SJT vs. BSJT

Last updated Apr 1, 2026

Compare and contrast key facts about San Juan Basin Royalty Trust (SJT) and Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT).

BSJT is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares High Yield Corporate Bond 2029 Index. It was launched on Sep 15, 2021.

Performance

SJT vs. BSJT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in San Juan Basin Royalty Trust (SJT) and Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT). The values are adjusted to include any dividend payments, if applicable.

SJT vs. BSJT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SJT San Juan Basin Royalty Trust	-14.41%	46.74%	-22.92%	-50.02%	120.63%	32.24%
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF	-0.64%	7.63%	8.01%	13.59%	-14.85%	-0.52%

Returns By Period

In the year-to-date period, SJT achieves a -14.41% return, which is significantly lower than BSJT's -0.64% return.

SJT

• 1D: -2.63%
• 1M: -7.14%
• YTD: -14.41%
• 6M: -20.36%
• 1Y: -13.02%
• 3Y*: -21.24%
• 5Y*: 11.89%
• 10Y*: 7.27%

BSJT

• 1D: 0.96%
• 1M: -0.48%
• YTD: -0.64%
• 6M: 0.74%
• 1Y: 6.78%
• 3Y*: 7.82%
• 5Y*: —
• 10Y*: —

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

Return for Risk

SJT vs. BSJT — Risk / Return Rank

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

SJT

SJT Risk / Return Rank: 27
SJT Sharpe Ratio Rank: 27
SJT Sortino Ratio Rank: 25
SJT Omega Ratio Rank: 25
SJT Calmar Ratio Rank: 29
SJT Martin Ratio Rank: 30

BSJT

BSJT Risk / Return Rank: 71
BSJT Sharpe Ratio Rank: 71
BSJT Sortino Ratio Rank: 71
BSJT Omega Ratio Rank: 72
BSJT Calmar Ratio Rank: 64
BSJT Martin Ratio Rank: 77

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.

SJT vs. BSJT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for San Juan Basin Royalty Trust (SJT) and Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT). 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.

	SJT	BSJT	Difference
Sharpe ratio Return per unit of total volatility	-0.34	1.25	-1.59
Sortino ratio Return per unit of downside risk	-0.24	1.79	-2.03
Omega ratio Gain probability vs. loss probability	0.97	1.27	-0.30
Calmar ratio Return relative to maximum drawdown	-0.42	1.61	-2.03
Martin ratio Return relative to average drawdown	-0.76	8.21	-8.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJT vs. BSJT - Sharpe Ratio Comparison

The current SJT Sharpe Ratio is -0.34, which is lower than the BSJT Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SJT and BSJT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SJT	BSJT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	1.25	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.28	-0.12

Correlation

The correlation between SJT and BSJT is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SJT vs. BSJT - Dividend Comparison

SJT has not paid dividends to shareholders, while BSJT's dividend yield for the trailing twelve months is around 6.87%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SJT San Juan Basin Royalty Trust	0.00%	0.00%	2.89%	21.81%	14.58%	12.67%	5.96%	6.85%	8.03%	10.19%	5.05%	8.81%
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF	6.87%	6.77%	6.65%	6.42%	5.45%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SJT vs. BSJT - Drawdown Comparison

The maximum SJT drawdown since its inception was -92.82%, which is greater than BSJT's maximum drawdown of -19.62%. Use the drawdown chart below to compare losses from any high point for SJT and BSJT.

Drawdown Indicators

	SJT	BSJT	Difference
Max Drawdown Largest peak-to-trough decline	-92.82%	-19.62%	-73.20%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-4.15%	-27.53%
Max Drawdown (5Y) Largest decline over 5 years	-73.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.54%	—	—
Current Drawdown Current decline from peak	-66.34%	-1.35%	-64.99%
Average Drawdown Average peak-to-trough decline	-37.49%	-5.65%	-31.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.24%	0.81%	+16.43%

Volatility

SJT vs. BSJT - Volatility Comparison

San Juan Basin Royalty Trust (SJT) has a higher volatility of 9.95% compared to Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) at 1.81%. This indicates that SJT's price experiences larger fluctuations and is considered to be riskier than BSJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJT	BSJT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	1.81%	+8.14%
Volatility (6M) Calculated over the trailing 6-month period	26.12%	2.70%	+23.42%
Volatility (1Y) Calculated over the trailing 1-year period	38.50%	5.45%	+33.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.60%	8.33%	+40.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.44%	8.33%	+41.11%