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SHYG vs. BSJQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHYG vs. BSJQ

Last updated Jun 5, 2026

SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - SHYG tracks the Markit iBoxx USD Liquid High Yield 0-5 Index while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Over the past 5 years, SHYG returned 4.86%/yr vs 3.75%/yr for BSJQ. Their correlation of 0.88 suggests significant overlap in exposure. SHYG charges 0.30%/yr vs 0.42%/yr for BSJQ.

Performance

SHYG vs. BSJQ - 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 2026 High Yield Corp Bond ETF (BSJQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHYG achieves a 1.58% return, which is significantly higher than BSJQ's 0.89% return.

SHYG

1D
0.14%
1M
0.32%
YTD
1.58%
6M
2.09%
1Y
6.52%
3Y*
8.16%
5Y*
4.86%
10Y*
5.16%

BSJQ

1D
0.04%
1M
-0.26%
YTD
0.89%
6M
1.20%
1Y
4.61%
3Y*
7.03%
5Y*
3.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHYG vs. BSJQ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF		1.58%7.94%8.17%10.38%-4.71%4.60%3.15%9.93%-2.40%
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF		0.89%6.59%7.49%9.83%-7.35%4.53%2.80%16.74%-4.08%

Correlation

The correlation between SHYG and BSJQ is 0.71, 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

0.71

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

0.87

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

0.91

Correlation (All Time)
Calculated using the full available price history since Aug 10, 2018

0.88

The correlation between SHYG and BSJQ shifts across timeframes, from 0.71 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.

SHYG vs. BSJQ - Sectors Allocation Comparison

Sectors
SHYG
BSJQ

Utilities

99.3%

-

Real Estate

0.7%
3.6%

Basic Materials

-

-

Communication Services

-

1.8%

Consumer Cyclical

-

7.0%

Consumer Defensive

-

-

Energy

-

1.6%

Financial Services

-

39.0%

Healthcare

-

-

Industrials

-

2.1%

Technology

-

5.0%

Utilities

SHYG
99.3%
BSJQ

-

Real Estate

SHYG
0.7%
BSJQ
3.6%

Basic Materials

SHYG

-

BSJQ

-

Communication Services

SHYG

-

BSJQ
1.8%

Consumer Cyclical

SHYG

-

BSJQ
7.0%

Consumer Defensive

SHYG

-

BSJQ

-

Energy

SHYG

-

BSJQ
1.6%

Financial Services

SHYG

-

BSJQ
39.0%

Healthcare

SHYG

-

BSJQ

-

Industrials

SHYG

-

BSJQ
2.1%

Technology

SHYG

-

BSJQ
5.0%

Compare stocks, funds, or ETFs

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iShares 0-5 Year High Yield Corporate Bond ETF

Invesco BulletShares 2026 High Yield Corp Bond ETF

Often compared with SHYG:
SHYG vs. HYGSHYG vs. SJNKSHYG vs. SPHYSHYG vs. SHYSHYG vs. SHYLSHYG vs. LQDSHYG vs. HYDB
Often compared with BSJQ:
BSJQ vs. BSCQBSJQ vs. IBHDBSJQ vs. BSJPBSJQ vs. CLOZBSJQ vs. IBHFBSJQ vs. SPHYBSJQ vs. FBND

Return for Risk

SHYG vs. BSJQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHYG
SHYG Risk / Return Rank: 7373
Overall Rank
SHYG Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SHYG Sortino Ratio Rank: 7171
Sortino Ratio Rank
SHYG Omega Ratio Rank: 7171
Omega Ratio Rank
SHYG Calmar Ratio Rank: 7575
Calmar Ratio Rank
SHYG Martin Ratio Rank: 8282
Martin Ratio Rank
BSJQ
BSJQ Risk / Return Rank: 9595
Overall Rank
BSJQ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
BSJQ Sortino Ratio Rank: 9595
Sortino Ratio Rank
BSJQ Omega Ratio Rank: 9696
Omega Ratio Rank
BSJQ Calmar Ratio Rank: 9595
Calmar Ratio Rank
BSJQ Martin Ratio Rank: 9797
Martin Ratio Rank
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. BSJQ - 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 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.

SHYGBSJQDifference
Sharpe ratioReturn per unit of total volatility
2.07
3.34

-1.27

Sortino ratioReturn per unit of downside risk
3.18
5.24

-2.06

Omega ratioGain probability vs. loss probability

1.42

1.76

-0.34

Calmar ratioReturn relative to maximum drawdown

3.74

8.55

-4.80

Martin ratioReturn relative to average drawdown

16.31

40.68

-24.37

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. BSJQ - Sharpe Ratio Comparison

The current SHYG Sharpe Ratio is 2.07, which is lower than the BSJQ Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of SHYG and BSJQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SHYGBSJQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

3.34

-1.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.66

+0.19

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

0.54

+0.19

Drawdowns

SHYG vs. BSJQ - Drawdown Comparison

The maximum SHYG drawdown since its inception was -19.26%, smaller than the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for SHYG and BSJQ.

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Drawdown Indicators

SHYGBSJQDifference

Max Drawdown

Largest peak-to-trough decline

-19.26%

-24.13%

+4.87%

Max Drawdown (1Y)

Largest decline over 1 year

-1.75%

-0.54%

-1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-4.53%

-2.66%

-1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-9.39%

-11.95%

+2.56%

Max Drawdown (10Y)

Largest decline over 10 years

-19.26%

—

—

Current Drawdown

Current decline from peak

-0.10%

-0.39%

+0.29%

Average Drawdown

Average peak-to-trough decline

-1.44%

-2.17%

+0.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.40%

0.11%

+0.29%

Volatility

SHYG vs. BSJQ - Volatility Comparison

iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a higher volatility of 0.93% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 0.54%. This indicates that SHYG's price experiences larger fluctuations and is considered to be riskier than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SHYGBSJQDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.93%

0.54%

+0.39%

Volatility (6M)

Calculated over the trailing 6-month period

2.51%

0.98%

+1.53%

Volatility (1Y)

Calculated over the trailing 1-year period

3.16%

1.38%

+1.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.73%

5.73%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.42%

8.44%

-2.02%

SHYG vs. BSJQ - Expense Ratio Comparison

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

Dividends

SHYG vs. BSJQ - Dividend Comparison

SHYG's dividend yield for the trailing twelve months is around 7.01%, more than BSJQ's 5.83% yield.

PositionTTM20252024202320222021202020192018201720162015
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF		5.83%6.10%6.58%6.58%5.58%4.27%4.64%4.59%2.39%0.00%0.00%0.00%
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF		7.01%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 BSJQ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SHYG has higher volatility (0.93%) compared to BSJQ (0.54%). In terms of maximum drawdown, SHYG dropped -19.26% vs BSJQ's -24.13%.

On 5-year performance, SHYG leads with 4.86% vs 3.75% for BSJQ. On fees, SHYG is cheaper at 0.30% per year. On volatility, BSJQ has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SHYG has performed better with a 4.86% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

SHYG has the higher dividend yield at 7.01%, compared with 5.83% for BSJQ.

SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index, while BSJQ tracks NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for SHYG and 0.42% for BSJQ.

BSJQ currently has the higher Sharpe Ratio (3.34 vs 2.07), 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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