BSJP vs. IBMP
BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) and IBMP (iShares iBonds Dec 2027 Term Muni Bond ETF) are both exchange-traded funds - BSJP is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index, while IBMP is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. BSJP charges 0.42%/yr vs 0.18%/yr for IBMP.
Performance
BSJP vs. IBMP - Performance Comparison
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Returns By Period
BSJP
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMP
- 1D
- 0.07%
- 1M
- 0.37%
- 6M
- 1.10%
- YTD
- 1.38%
- 1Y
- 2.71%
- 3Y*
- 2.86%
- 5Y*
- 0.57%
- 10Y*
- —
BSJP vs. IBMP - 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% | 6.26% |
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 1.38% | 3.52% | 1.26% | 3.49% | -6.09% | -0.16% | 6.22% | 4.86% |
Correlation
The correlation between BSJP and IBMP is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.16 |
The correlation between BSJP and IBMP shifts across timeframes, from -0.13 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSJP vs. IBMP — Risk / Return Rank
BSJP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBMP
BSJP vs. IBMP - 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 Dec 2027 Term Muni Bond ETF (IBMP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSJP | IBMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.51 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.59 | — |
| Martin ratioReturn relative to average drawdown | — | 12.68 | — |
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Drawdowns
BSJP vs. IBMP - Drawdown Comparison
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Drawdown Indicators
| BSJP | IBMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -15.24% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.68% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.21% | — |
Volatility
BSJP vs. IBMP - Volatility Comparison
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Volatility by Period
| BSJP | IBMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.09% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 2.55% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.96% | — |
BSJP vs. IBMP - Expense Ratio Comparison
BSJP has a 0.42% expense ratio, which is higher than IBMP's 0.18% expense ratio.
Dividends
BSJP vs. IBMP - Dividend Comparison
BSJP's dividend yield for the trailing twelve months is around 1.89%, less than IBMP's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 1.89% | 4.50% | 6.25% | 7.07% | 5.37% | 4.27% | 4.96% | 5.49% | 5.84% | 1.32% |
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 2.50% | 2.47% | 2.35% | 2.05% | 1.26% | 0.86% | 1.16% | 1.06% | 0.00% | 0.00% |
Frequently Asked Questions
BSJP and IBMP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBMP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBMP is cheaper with a 0.18% expense ratio, compared with 0.42% for BSJP.
IBMP has the higher dividend yield at 2.50%, compared with 1.89% for BSJP.
BSJP is categorized as High Yield Bonds, while IBMP is Municipal Bonds. BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index, while IBMP tracks S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJP and 0.18% for IBMP.
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