PSH vs. BSJP

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM Short Duration High Yield ETF (PSH) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP).

PSH and BSJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSH is an actively managed fund by PGIM. It was launched on Dec 14, 2023. BSJP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. It was launched on Sep 27, 2017.

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.

PSH vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSH PGIM Short Duration High Yield ETF	0.41%	7.34%	7.96%	0.38%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	0.22%

Returns By Period

PSH

• 1D: 1.05%
• 1M: 0.01%
• YTD: 0.41%
• 6M: 1.51%
• 1Y: 6.27%
• 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 - Expense Ratio Comparison

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

PSH

PGIM Short Duration High Yield ETF

BSJP

Invesco BulletShares 2025 High Yield Corporate Bond ETF

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: 86
PSH Sharpe Ratio Rank: 83
PSH Sortino Ratio Rank: 88
PSH Omega Ratio Rank: 90
PSH Calmar Ratio Rank: 81
PSH Martin Ratio Rank: 87

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	1.61	—	—
Sortino ratio Return per unit of downside risk	2.42	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	2.26	—	—
Martin ratio Return relative to average drawdown	10.56	—	—
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	1.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.16	—	—

Correlation

The correlation between PSH and BSJP is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PSH vs. BSJP - Dividend Comparison

PSH's dividend yield for the trailing twelve months is around 7.61%, more than BSJP's 3.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSH PGIM Short Duration High Yield ETF	7.61%	6.62%	8.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	3.10%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%

Drawdowns

Drawdown Indicators

	PSH	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	—	—
Current Drawdown Current decline from peak	-0.30%	—	—
Average Drawdown Average peak-to-trough decline	-0.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	—	—

Volatility

Volatility by Period

	PSH	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	—	—