicators
| PHYD | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -24.13% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.95% | — |
Current DrawdownCurrent decline from peak | — | -0.18% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.14% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.14% | — |
Volatility
PHYD vs. BSJQ - Volatility Comparison
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Volatility by Period
| PHYD | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.33% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.73% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.38% | — |
PHYD vs. BSJQ - Expense Ratio Comparison
PHYD has a 0.55% expense ratio, which is higher than BSJQ's 0.42% expense ratio.
Dividends
PHYD vs. BSJQ - Dividend Comparison
PHYD has not paid dividends to shareholders, while BSJQ's dividend yield for the trailing twelve months is around 5.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.78% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
PHYD Putnam ESG High Yield ETF - | 8.52% | 6.63% | 6.80% | 6.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PHYD and BSJQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSJQ is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSJQ is cheaper with a 0.42% expense ratio, compared with 0.55% for PHYD.
PHYD has the higher dividend yield at 8.52%, compared with 5.78% for BSJQ.
They also come from different issuers: Putnam and Invesco. Their fees differ too: 0.55% for PHYD and 0.42% for BSJQ.
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