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ETFs

Invesco BulletShares 2024 High Yield Corporate Bond ETF

BSJO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 14 2016
Expense Ratio
0.42%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$4,849,538
AUM
$655,972,744
Associated Index
NASDAQ BulletShares USD High Yield Corporate Bond 2024 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

DI9A
Dish Dbs Corporation - 5.875% BD REDEEM 15/11/2024 USD 2000
5.10%
WCC4995951
WESCO Distribution Inc
5.03%
ISNP4137003
Intesa Sanpaolo SpA
5.01%
IEP4966297
Icahn Enterprises LP / Icahn Enterprises Finance Corp
3.77%
UBRT4987772
Uber Technologies Inc
3.62%
CZR5004407
Caesars Resort Collection LLC / CRC Finco Inc
3.50%
NUXB
Rakuten Group Inc. - 10.25% NT REDEEM 30/11/2024 USD 200000 - 144A
3.46%
n/a
Navient 6.125 % Medium Term Notes 2014-25.3.24 Sr Series A
3.08%
GT4987750
Goodyear Tire & Rubber Co/The
2.92%
n/a
CSC Holdings 5.25 % Notes 2015-1.6.24
2.52%
Invest with BSJO

What is BSJO?

The Invesco BulletShares 2024 High Yield Corporate Bond ETF (Fund) is based on the Nasdaq Bulletshares USD High Yield Corporate Bond 2024 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2024. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2024 and will terminate on or about Dec. 31, 2024.

ETFs related toBSJO

ETFs correlated to BSJO include BSJP, BSJQ, SHYG

BSJO
Invesco Capital Management LLC - Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJP
Invesco Capital Management LLC - Invesco BulletShares 2025 High Yield Corporate Bond ETF
BSJQ
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2026 High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBSJO

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with BSJO using Composer

FAQ

BSJO is a US Bonds ETF. The Invesco BulletShares 2024 High Yield Corporate Bond ETF (Fund) is based on the Nasdaq Bulletshares USD High Yield Corporate Bond 2024 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2024. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2024 and will terminate on or about Dec. 31, 2024.

BSJO tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2024 Index.

No, BSJO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BSJO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BSJO is 0.0053%. This is the percent change in the value of BSJO over the most recent 1-month period. The 3-month return on BSJO is 0.0209%. This is the percent change in the value of BSJO over the most recent 3-month period.

The standard deviation of BSJO for the past year is 0.0649%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BSJO include IGSB, VCIT, and VCSH.

ETFs correlated to BSJO include BSJP, BSJQ, and SHYG.

ETFs that are inversely correlated to BSJO include SJB, SPXU, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.