BSJR vs HYI
Invesco BulletShares 2027 High Yield Corporate Bond ETF vs Western Asset High Yield Defined Opportunity Fund Inc.
Which is better, BSJR or HYI?
BSJR has been ahead.
BSJR has a lower expense ratio. BSJR 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 | BSJR | HYI |
|---|---|---|
| Expense Ratio | 0.42%Best | 0.96% |
| AUM | $945M | $140M |
| Dividend Yield | 5.51% | 10.36% |
| Holdings | 193 | 258 |
| YTD Return | +2.10%Best | -6.61% |
| 1Y Return | +3.18%Best | -6.95% |
| 3Y Return (annualized) | +7.94%Best | +4.97% |
| 5Y Return (annualized) | +3.25%Best | -0.55% |
| Volatility (annualized) | 8.7%Best | 13.6% |
| Max Drawdown | -23.3%Best | -37.0% |
| $10,000 over 5 years | $11,734Best | $9,728 |
| Fund Family | Invesco (US) | Franklin Templeton Investments (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Sep 12, 2019 | Oct 27, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 12, 2019 to Oct 14, 2026 (7.1 years).
BSJR 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 7.1 years both funds cover.
BSJR vs HYI Performance
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) 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 BSJR returned +3.18% while HYI returned -6.95%. Year to date, BSJR is up 2.10% versus a loss of 6.61% for HYI.
Over three years, BSJR compounded at +7.94% per year against +4.97% for HYI; over five years the annualized figures are +3.25% and -0.55% respectively. Across the full 7-year window we track, BSJR has the edge at +3.00% annualized vs +0.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYI has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 8.7% for BSJR. 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 -23.3% for BSJR 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
BSJR charges 0.42% per year while HYI charges 0.96%. On a $10,000 position that is $42 vs $96 annually, a gap of $54 per year that compounds over a long holding period. On income, BSJR currently yields 5.51% against 10.36% for HYI.
Holdings Overlap
We hold position weights for 88 holdings in BSJR and 18 in HYI, totalling 96.8% 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 88 positions we hold weights for in BSJR and 18 in HYI, against full books of 193 and 258.
You are not choosing between two funds in isolation.
Whichever of BSJR 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, BSJR or HYI?
BSJR has an expense ratio of 0.42% while HYI charges 0.96%. BSJR is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, BSJR or HYI?
Over the past year BSJR returned +3.18% vs -6.95% for HYI, so BSJR leads on 1-year performance. Over the longest common window we track (7 years), BSJR annualized +3.00% vs +0.95% for HYI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSJR or HYI?
HYI has been the more volatile fund at 13.6% annualized versus 8.7% for BSJR. Worst drawdown: BSJR -23.3% vs HYI -37.0%.
Should I hold both BSJR and HYI?
BSJR 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, BSJR or HYI?
BSJR yields 5.51% while HYI yields 10.36%, so HYI currently pays the higher dividend yield.
Is HYI better than BSJR?
BSJR has a lower expense ratio. BSJR 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.