XVOL vs. BSJO
Compare and contrast key facts about Acruence Active Hedge U.S. Equity ETF (XVOL) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO).
XVOL and BSJO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XVOL is an actively managed fund by Toroso Investments. It was launched on Apr 22, 2021. BSJO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2024 TR Index. It was launched on Sep 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XVOL or BSJO.
Key characteristics
| XVOL | BSJO | |
|---|---|---|
| YTD Return | 25.20% | 4.88% |
| 1Y Return | 36.38% | 6.97% |
| 3Y Return (Ann) | 2.49% | 2.13% |
| Sharpe Ratio | 1.84 | 5.57 |
| Sortino Ratio | 2.66 | 11.45 |
| Omega Ratio | 1.47 | 2.72 |
| Calmar Ratio | 1.59 | 8.43 |
| Martin Ratio | 7.54 | 111.26 |
| Ulcer Index | 4.74% | 0.06% |
| Daily Std Dev | 19.47% | 1.25% |
| Max Drawdown | -25.82% | -21.98% |
| Current Drawdown | -2.21% | 0.00% |
Correlation
The correlation between XVOL and BSJO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XVOL vs. BSJO - Performance Comparison
In the year-to-date period, XVOL achieves a 25.20% return, which is significantly higher than BSJO's 4.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XVOL vs. BSJO - Expense Ratio Comparison
XVOL has a 0.83% expense ratio, which is higher than BSJO's 0.42% expense ratio.
Risk-Adjusted Performance
XVOL vs. BSJO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Acruence Active Hedge U.S. Equity ETF (XVOL) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.
Dividends
XVOL vs. BSJO - Dividend Comparison
XVOL's dividend yield for the trailing twelve months is around 0.87%, less than BSJO's 5.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
XVOL Acruence Active Hedge U.S. Equity ETF | 0.87% | 1.09% | 2.86% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF | 5.90% | 6.05% | 4.89% | 4.06% | 4.51% | 5.10% | 5.68% | 4.87% | 1.39% |
Drawdowns
XVOL vs. BSJO - Drawdown Comparison
The maximum XVOL drawdown since its inception was -25.82%, which is greater than BSJO's maximum drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for XVOL and BSJO. For additional features, visit the drawdowns tool.
Volatility
XVOL vs. BSJO - Volatility Comparison
Acruence Active Hedge U.S. Equity ETF (XVOL) has a higher volatility of 4.76% compared to Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO) at 0.13%. This indicates that XVOL's price experiences larger fluctuations and is considered to be riskier than BSJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.