PSH vs. BSJP

Last updated Jun 4, 2026

PSH (PGIM Short Duration High Yield ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds. PSH is actively managed, while BSJP is passively managed. At a 0.50 correlation, their price movements are largely independent. PSH charges 0.45%/yr vs 0.42%/yr for BSJP.

Performance

PSH vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration High Yield ETF (PSH) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSH

• 1D: -0.11%
• 1M: 0.08%
• YTD: 1.88%
• 6M: 2.38%
• 1Y: 6.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSH vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSH PGIM Short Duration High Yield ETF	1.88%	7.34%	7.96%	0.38%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	0.22%

Correlation

The correlation between PSH and BSJP is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.50

Over the past year, the correlation between PSH and BSJP has dropped to 0.09 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

PSH vs. BSJP - Sectors Allocation Comparison

Sectors	PSH	BSJP
Financial Services	1.3%	95.2%
Energy	0.1%	0.1%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Industrials	-	4.7%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PSH vs. BSJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSH

PSH Risk / Return Rank: 71
PSH Sharpe Ratio Rank: 60
PSH Sortino Ratio Rank: 69
PSH Omega Ratio Rank: 72
PSH Calmar Ratio Rank: 82
PSH Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSH vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield ETF (PSH) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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.

	PSH	BSJP	Difference
Sharpe ratio Return per unit of total volatility	2.04	—	—
Sortino ratio Return per unit of downside risk	3.19	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	4.33	—	—
Martin ratio Return relative to average drawdown	12.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSH	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.21	—	—

Drawdowns

Drawdown Indicators

	PSH	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	—	—
Current Drawdown Current decline from peak	-0.16%	—	—
Average Drawdown Average peak-to-trough decline	-0.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	—	—

Volatility

Volatility by Period

	PSH	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	—	—

PSH vs. BSJP - Expense Ratio Comparison

PSH has a 0.45% expense ratio, which is higher than BSJP's 0.42% expense ratio.

Dividends

PSH vs. BSJP - Dividend Comparison

PSH's dividend yield for the trailing twelve months is around 6.66%, more than BSJP's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%
PSH PGIM Short Duration High Yield ETF	6.66%	6.62%	8.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSH and BSJP in my portfolio?

PSH and BSJP have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSH or BSJP?

On fees, BSJP is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSH or BSJP?

BSJP is cheaper with a 0.42% expense ratio, compared with 0.45% for PSH.

Which ETF pays a higher dividend yield, PSH or BSJP?

PSH has the higher dividend yield at 6.66%, compared with 2.26% for BSJP.

What is the main difference between PSH and BSJP?

They also come from different issuers: PGIM and Invesco. Their fees differ too: 0.45% for PSH and 0.42% for BSJP.