BSJQ vs. IBHF
BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) and IBHF (iShares iBonds 2026 Term High Yield and Income ETF) are both exchange-traded funds - BSJQ is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index, while IBHF is a Corporate Bonds fund actively managed by iShares. BSJQ is passively managed, while IBHF is actively managed. Over the past 5 years, BSJQ returned 3.76%/yr vs 4.05%/yr for IBHF. Their correlation of 0.82 suggests significant overlap in exposure. BSJQ charges 0.42%/yr vs 0.35%/yr for IBHF.
Performance
BSJQ vs. IBHF - Performance Comparison
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Returns By Period
In the year-to-date period, BSJQ achieves a 1.16% return, which is significantly higher than IBHF's 0.63% return.
BSJQ
- 1D
- 0.15%
- 1M
- -0.13%
- YTD
- 1.16%
- 6M
- 1.31%
- 1Y
- 4.65%
- 3Y*
- 6.94%
- 5Y*
- 3.76%
- 10Y*
- —
IBHF
- 1D
- 0.11%
- 1M
- -0.18%
- YTD
- 0.63%
- 6M
- 0.76%
- 1Y
- 4.51%
- 3Y*
- 7.15%
- 5Y*
- 4.05%
- 10Y*
- —
BSJQ vs. IBHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.16% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 2.54% |
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 0.63% | 6.60% | 8.55% | 10.40% | -6.66% | 4.43% | 2.60% |
Correlation
The correlation between BSJQ and IBHF is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2020 | 0.82 |
Over the past year, the correlation between BSJQ and IBHF has dropped to 0.42 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
BSJQ vs. IBHF — Risk / Return Rank
BSJQ
IBHF
BSJQ vs. IBHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) and iShares iBonds 2026 Term High Yield and Income ETF (IBHF). 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.
| BSJQ | IBHF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.50 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 8.64 | 6.01 | +2.63 |
| Martin ratioReturn relative to average drawdown | 35.55 | 19.44 | +16.11 |
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Drawdowns
BSJQ vs. IBHF - Drawdown Comparison
The maximum BSJQ drawdown since its inception was -24.13%, which is greater than IBHF's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for BSJQ and IBHF.
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Drawdown Indicators
| BSJQ | IBHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.13% | -11.19% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.54% | -0.75% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -2.53% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.95% | -11.19% | -0.76% |
Current DrawdownCurrent decline from peak | -0.13% | -0.36% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -1.79% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.23% | -0.10% |
Volatility
BSJQ vs. IBHF - Volatility Comparison
Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a higher volatility of 0.62% compared to iShares iBonds 2026 Term High Yield and Income ETF (IBHF) at 0.49%. This indicates that BSJQ's price experiences larger fluctuations and is considered to be riskier than IBHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJQ | IBHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.49% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 1.22% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 1.91% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 5.79% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.42% | 5.64% | +2.78% |
BSJQ vs. IBHF - Expense Ratio Comparison
BSJQ has a 0.42% expense ratio, which is higher than IBHF's 0.35% expense ratio.
Dividends
BSJQ vs. IBHF - Dividend Comparison
BSJQ's dividend yield for the trailing twelve months is around 5.81%, less than IBHF's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.81% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 6.53% | 6.73% | 7.17% | 7.33% | 6.01% | 4.55% | 0.61% | 0.00% | 0.00% |
Frequently Asked Questions
BSJQ and IBHF have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJQ has higher volatility (0.62%) compared to IBHF (0.49%). In terms of maximum drawdown, BSJQ dropped -24.13% vs IBHF's -11.19%.
On 5-year performance, IBHF leads with 4.05% vs 3.76% for BSJQ. On fees, IBHF is cheaper at 0.35% per year. On volatility, IBHF has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBHF has performed better with a 4.05% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHF is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJQ.
IBHF has the higher dividend yield at 6.53%, compared with 5.81% for BSJQ.
BSJQ is categorized as High Yield Bonds, while IBHF is Corporate Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJQ and 0.35% for IBHF.
BSJQ currently has the higher Sharpe Ratio (3.42 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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