BSJP vs SPY
Invesco BulletShares 2025 High Yield Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BSJP or SPY?
High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio.
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 | SPY |
|---|---|---|
| Expense Ratio | 0.43% | 0.09%Best |
| AUM | $538M | $814.4B |
| Dividend Yield | 4.53% | 1.01% |
| Holdings | 9 | 505 |
| Volatility (annualized) | 6.8%Best | 16.4% |
| Max Drawdown | -25.4%Best | -34.1% |
| Top 10 Weight | - | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Sep 26, 2017 | Jan 22, 1993 |
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 261 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 SPY through Sep 4, 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
SPY has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSJP charges 0.43% per year while SPY charges 0.09%. On a $10,000 position that is $43 vs $9 annually, a gap of $34 per year that compounds over a long holding period. On income, BSJP currently yields 4.53% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 8 holdings in BSJP and 504 in SPY, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 340 days apart, BSJP as of Aug 29, 2025 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 8 positions we hold weights for in BSJP and 504 in SPY, against full books of 9 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for BSJP (99.5% of the fund), and 8 for BSJP that do not appear in SPY (100.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BSJP and SPY 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, BSJP or SPY?
BSJP has an expense ratio of 0.43% while SPY charges 0.09%. SPY is the cheaper option, by $34 a year on a $10,000 investment.
Which is riskier, BSJP or SPY?
SPY has been the more volatile fund at 16.4% annualized versus 6.8% for BSJP. Worst drawdown: BSJP -25.4% vs SPY -34.1%.
Should I hold both BSJP and SPY?
BSJP and SPY have a monthly-return correlation of 0.76, 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, BSJP or SPY?
BSJP yields 4.53% while SPY yields 1.01%, so BSJP currently pays the higher dividend yield.
Is SPY better than BSJP?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.