BSJP vs SPY
Invesco BulletShares 2025 High Yield Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BSJP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.09% | |
| AUM | $538M | $789.1B | |
| Dividend Yield | 4.53% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | -0.13% | +13.68% | |
| 1Y Return | -0.43% | +21.53% | |
| 3Y Return (annualized) | +1.30% | +21.44% | |
| 5Y Return (annualized) | -1.16% | +13.18% | |
| Volatility (annualized) | 6.8% | 15.3% | |
| Max Drawdown | -25.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 26, 2017 | Jan 22, 1993 |
BSJP vs SPY Performance
Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BSJP returned -0.43% while SPY returned +21.53%. Year to date, BSJP is down 0.13% versus a gain of 13.68% for SPY.
Over three years, BSJP compounded at +1.30% per year against +21.44% for SPY; over five years the annualized figures are -1.16% and +13.18% respectively. Across the full 8-year window we track, SPY has the edge at +8.85% annualized vs -1.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
BSJP and SPY share 0 holdings out of 511 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $34 per year of difference.
Which performed better, BSJP or SPY?
Over the past year BSJP returned -0.43% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), BSJP annualized -1.01% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BSJP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.8% for BSJP. Worst drawdown: BSJP -25.4% vs SPY -56.5%.
Should I hold both BSJP and SPY?
BSJP and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSJP and SPY?
BSJP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
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.
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