BSJW vs. IBHG
BSJW (Invesco BulletShares 2032 High Yield Corporate Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - BSJW tracks the Nasdaq BulletShares USD High Yield Corporate Bond 2032 Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past year, BSJW returned 7.00% vs 4.61% for IBHG. A 0.76 correlation means they provide meaningful diversification when combined. BSJW charges 0.42%/yr vs 0.35%/yr for IBHG.
Performance
BSJW vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, BSJW achieves a 0.79% return, which is significantly lower than IBHG's 0.96% return.
BSJW
- 1D
- -0.22%
- 1M
- 0.36%
- YTD
- 0.79%
- 6M
- 1.15%
- 1Y
- 7.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG
- 1D
- -0.09%
- 1M
- 0.21%
- YTD
- 0.96%
- 6M
- 1.46%
- 1Y
- 4.61%
- 3Y*
- 7.37%
- 5Y*
- —
- 10Y*
- —
BSJW vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 0.79% | 9.85% | 3.62% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.96% | 6.90% | 4.89% |
Correlation
The correlation between BSJW and IBHG is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | 0.76 |
The correlation between BSJW and IBHG has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
BSJW vs. IBHG — Risk / Return Rank
BSJW
IBHG
BSJW vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) 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.
| BSJW | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 6.38 | -4.20 |
| Martin ratioReturn relative to average drawdown | 9.99 | 23.30 | -13.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSJW | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.20 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.56 | +0.86 |
Drawdowns
BSJW vs. IBHG - Drawdown Comparison
The maximum BSJW drawdown since its inception was -4.52%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for BSJW and IBHG.
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Drawdown Indicators
| BSJW | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.52% | -13.85% | +9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -0.73% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.22% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.67% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.20% | +0.50% |
Volatility
BSJW vs. IBHG - Volatility Comparison
Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) has a higher volatility of 1.22% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.58%. This indicates that BSJW'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
| BSJW | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.58% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 1.53% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 2.11% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 6.37% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 6.37% | -1.25% |
BSJW vs. IBHG - Expense Ratio Comparison
BSJW has a 0.42% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
BSJW vs. IBHG - Dividend Comparison
BSJW's dividend yield for the trailing twelve months is around 6.65%, more than IBHG's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BSJW Invesco BulletShares 2032 High Yield Corporate Bond ETF | 6.65% | 6.36% | 4.15% | 0.00% | 0.00% | 0.00% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
Frequently Asked Questions
BSJW and IBHG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJW has higher volatility (1.22%) compared to IBHG (0.58%). In terms of maximum drawdown, BSJW dropped -4.52% vs IBHG's -13.85%.
On 1-year performance, BSJW leads with 7.00% vs 4.61% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, IBHG has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BSJW has performed better with a 7.00% return vs 4.61%. 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 BSJW.
BSJW has the higher dividend yield at 6.65%, compared with 6.08% for IBHG.
BSJW tracks Nasdaq BulletShares USD High Yield Corporate Bond 2032 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 BSJW and 0.35% for IBHG.
IBHG currently has the higher Sharpe Ratio (2.20 vs 1.71), 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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