BSJQ vs HYI
Invesco BulletShares 2026 High Yield Corporate Bond ETF vs Western Asset High Yield Defined Opportunity Fund Inc.
Which is better, BSJQ or HYI?
BSJQ has been ahead.
BSJQ has a lower expense ratio. BSJQ led over 1Y, 3Y, 5Y and the full window.
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 | BSJQ | HYI |
|---|---|---|
| Expense Ratio | 0.43%Best | 0.96% |
| AUM | $715M | $140M |
| Dividend Yield | 5.43% | 10.36% |
| Holdings | 46 | 258 |
| YTD Return | +1.77%Best | -6.61% |
| 1Y Return | +2.80%Best | -6.95% |
| 3Y Return (annualized) | +6.77%Best | +4.97% |
| 5Y Return (annualized) | +3.63%Best | -0.55% |
| Volatility (annualized) | 7.6%Best | 13.5% |
| Max Drawdown | -25.0%Best | -37.0% |
| $10,000 over 5 years | $11,952Best | $9,728 |
| Fund Family | Invesco (US) | Franklin Templeton Investments (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Aug 9, 2018 | Oct 27, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 9, 2018 to Oct 14, 2026 (8.2 years).
BSJQ vs HYI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.2 years both funds cover.
BSJQ vs HYI Performance
Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ) is an ETF from Invesco (US) and Western Asset High Yield Defined Opportunity Fund Inc. (HYI) is an ETF from Franklin Templeton Investments (US). Over the past year BSJQ returned +2.80% while HYI returned -6.95%. Year to date, BSJQ is up 1.77% versus a loss of 6.61% for HYI.
Over three years, BSJQ compounded at +6.77% per year against +4.97% for HYI; over five years the annualized figures are +3.63% and -0.55% respectively. Across the full 8-year window we track, BSJQ has the edge at +2.88% annualized vs +1.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYI has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 7.6% for BSJQ. 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 -25.0% for BSJQ and -37.0% for HYI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSJQ charges 0.43% per year while HYI charges 0.96%. On a $10,000 position that is $43 vs $96 annually, a gap of $53 per year that compounds over a long holding period. On income, BSJQ currently yields 5.43% against 10.36% for HYI.
Holdings Overlap
We hold position weights for 13 holdings in BSJQ and 18 in HYI, totalling 95.7% and 3.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 13 positions we hold weights for in BSJQ and 18 in HYI, against full books of 46 and 258.
You are not choosing between two funds in isolation.
Whichever of BSJQ and HYI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSJQ or HYI?
BSJQ has an expense ratio of 0.43% while HYI charges 0.96%. BSJQ is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, BSJQ or HYI?
Over the past year BSJQ returned +2.80% vs -6.95% for HYI, so BSJQ leads on 1-year performance. Over the longest common window we track (8 years), BSJQ annualized +2.88% vs +1.37% for HYI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSJQ or HYI?
HYI has been the more volatile fund at 13.5% annualized versus 7.6% for BSJQ. Worst drawdown: BSJQ -25.0% vs HYI -37.0%.
Should I hold both BSJQ and HYI?
BSJQ and HYI have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSJQ or HYI?
BSJQ yields 5.43% while HYI yields 10.36%, so HYI currently pays the higher dividend yield.
Is HYI better than BSJQ?
BSJQ has a lower expense ratio. BSJQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.