SHYL vs. BSJR
SHYL (Xtrackers Short Duration High Yield Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds - SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, SHYL returned 4.91%/yr vs 3.40%/yr for BSJR. Their correlation of 0.89 suggests significant overlap in exposure. SHYL charges 0.20%/yr vs 0.42%/yr for BSJR.
Performance
SHYL vs. BSJR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SHYL having a 1.30% return and BSJR slightly lower at 1.27%.
SHYL
- 1D
- 0.15%
- 1M
- 0.20%
- YTD
- 1.30%
- 6M
- 1.76%
- 1Y
- 6.02%
- 3Y*
- 8.39%
- 5Y*
- 4.91%
- 10Y*
- —
BSJR
- 1D
- 0.15%
- 1M
- 0.25%
- YTD
- 1.27%
- 6M
- 1.81%
- 1Y
- 4.78%
- 3Y*
- 7.93%
- 5Y*
- 3.40%
- 10Y*
- —
SHYL vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.30% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 1.67% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.27% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
Correlation
The correlation between SHYL and BSJR is 0.78, 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 | 0.78 |
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 Sep 13, 2019 | 0.89 |
The correlation between SHYL and BSJR shifts across timeframes, from 0.78 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHYL vs. BSJR — Risk / Return Rank
SHYL
BSJR
SHYL vs. BSJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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.
| SHYL | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 4.13 | -0.33 |
| Martin ratioReturn relative to average drawdown | 14.98 | 19.06 | -4.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHYL | BSJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.27 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.51 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.43 | +0.29 |
Drawdowns
SHYL vs. BSJR - Drawdown Comparison
The maximum SHYL drawdown since its inception was -19.26%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for SHYL and BSJR.
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Drawdown Indicators
| SHYL | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -22.58% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -1.16% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -3.15% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -9.60% | -16.37% | +6.77% |
Current DrawdownCurrent decline from peak | -0.08% | -0.11% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -3.25% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.25% | +0.15% |
Volatility
SHYL vs. BSJR - Volatility Comparison
Xtrackers Short Duration High Yield Bond ETF (SHYL) has a higher volatility of 0.86% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.59%. This indicates that SHYL's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYL | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.59% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 1.45% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.12% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 6.73% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 9.36% | -2.67% |
SHYL vs. BSJR - Expense Ratio Comparison
SHYL has a 0.20% expense ratio, which is lower than BSJR's 0.42% expense ratio.
Dividends
SHYL vs. BSJR - Dividend Comparison
SHYL's dividend yield for the trailing twelve months is around 6.93%, more than BSJR's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.74% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% | 0.00% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.93% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% |
Frequently Asked Questions
SHYL and BSJR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYL has higher volatility (0.86%) compared to BSJR (0.59%). In terms of maximum drawdown, SHYL dropped -19.26% vs BSJR's -22.58%.
On 5-year performance, SHYL leads with 4.91% vs 3.40% for BSJR. On fees, SHYL is cheaper at 0.20% per year. On volatility, BSJR has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SHYL has performed better with a 4.91% return vs 3.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHYL is cheaper with a 0.20% expense ratio, compared with 0.42% for BSJR.
SHYL has the higher dividend yield at 6.93%, compared with 5.74% for BSJR.
SHYL tracks Solactive USD High Yield Corporates Total Market 0-5 Year Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. They also come from different issuers: Deutsche Bank and Invesco. Their fees differ too: 0.20% for SHYL and 0.42% for BSJR.
BSJR currently has the higher Sharpe Ratio (2.27 vs 1.89), 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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