SJT vs. BSJT
SJT (San Juan Basin Royalty Trust) is a stock, while BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) is High Yield Bonds fund tracking the Invesco BulletShares High Yield Corporate Bond 2029 Index. Over the past 3 years, SJT returned -31.38%/yr vs 8.21%/yr for BSJT. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
SJT vs. BSJT - Performance Comparison
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Returns By Period
In the year-to-date period, SJT achieves a -55.34% return, which is significantly lower than BSJT's 1.76% return.
SJT
- 1D
- -2.33%
- 1M
- -19.29%
- 6M
- -58.51%
- YTD
- -55.34%
- 1Y
- -57.02%
- 3Y*
- -31.38%
- 5Y*
- -6.87%
- 10Y*
- -1.16%
- ALL TIME*
- 4.72%
BSJT
- 1D
- 0.02%
- 1M
- 0.21%
- 6M
- 1.36%
- YTD
- 1.76%
- 1Y
- 5.29%
- 3Y*
- 8.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.86M | $3.88M | $3.84M | |
| $579.78K | $539.91K | $718.44K |
SJT vs. BSJT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SJT San Juan Basin Royalty Trust | -55.34% | 46.74% | -22.92% | -50.02% | 120.63% | 40.31% |
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 1.76% | 7.63% | 8.01% | 13.59% | -14.85% | -0.44% |
Correlation
The correlation between SJT and BSJT is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.15 |
The correlation between SJT and BSJT shifts across timeframes, from -0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SJT vs. BSJT — Risk / Return Rank
SJT
BSJT
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SJT | BSJT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.89 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.26 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.11 | -3.05 |
| Martin ratioReturn relative to average drawdown | -2.12 | 9.05 | -11.16 |
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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.
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Drawdown Indicators
| SJT | BSJT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.82% | -19.62% | -73.20% |
Max Drawdown (1Y)Largest decline over 1 year | -62.29% | -2.47% | -59.82% |
Max Drawdown (3Y)Largest decline over 3 years | -67.84% | -5.59% | -62.25% |
Max Drawdown (5Y)Largest decline over 5 years | -79.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.54% | — | — |
Current DrawdownCurrent decline from peak | -82.44% | 0.00% | -82.44% |
Average DrawdownAverage peak-to-trough decline | -37.80% | -5.27% | -32.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.69% | 0.58% | +27.11% |
Volatility
SJT vs. BSJT - Volatility Comparison
San Juan Basin Royalty Trust (SJT) has a higher volatility of 14.53% compared to Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) at 0.70%. 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.
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Volatility by Period
| SJT | BSJT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.53% | 0.70% | +13.83% |
Volatility (6M)Calculated over the trailing 6-month period | 29.16% | 2.67% | +26.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.32% | 3.62% | +34.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.36% | 8.08% | +40.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.59% | 8.08% | +41.51% |
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 6.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.63% | 6.77% | 6.65% | 6.42% | 5.45% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
SJT and BSJT 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.
SJT has higher volatility (14.53%) compared to BSJT (0.70%). In terms of maximum drawdown, SJT dropped -92.82% vs BSJT's -19.62%.
BSJT currently has the higher Sharpe Ratio (1.44 vs -1.53), 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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