BSJX vs. IBHG

Last updated Jun 5, 2026

BSJX (Invesco BulletShares 2033 High Yield Corporate Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - BSJX tracks the IVZ BulletShares USD High Yield Corporate Bond 2033 Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. BSJX charges 0.42%/yr vs 0.35%/yr for IBHG.

Performance

BSJX vs. IBHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSJX achieves a 1.24% return, which is significantly higher than IBHG's 1.10% return.

BSJX

• 1D: 0.06%
• 1M: 0.23%
• YTD: 1.24%
• 6M: 1.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHG

• 1D: 0.14%
• 1M: 0.32%
• YTD: 1.10%
• 6M: 1.57%
• 1Y: 4.71%
• 3Y*: 7.53%
• 5Y*: —
• 10Y*: —

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

BSJX vs. IBHG - Yearly Performance Comparison

	2026 (YTD)	2025
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	1.24%	5.46%
IBHG iShares iBonds 2027 Term High Yield and Income ETF	1.10%	3.66%

Correlation

The correlation between BSJX 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 (All Time) Calculated using the full available price history since Jun 12, 2025	0.70

Return for Risk

BSJX vs. IBHG — Risk / Return Rank

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

IBHG

IBHG Risk / Return Rank: 81
IBHG Sharpe Ratio Rank: 69
IBHG Sortino Ratio Rank: 79
IBHG Omega Ratio Rank: 73
IBHG Calmar Ratio Rank: 93
IBHG Martin Ratio Rank: 93

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.

BSJX vs. IBHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 High Yield Corporate Bond ETF (BSJX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSJX	IBHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.57	+1.04

Drawdowns

BSJX vs. IBHG - Drawdown Comparison

The maximum BSJX drawdown since its inception was -3.40%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for BSJX and IBHG.

Drawdown Indicators

	BSJX	IBHG	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-13.85%	+10.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.39%	—
Current Drawdown Current decline from peak	-0.42%	-0.09%	-0.33%
Average Drawdown Average peak-to-trough decline	-0.44%	-2.67%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.20%	—

Volatility

Volatility by Period

	BSJX	IBHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	2.11%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.31%	6.36%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.31%	6.36%	-2.05%

BSJX vs. IBHG - Expense Ratio Comparison

BSJX has a 0.42% expense ratio, which is higher than IBHG's 0.35% expense ratio.

Dividends

BSJX vs. IBHG - Dividend Comparison

BSJX's dividend yield for the trailing twelve months is around 6.43%, more than IBHG's 6.07% yield.

Position	TTM	2025	2024	2023	2022	2021
BSJX Invesco BulletShares 2033 High Yield Corporate Bond ETF	6.43%	4.02%	0.00%	0.00%	0.00%	0.00%
IBHG iShares iBonds 2027 Term High Yield and Income ETF	6.07%	6.33%	7.02%	6.66%	5.62%	2.13%

Frequently Asked Questions

Can I hold both BSJX and IBHG in my portfolio?

BSJX 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.

Which ETF is better, BSJX or IBHG?

On fees, IBHG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSJX or IBHG?

IBHG is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJX.

Which ETF pays a higher dividend yield, BSJX or IBHG?

BSJX has the higher dividend yield at 6.43%, compared with 6.07% for IBHG.

What is the main difference between BSJX and IBHG?

BSJX tracks IVZ BulletShares USD High Yield Corporate Bond 2033 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 BSJX and 0.35% for IBHG.