BSJP vs PHB
Invesco BulletShares 2025 High Yield Corporate Bond ETF vs Invesco Fundamental High Yield Corporate Bond ETF
Which is better, BSJP or PHB?
BSJP costs less.
BSJP has a lower expense ratio. The two have moved almost in lockstep, correlation 0.93.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSJP | PHB |
|---|---|---|
| Expense Ratio | 0.43%Best | 0.50% |
| AUM | $538M | $387M |
| Dividend Yield | 4.53% | 5.06% |
| Holdings | 9 | 268 |
| Volatility (annualized) | 6.8%Best | 7.9% |
| Max Drawdown | -25.4% | -22.1%Best |
| Top 10 Weight | - | 10.1% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Sep 26, 2017 | Nov 15, 2007 |
Not shown on this pair: YTD Price Return, 1Y Price Return, 3Y Price Return (annualized), 5Y Price Return (annualized), $10,000 over 8.2 years.
The two price series end 65 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BSJP has data through Dec 17, 2025 and PHB through Feb 20, 2026.
Volatility and max drawdown, and the $10,000 over 8.2 years row, are measured over the window both funds cover: Sep 26, 2017 to Dec 17, 2025 (8.2 years).
Risk: Volatility and Drawdowns
PHB has been the more volatile fund, with annualized monthly volatility of 7.9% compared with 6.8% for BSJP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.4% for BSJP and -22.1% for PHB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSJP charges 0.43% per year while PHB charges 0.50%. On a $10,000 position that is $43 vs $50 annually, a gap of $7 per year that compounds over a long holding period. On income, BSJP currently yields 4.53% against 5.06% for PHB.
Holdings Overlap
83.0% of BSJP's money is in holdings PHB also owns. 0.2% of PHB's money is in holdings BSJP also owns.
Most of BSJP is already inside PHB. Owning both mostly buys the same companies twice.
1 positions in common, counted across the 8 positions we hold weights for in BSJP and 260 in PHB, against full books of 9 and 268.
What only one of them owns
Measured across the 8 and 260 positions we hold weights for.
BSJP holds 7 positions PHB does not, 17.0% of the fund.
Largest: SPR 9.375 11/30/29 1 4.73%, UWMLLC 5.5 11/15/25 3.95%, RZNCAN 9.375 05/01/2 2.64%, NAVCOR 10.5 12/15/30 2.63%, TNL 5.1 10/01/25 1.82%
Top Shared Holdings
| Stock | Weight in BSJP | Weight in PHB | Difference |
|---|---|---|---|
| AGPXXInvesco Government & Agency Portfolio, Institutional Class | 82.95% | 0.19% | 82.76% |
83.0% of BSJP is already inside PHB.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSJP or PHB?
BSJP has an expense ratio of 0.43% while PHB charges 0.50%. BSJP is the cheaper option, by $7 a year on a $10,000 investment.
Which is riskier, BSJP or PHB?
PHB has been the more volatile fund at 7.9% annualized versus 6.8% for BSJP. Worst drawdown: BSJP -25.4% vs PHB -22.1%.
Should I hold both BSJP and PHB?
BSJP and PHB have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BSJP and PHB?
83.0% of BSJP's money is in holdings PHB also owns. 0.2% of PHB's is in holdings BSJP also owns. They hold 1 positions in common, counted across the 8 positions we hold weights for in BSJP and 260 in PHB.
Which pays a higher dividend, BSJP or PHB?
BSJP yields 4.53% while PHB yields 5.06%, so PHB currently pays the higher dividend yield.
Is PHB better than BSJP?
BSJP has a lower expense ratio. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.