USHY vs. BSJQ

Last updated Jun 4, 2026

USHY (iShares Broad USD High Yield Corporate Bond ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds - USHY tracks the ICE BofA US High Yield Constrained while BSJQ tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. Both are passively managed. Over the past 5 years, USHY returned 4.24%/yr vs 3.74%/yr for BSJQ. Their correlation of 0.88 suggests significant overlap in exposure. USHY charges 0.15%/yr vs 0.42%/yr for BSJQ.

Performance

USHY vs. BSJQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD High Yield Corporate Bond ETF (USHY) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USHY achieves a 1.42% return, which is significantly higher than BSJQ's 0.85% return.

USHY

• 1D: -0.27%
• 1M: 0.40%
• YTD: 1.42%
• 6M: 1.77%
• 1Y: 7.02%
• 3Y*: 8.91%
• 5Y*: 4.24%
• 10Y*: —

BSJQ

• 1D: 0.00%
• 1M: -0.28%
• YTD: 0.85%
• 6M: 1.28%
• 1Y: 4.62%
• 3Y*: 6.94%
• 5Y*: 3.74%
• 10Y*: —

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

USHY vs. BSJQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
USHY iShares Broad USD High Yield Corporate Bond ETF	1.42%	8.81%	8.45%	12.73%	-11.18%	5.02%	6.17%	14.24%	-3.46%
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF	0.85%	6.59%	7.49%	9.83%	-7.35%	4.53%	2.80%	16.74%	-4.08%

Correlation

The correlation between USHY and BSJQ is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.88

The correlation between USHY and BSJQ shifts across timeframes, from 0.70 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

USHY vs. BSJQ - Sectors Allocation Comparison

Sectors	USHY	BSJQ
Energy	99.2%	1.6%
Real Estate	0.8%	3.6%
Basic Materials	-	-
Communication Services	-	1.8%
Consumer Cyclical	-	7.0%
Consumer Defensive	-	-
Financial Services	-	39.0%
Healthcare	-	-
Industrials	-	2.1%
Technology	-	5.0%
Utilities	-	-

Return for Risk

USHY vs. BSJQ — Risk / Return Rank

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

USHY

USHY Risk / Return Rank: 60
USHY Sharpe Ratio Rank: 55
USHY Sortino Ratio Rank: 61
USHY Omega Ratio Rank: 60
USHY Calmar Ratio Rank: 58
USHY Martin Ratio Rank: 69

BSJQ

BSJQ Risk / Return Rank: 95
BSJQ Sharpe Ratio Rank: 92
BSJQ Sortino Ratio Rank: 95
BSJQ Omega Ratio Rank: 95
BSJQ Calmar Ratio Rank: 95
BSJQ Martin Ratio Rank: 97

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.

USHY vs. BSJQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) 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.

	USHY	BSJQ	Difference
Sharpe ratio: Return per unit of total volatility	1.93	3.35	-1.42
Sortino ratio: Return per unit of downside risk	2.91	5.25	-2.34
Omega ratio: Gain probability vs. loss probability	1.37	1.76	-0.39
Calmar ratio: Return relative to maximum drawdown	2.90	8.57	-5.66
Martin ratio: Return relative to average drawdown	13.03	41.55	-28.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USHY vs. BSJQ - Sharpe Ratio Comparison

The current USHY Sharpe Ratio is 1.93, which is lower than the BSJQ Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of USHY 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.

Sharpe Ratios by Period

	USHY	BSJQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	3.35	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.66	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.54	+0.04

Drawdowns

USHY vs. BSJQ - Drawdown Comparison

The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for USHY and BSJQ.

Drawdown Indicators

	USHY	BSJQ	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-24.13%	+1.69%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	-0.54%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-2.66%	-2.00%
Max Drawdown (5Y) Largest decline over 5 years	-15.56%	-11.95%	-3.61%
Current Drawdown Current decline from peak	-0.27%	-0.43%	+0.16%
Average Drawdown Average peak-to-trough decline	-2.67%	-2.17%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.11%	+0.43%

Volatility

USHY vs. BSJQ - Volatility Comparison

iShares Broad USD High Yield Corporate Bond ETF (USHY) has a higher volatility of 1.13% compared to Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) at 0.54%. This indicates that USHY'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.

Volatility by Period

	USHY	BSJQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	0.54%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	0.98%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	1.38%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.34%	5.73%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.25%	8.45%	-0.20%

USHY vs. BSJQ - Expense Ratio Comparison

USHY has a 0.15% expense ratio, which is lower than BSJQ's 0.42% expense ratio.

Dividends

USHY vs. BSJQ - Dividend Comparison

USHY's dividend yield for the trailing twelve months is around 6.92%, more than BSJQ's 5.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
USHY iShares Broad USD High Yield Corporate Bond ETF	6.92%	6.79%	6.89%	6.63%	6.08%	5.07%	5.30%	5.92%	6.30%	0.73%

Frequently Asked Questions

Can I hold both USHY and BSJQ in my portfolio?

USHY and BSJQ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USHY or BSJQ?

USHY has higher volatility (1.13%) compared to BSJQ (0.54%). In terms of maximum drawdown, USHY dropped -22.44% vs BSJQ's -24.13%.

Which ETF is better, USHY or BSJQ?

On 5-year performance, USHY leads with 4.24% vs 3.74% for BSJQ. On fees, USHY is cheaper at 0.15% 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.

Which ETF has performed better, USHY or BSJQ?

Over the 5-year period, USHY has performed better with a 4.24% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USHY or BSJQ?

USHY is cheaper with a 0.15% expense ratio, compared with 0.42% for BSJQ.

Which ETF pays a higher dividend yield, USHY or BSJQ?

USHY has the higher dividend yield at 6.92%, compared with 5.83% for BSJQ.

What is the main difference between USHY and BSJQ?

USHY tracks ICE BofA US High Yield Constrained, 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: 0.15% for USHY and 0.42% for BSJQ.

Which has better risk-adjusted returns?

BSJQ currently has the higher Sharpe Ratio (3.35 vs 1.93), 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.