BSJR vs. IBHE
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Over the past 5 years, BSJR returned 3.28%/yr vs 3.89%/yr for IBHE. A 0.71 correlation means they provide meaningful diversification when combined. BSJR charges 0.42%/yr vs 0.35%/yr for IBHE.
Performance
BSJR vs. IBHE - Performance Comparison
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Returns By Period
BSJR
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.46%
- 6M
- 1.49%
- 1Y
- 4.44%
- 3Y*
- 8.02%
- 5Y*
- 3.28%
- 10Y*
- —
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.94%
- 3Y*
- 5.93%
- 5Y*
- 3.89%
- 10Y*
- —
BSJR vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.46% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 2.47% |
Correlation
The correlation between BSJR and IBHE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.71 |
Over the past year, the correlation between BSJR and IBHE has dropped to 0.03 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
BSJR vs. IBHE — Risk / Return Rank
BSJR
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSJR vs. IBHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) 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.
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.
| BSJR | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 2.32 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 25.02 | -21.19 |
| Martin ratioReturn relative to average drawdown | 17.49 | 98.47 | -80.98 |
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Drawdowns
BSJR vs. IBHE - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, smaller than the maximum IBHE drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for BSJR and IBHE.
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Drawdown Indicators
| BSJR | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -26.91% | +4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -0.11% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -0.94% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -8.51% | -7.86% |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -1.42% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.05% | +0.20% |
Volatility
BSJR vs. IBHE - Volatility Comparison
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) has a higher volatility of 0.57% compared to iShares iBonds 2025 Term High Yield & Income ETF (IBHE) at 0.00%. This indicates that BSJR's price experiences larger fluctuations and is considered to be riskier than IBHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJR | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.00% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 0.38% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 0.74% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 4.87% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 11.52% | -2.19% |
BSJR vs. IBHE - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is higher than IBHE's 0.35% expense ratio.
Dividends
BSJR vs. IBHE - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.67%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.67% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% |
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% |
Frequently Asked Questions
BSJR and IBHE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJR has higher volatility (0.57%) compared to IBHE (0.00%). In terms of maximum drawdown, BSJR dropped -22.58% vs IBHE's -26.91%.
On 5-year performance, IBHE leads with 3.89% vs 3.28% for BSJR. On fees, IBHE is cheaper at 0.35% per year. On volatility, IBHE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBHE has performed better with a 3.89% return vs 3.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHE is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJR.
BSJR has the higher dividend yield at 5.67%, compared with 2.29% for IBHE.
BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 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 BSJR and 0.35% for IBHE.
IBHE currently has the higher Sharpe Ratio (3.89 vs 2.15), 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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