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SHYG vs. BSJP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHYG vs. BSJP

Last updated Jun 4, 2026

SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds - SHYG tracks the Markit iBoxx USD Liquid High Yield 0-5 Index while BSJP tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. Both are passively managed. A 0.80 correlation means they provide meaningful diversification when combined. SHYG charges 0.30%/yr vs 0.42%/yr for BSJP.

Performance

SHYG vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SHYG

1D
-0.24%
1M
0.35%
YTD
1.44%
6M
1.95%
1Y
6.50%
3Y*
8.12%
5Y*
4.83%
10Y*
5.18%

BSJP

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHYG vs. BSJP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF		1.44%7.94%8.17%10.38%-4.71%4.60%3.15%9.93%0.02%0.34%
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF		0.00%4.46%8.07%10.41%-5.16%4.57%4.16%16.89%-4.66%0.35%

Correlation

The correlation between SHYG and BSJP is -0.01, 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

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2017

0.80

The correlation between SHYG and BSJP shifts across timeframes, from -0.01 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

SHYG vs. BSJP - Sectors Allocation Comparison

Sectors
SHYG
BSJP

Utilities

99.3%

-

Real Estate

0.7%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

0.1%

Financial Services

-

95.2%

Healthcare

-

-

Industrials

-

4.7%

Technology

-

-

Utilities

SHYG
99.3%
BSJP

-

Real Estate

SHYG
0.7%
BSJP

-

Basic Materials

SHYG

-

BSJP

-

Communication Services

SHYG

-

BSJP

-

Consumer Cyclical

SHYG

-

BSJP

-

Consumer Defensive

SHYG

-

BSJP

-

Energy

SHYG

-

BSJP
0.1%

Financial Services

SHYG

-

BSJP
95.2%

Healthcare

SHYG

-

BSJP

-

Industrials

SHYG

-

BSJP
4.7%

Technology

SHYG

-

BSJP

-

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iShares 0-5 Year High Yield Corporate Bond ETF

Invesco BulletShares 2025 High Yield Corporate Bond ETF

Often compared with SHYG:
SHYG vs. HYGSHYG vs. SJNKSHYG vs. SPHYSHYG vs. SHYSHYG vs. SHYLSHYG vs. LQDSHYG vs. HYDB
Often compared with BSJP:
BSJP vs. BSJOBSJP vs. BSJQBSJP vs. FLRTBSJP vs. BSJSBSJP vs. BSJUBSJP vs. BSJTBSJP vs. HYG

Return for Risk

SHYG vs. BSJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHYG
SHYG Risk / Return Rank: 7070
Overall Rank
SHYG Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SHYG Sortino Ratio Rank: 6868
Sortino Ratio Rank
SHYG Omega Ratio Rank: 6767
Omega Ratio Rank
SHYG Calmar Ratio Rank: 7474
Calmar Ratio Rank
SHYG Martin Ratio Rank: 8080
Martin Ratio Rank
BSJP
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.

SHYG vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) 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.

SHYGBSJPDifference
Sharpe ratioReturn per unit of total volatility
2.07

—

—

Sortino ratioReturn per unit of downside risk
3.17

—

—

Omega ratioGain probability vs. loss probability

1.41

—

—

Calmar ratioReturn relative to maximum drawdown

3.73

—

—

Martin ratioReturn relative to average drawdown

16.23

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHYG vs. BSJP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SHYGBSJPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

—

—

Drawdowns

SHYG vs. BSJP - Drawdown Comparison

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Drawdown Indicators

SHYGBSJPDifference

Max Drawdown

Largest peak-to-trough decline

-19.26%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-1.75%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-4.53%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-9.39%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-19.26%

—

—

Current Drawdown

Current decline from peak

-0.24%

—

—

Average Drawdown

Average peak-to-trough decline

-1.44%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.40%

—

—

Volatility

SHYG vs. BSJP - Volatility Comparison

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Volatility by Period

SHYGBSJPDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.94%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

2.51%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.16%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.42%

—

—

SHYG vs. BSJP - Expense Ratio Comparison

SHYG has a 0.30% expense ratio, which is lower than BSJP's 0.42% expense ratio.

Dividends

SHYG vs. BSJP - Dividend Comparison

SHYG's dividend yield for the trailing twelve months is around 7.02%, more than BSJP's 2.26% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF		7.02%7.03%6.93%6.54%5.57%4.83%5.07%5.33%5.90%5.49%5.53%5.17%

Frequently Asked Questions

SHYG and BSJP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SHYG is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SHYG is cheaper with a 0.30% expense ratio, compared with 0.42% for BSJP.

SHYG has the higher dividend yield at 7.02%, compared with 2.26% for BSJP.

SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index, while BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for SHYG and 0.42% for BSJP.

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