BSJR vs. IBHG
BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BSJR returned 8.11%/yr vs 7.62%/yr for IBHG. Their correlation of 0.84 suggests significant overlap in exposure. BSJR charges 0.42%/yr vs 0.35%/yr for IBHG.
Performance
BSJR vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, BSJR achieves a 1.49% return, which is significantly higher than IBHG's 1.15% return.
BSJR
- 1D
- 0.07%
- 1M
- 0.13%
- YTD
- 1.49%
- 6M
- 1.55%
- 1Y
- 4.51%
- 3Y*
- 8.11%
- 5Y*
- 3.30%
- 10Y*
- —
IBHG
- 1D
- -0.02%
- 1M
- 0.00%
- YTD
- 1.15%
- 6M
- 1.42%
- 1Y
- 4.38%
- 3Y*
- 7.62%
- 5Y*
- —
- 10Y*
- —
BSJR vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.49% | 7.41% | 7.15% | 11.91% | -11.35% | 0.93% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.15% | 6.90% | 7.42% | 11.27% | -8.88% | 0.93% |
Correlation
The correlation between BSJR and IBHG is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.84 |
The correlation between BSJR and IBHG shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSJR vs. IBHG — Risk / Return Rank
BSJR
IBHG
BSJR vs. IBHG - 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 2027 Term High Yield and Income ETF (IBHG). 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 | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 6.06 | -2.17 |
| Martin ratioReturn relative to average drawdown | 17.76 | 22.04 | -4.29 |
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Drawdowns
BSJR vs. IBHG - Drawdown Comparison
The maximum BSJR drawdown since its inception was -22.58%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for BSJR and IBHG.
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Drawdown Indicators
| BSJR | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -13.85% | -8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.16% | -0.73% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -3.39% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.64% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.20% | +0.05% |
Volatility
BSJR vs. IBHG - Volatility Comparison
Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) has a higher volatility of 0.61% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.40%. This indicates that BSJR's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSJR | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.40% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.51% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 2.09% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 6.33% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 6.33% | +3.00% |
BSJR vs. IBHG - Expense Ratio Comparison
BSJR has a 0.42% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
BSJR vs. IBHG - Dividend Comparison
BSJR's dividend yield for the trailing twelve months is around 5.66%, less than IBHG's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.66% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% |
Frequently Asked Questions
BSJR and IBHG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJR has higher volatility (0.61%) compared to IBHG (0.40%). In terms of maximum drawdown, BSJR dropped -22.58% vs IBHG's -13.85%.
On 3-year performance, BSJR leads with 8.11% vs 7.62% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, IBHG has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSJR has performed better with a 8.11% return vs 7.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJR.
IBHG has the higher dividend yield at 6.07%, compared with 5.66% for BSJR.
BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.42% for BSJR and 0.35% for IBHG.
BSJR currently has the higher Sharpe Ratio (2.17 vs 2.11), 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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