BSJW vs SPY
Invesco BulletShares 2032 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 505 holdings.
Side-by-Side Comparison
| Metric | BSJW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.09% | |
| AUM | $48M | $821.1B | |
| Dividend Yield | 6.14% | 1.01% | |
| Holdings | 174 | 505 | |
| YTD Return | +1.86% | +12.22% | |
| 1Y Return | +5.50% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 3.9% | 15.3% | |
| Max Drawdown | -4.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 12, 2024 | Jan 22, 1993 |
BSJW vs SPY Performance
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) 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 BSJW returned +5.50% while SPY returned +20.83%. Year to date, BSJW is up 1.86% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.9% for BSJW. 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 -4.5% for BSJW 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSJW charges 0.42% per year while SPY charges 0.09%. On a $10,000 position that is $42 vs $9 annually, a gap of $33 per year that compounds over a long holding period. On income, BSJW currently yields 6.14% against 1.01% for SPY.
Holdings Overlap
BSJW and SPY share 0 holdings out of 653 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, BSJW or SPY?
BSJW has an expense ratio of 0.42% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, BSJW or SPY?
Over the past year BSJW returned +5.50% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BSJW annualized +7.25% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BSJW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.9% for BSJW. Worst drawdown: BSJW -4.5% vs SPY -56.5%.
Should I hold both BSJW and SPY?
BSJW and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSJW and SPY?
BSJW and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 653 unique securities.
Which pays a higher dividend, BSJW or SPY?
BSJW yields 6.14% while SPY yields 1.01%, so BSJW currently pays the higher dividend yield.
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