BSJR vs SIHY
Invesco BulletShares 2027 High Yield Corporate Bond ETF vs Harbor Ares Systematic High Yield ETF
Which is better, BSJR or SIHY?
Nearly the same fund. BSJR costs less.
BSJR has a lower expense ratio. BSJR led over 1Y, SIHY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | SIHY |
|---|---|---|
| Expense Ratio | 0.42%Best | 0.48% |
| AUM | $945M | $135M |
| Dividend Yield | 5.51% | 7.16% |
| Holdings | 193 | 435 |
| YTD Return | +2.10%Best | +0.69% |
| 1Y Return | +3.18%Best | +2.64% |
| 3Y Return (annualized) | +7.94% | +8.78%Best |
| 5Y Return (annualized) | +3.25% | +4.46%Best |
| Volatility (annualized) | 7.3%Tie | 7.3%Tie |
| Max Drawdown | -16.4% | -13.3%Best |
| $10,000 over 5 years | $11,734 | $12,438Best |
| Fund Family | Invesco (US) | Harbor Funds |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Sep 12, 2019 | Sep 14, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 16, 2021 to Oct 14, 2026 (5.1 years).
BSJR vs SIHY 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 5.1 years both funds cover.
BSJR vs SIHY Performance
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is an ETF from Invesco (US) and Harbor Ares Systematic High Yield ETF (SIHY) is an ETF from Harbor Funds. Over the past year BSJR returned +3.18% while SIHY returned +2.64%. Year to date, BSJR is up 2.10% versus a gain of 0.69% for SIHY.
Over three years, BSJR compounded at +7.94% per year against +8.78% for SIHY; over five years the annualized figures are +3.25% and +4.46% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BSJR and SIHY have been equally volatile, both at 7.3% annualized.
The deepest peak-to-trough decline in our data was -16.4% for BSJR and -13.3% for SIHY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSJR charges 0.42% per year while SIHY charges 0.48%. On a $10,000 position that is $42 vs $48 annually, a gap of $6 per year that compounds over a long holding period. On income, BSJR currently yields 5.51% against 7.16% for SIHY.
Holdings Overlap
At least 9.4% of BSJR's money is in holdings SIHY also owns.
Stated as a floor: for SIHY, our book for it covers 69.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
BSJR and SIHY share little of their money.
7 positions in common, counted across the 88 positions we hold weights for in BSJR and 173 in SIHY, against full books of 193 and 435.
Top Shared Holdings
| Stock | Weight in BSJR | Weight in SIHY | Difference |
|---|---|---|---|
| RAKUTN 11.25 02/15/2Rakuten Group Inc 144A 11.25% Feb 15, 2027 | 3.26% | 0.07% | 3.19% |
| GTX 7.75 05/31/32 14Garrett Motion Hld/Sarl 7.75% 31May2032 | 1.41% | 0.78% | 0.63% |
| MPW 5 10/15/27Mpt Oper Partnership Lp/corp 5% 10/15/2027 | 1.99% | 0.12% | 1.87% |
| GEO 10.25 04/15/31Geo Group Inc 10.25% Apr 15, 2031 | 1.17% | 0.34% | 0.83% |
| HLX 9.75 03/01/29 14Helix Energy Solutions Group Inc 9.75 03/01/2029 | 0.51% | 0.26% | 0.25% |
| LNDPT 8.75 11/01/27 | 0.53% | 0.11% | 0.42% |
| ENS 4.375 12/15/27 1Enersys 4.375% 12/15/2027 | 0.51% | 0.06% | 0.45% |
You are not choosing between two funds in isolation.
Whichever of BSJR and SIHY 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 SIHY?
BSJR has an expense ratio of 0.42% while SIHY charges 0.48%. BSJR is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, BSJR or SIHY?
Over the past year BSJR returned +3.18% vs +2.64% for SIHY, so BSJR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSJR or SIHY?
BSJR and SIHY have been equally volatile, both at 7.3% annualized. Worst drawdown: BSJR -16.4% vs SIHY -13.3%.
Should I hold both BSJR and SIHY?
BSJR and SIHY have a monthly-return correlation of 0.95, 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 BSJR and SIHY?
At least 9.4% of BSJR's money is in holdings SIHY also owns. Our book for SIHY is partial, so the real figure is this or higher. They hold 7 positions in common, counted across the 88 positions we hold weights for in BSJR and 173 in SIHY.
Which pays a higher dividend, BSJR or SIHY?
BSJR yields 5.51% while SIHY yields 7.16%, so SIHY currently pays the higher dividend yield.
Is SIHY better than BSJR?
BSJR has a lower expense ratio. BSJR led over 1Y, SIHY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.