BSJP vs. IBHE

Last updated Jun 4, 2026

BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - BSJP tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. BSJP charges 0.42%/yr vs 0.35%/yr for IBHE.

Performance

BSJP vs. IBHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.09%
• 1Y: 2.31%
• 3Y*: 6.07%
• 5Y*: 3.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSJP vs. IBHE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	10.41%	-5.16%	4.57%	4.16%	6.55%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	4.45%	7.62%	10.32%	-4.08%	4.40%	4.16%	5.91%

Correlation

The correlation between BSJP and IBHE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.75

Over the past year, the correlation between BSJP and IBHE has dropped to 0.16 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

BSJP vs. IBHE - Sectors Allocation Comparison

Sectors	BSJP	IBHE
Financial Services	95.2%	-
Industrials	4.7%	-
Energy	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	100.0%
Technology	-	-
Utilities	-	-

Return for Risk

BSJP vs. IBHE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHE

IBHE Risk / Return Rank: 97
IBHE Sharpe Ratio Rank: 93
IBHE Sortino Ratio Rank: 97
IBHE Omega Ratio Rank: 98
IBHE Calmar Ratio Rank: 98
IBHE Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSJP vs. IBHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSJP	IBHE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	BSJP	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	—	-26.91%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.51%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-1.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.05%	—

Volatility

Volatility by Period

	BSJP	IBHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.53%	—

BSJP vs. IBHE - Expense Ratio Comparison

BSJP has a 0.42% expense ratio, which is higher than IBHE's 0.35% expense ratio.

Dividends

BSJP vs. IBHE - Dividend Comparison

BSJP's dividend yield for the trailing twelve months is around 2.26%, less than IBHE's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	2.29%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJP and IBHE in my portfolio?

BSJP and IBHE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSJP or IBHE?

On fees, IBHE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSJP or IBHE?

IBHE is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJP.

Which ETF pays a higher dividend yield, BSJP or IBHE?

IBHE has the higher dividend yield at 2.29%, compared with 2.26% for BSJP.

What is the main difference between BSJP and IBHE?

BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJP and 0.35% for IBHE.