BSJS vs. IBHH

Last updated Jun 4, 2026

BSJS (Invesco BulletShares 2028 High Yield Corporate Bond ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both High Yield Bonds funds - BSJS tracks the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index while IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BSJS returned 8.32%/yr vs 8.48%/yr for IBHH. Their correlation of 0.82 suggests significant overlap in exposure. BSJS charges 0.42%/yr vs 0.35%/yr for IBHH.

Performance

BSJS vs. IBHH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BSJS having a 1.67% return and IBHH slightly lower at 1.66%.

BSJS

• 1D: -0.05%
• 1M: 0.61%
• YTD: 1.67%
• 6M: 2.13%
• 1Y: 6.48%
• 3Y*: 8.32%
• 5Y*: 3.29%
• 10Y*: —

IBHH

• 1D: -0.06%
• 1M: 0.40%
• YTD: 1.66%
• 6M: 2.20%
• 1Y: 6.59%
• 3Y*: 8.48%
• 5Y*: —
• 10Y*: —

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

BSJS vs. IBHH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF	1.67%	8.31%	7.38%	12.28%	-7.81%
IBHH iShares iBonds 2028 Term High Yield and Income ETF	1.66%	8.02%	7.53%	12.87%	-6.70%

Correlation

The correlation between BSJS and IBHH is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022	0.82

The correlation between BSJS and IBHH has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

BSJS vs. IBHH — Risk / Return Rank

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

BSJS

BSJS Risk / Return Rank: 78
BSJS Sharpe Ratio Rank: 69
BSJS Sortino Ratio Rank: 79
BSJS Omega Ratio Rank: 76
BSJS Calmar Ratio Rank: 78
BSJS Martin Ratio Rank: 88

IBHH

IBHH Risk / Return Rank: 82
IBHH Sharpe Ratio Rank: 72
IBHH Sortino Ratio Rank: 80
IBHH Omega Ratio Rank: 77
IBHH Calmar Ratio Rank: 89
IBHH Martin Ratio Rank: 91

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.

BSJS vs. IBHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). 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.

	BSJS	IBHH	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.35	-0.06
Sortino ratio Return per unit of downside risk	3.56	3.60	-0.04
Omega ratio Gain probability vs. loss probability	1.45	1.46	0.00
Calmar ratio Return relative to maximum drawdown	3.97	5.41	-1.44
Martin ratio Return relative to average drawdown	19.33	21.70	-2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSJS vs. IBHH - Sharpe Ratio Comparison

The current BSJS Sharpe Ratio is 2.29, which is comparable to the IBHH Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of BSJS and IBHH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSJS	IBHH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.35	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.73	-0.21

Drawdowns

BSJS vs. IBHH - Drawdown Comparison

The maximum BSJS drawdown since its inception was -17.73%, which is greater than IBHH's maximum drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for BSJS and IBHH.

Drawdown Indicators

	BSJS	IBHH	Difference
Max Drawdown Largest peak-to-trough decline	-17.73%	-12.05%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-1.64%	-1.22%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-4.44%	-4.66%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	—	—
Current Drawdown Current decline from peak	-0.05%	-0.07%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.99%	-2.30%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.30%	+0.04%

Volatility

BSJS vs. IBHH - Volatility Comparison

The current volatility for Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is 0.72%, while iShares iBonds 2028 Term High Yield and Income ETF (IBHH) has a volatility of 0.77%. This indicates that BSJS experiences smaller price fluctuations and is considered to be less risky than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJS	IBHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	0.77%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.03%	2.08%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	2.84%	2.82%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	7.26%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	7.26%	-0.12%

BSJS vs. IBHH - Expense Ratio Comparison

BSJS has a 0.42% expense ratio, which is higher than IBHH's 0.35% expense ratio.

Dividends

BSJS vs. IBHH - Dividend Comparison

BSJS's dividend yield for the trailing twelve months is around 6.27%, which matches IBHH's 6.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF	6.27%	6.49%	7.04%	6.75%	5.82%	4.86%	0.75%
IBHH iShares iBonds 2028 Term High Yield and Income ETF	6.27%	6.39%	6.93%	6.65%	5.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSJS and IBHH in my portfolio?

BSJS and IBHH have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJS or IBHH?

IBHH has higher volatility (0.77%) compared to BSJS (0.72%). In terms of maximum drawdown, BSJS dropped -17.73% vs IBHH's -12.05%.

Which ETF is better, BSJS or IBHH?

On 3-year performance, IBHH leads with 8.48% vs 8.32% for BSJS. On fees, IBHH is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSJS or IBHH?

Over the 3-year period, IBHH has performed better with a 8.48% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJS or IBHH?

IBHH is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJS.

Which ETF pays a higher dividend yield, BSJS or IBHH?

BSJS and IBHH have nearly identical dividend yields, around 6.27%.

What is the main difference between BSJS and IBHH?

BSJS tracks Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index, while IBHH tracks Bloomberg 2028 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 BSJS and 0.35% for IBHH.

Which has better risk-adjusted returns?

IBHH currently has the higher Sharpe Ratio (2.35 vs 2.29), 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.