BSJT vs. IBHI

Last updated Jun 5, 2026

BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) and IBHI (iShares iBonds 2029 Term High Yield and Income ETF) are both High Yield Bonds funds - BSJT tracks the Invesco BulletShares High Yield Corporate Bond 2029 Index while IBHI tracks the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, BSJT returned 8.62%/yr vs 9.00%/yr for IBHI. Their correlation of 0.83 suggests significant overlap in exposure. BSJT charges 0.42%/yr vs 0.35%/yr for IBHI.

Performance

BSJT vs. IBHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and iShares iBonds 2029 Term High Yield and Income ETF (IBHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJT achieves a 1.33% return, which is significantly lower than IBHI's 1.61% return.

BSJT

• 1D: 0.12%
• 1M: 0.47%
• YTD: 1.33%
• 6M: 1.89%
• 1Y: 6.65%
• 3Y*: 8.62%
• 5Y*: —
• 10Y*: —

IBHI

• 1D: 0.09%
• 1M: 0.50%
• YTD: 1.61%
• 6M: 2.21%
• 1Y: 6.99%
• 3Y*: 9.00%
• 5Y*: —
• 10Y*: —

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

BSJT vs. IBHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF	1.33%	7.63%	8.01%	13.59%	-8.34%
IBHI iShares iBonds 2029 Term High Yield and Income ETF	1.61%	7.88%	8.33%	14.21%	-8.52%

Correlation

The correlation between BSJT and IBHI is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022	0.83

The correlation between BSJT and IBHI shifts across timeframes, from 0.73 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

BSJT vs. IBHI - Sectors Allocation Comparison

Sectors	BSJT	IBHI
Consumer Cyclical	9.0%	-
Technology	7.2%	-
Energy	6.7%	100.0%
Industrials	6.3%	-
Communication Services	3.3%	-
Real Estate	3.2%	-
Financial Services	2.9%	-
Basic Materials	2.8%	-
Utilities	1.9%	-
Healthcare	1.6%	-
Consumer Defensive	1.2%	-

Return for Risk

BSJT vs. IBHI — Risk / Return Rank

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

BSJT

BSJT Risk / Return Rank: 58
BSJT Sharpe Ratio Rank: 54
BSJT Sortino Ratio Rank: 62
BSJT Omega Ratio Rank: 55
BSJT Calmar Ratio Rank: 55
BSJT Martin Ratio Rank: 65

IBHI

IBHI Risk / Return Rank: 64
IBHI Sharpe Ratio Rank: 55
IBHI Sortino Ratio Rank: 61
IBHI Omega Ratio Rank: 57
IBHI Calmar Ratio Rank: 68
IBHI Martin Ratio Rank: 77

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.

BSJT vs. IBHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and iShares iBonds 2029 Term High Yield and Income ETF (IBHI). 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.

	BSJT	IBHI	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.85	-0.03
Sortino ratio: Return per unit of downside risk	2.86	2.85	+0.01
Omega ratio: Gain probability vs. loss probability	1.33	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	2.70	3.33	-0.63
Martin ratio: Return relative to average drawdown	11.54	14.61	-3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSJT vs. IBHI - Sharpe Ratio Comparison

The current BSJT Sharpe Ratio is 1.81, which is comparable to the IBHI Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BSJT and IBHI, 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

	BSJT	IBHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.85	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.66	-0.33

Drawdowns

BSJT vs. IBHI - Drawdown Comparison

The maximum BSJT drawdown since its inception was -19.62%, which is greater than IBHI's maximum drawdown of -13.65%. Use the drawdown chart below to compare losses from any high point for BSJT and IBHI.

Drawdown Indicators

	BSJT	IBHI	Difference
Max Drawdown Largest peak-to-trough decline	-19.62%	-13.65%	-5.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-2.11%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-5.59%	-5.73%	+0.14%
Current Drawdown Current decline from peak	-0.02%	-0.09%	+0.07%
Average Drawdown Average peak-to-trough decline	-5.44%	-2.84%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.48%	+0.10%

Volatility

BSJT vs. IBHI - Volatility Comparison

Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) and iShares iBonds 2029 Term High Yield and Income ETF (IBHI) have volatilities of 0.96% and 0.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSJT	IBHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	0.92%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.62%	2.77%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	3.81%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.20%	7.98%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	7.98%	+0.22%

BSJT vs. IBHI - Expense Ratio Comparison

BSJT has a 0.42% expense ratio, which is higher than IBHI's 0.35% expense ratio.

Dividends

BSJT vs. IBHI - Dividend Comparison

BSJT's dividend yield for the trailing twelve months is around 6.75%, which matches IBHI's 6.69% yield.

Position	TTM	2025	2024	2023	2022	2021
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF	6.75%	6.77%	6.65%	6.42%	5.45%	1.20%
IBHI iShares iBonds 2029 Term High Yield and Income ETF	6.69%	6.79%	6.66%	6.48%	5.26%	0.00%

Frequently Asked Questions

Can I hold both BSJT and IBHI in my portfolio?

BSJT and IBHI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSJT or IBHI?

BSJT has higher volatility (0.96%) compared to IBHI (0.92%). In terms of maximum drawdown, BSJT dropped -19.62% vs IBHI's -13.65%.

Which ETF is better, BSJT or IBHI?

On 3-year performance, IBHI leads with 9.00% vs 8.62% for BSJT. On fees, IBHI 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, BSJT or IBHI?

Over the 3-year period, IBHI has performed better with a 9.00% return vs 8.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSJT or IBHI?

IBHI is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJT.

Which ETF pays a higher dividend yield, BSJT or IBHI?

BSJT has the higher dividend yield at 6.75%, compared with 6.69% for IBHI.

What is the main difference between BSJT and IBHI?

BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index, while IBHI tracks Bloomberg 2029 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 BSJT and 0.35% for IBHI.

Which has better risk-adjusted returns?

IBHI currently has the higher Sharpe Ratio (1.85 vs 1.81), 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.