IBHE vs. BSJP

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP).

IBHE and BSJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019. BSJP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. It was launched on Sep 27, 2017. Both IBHE and BSJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBHE vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

IBHE vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	4.45%	7.62%	10.32%	-4.08%	4.40%	4.16%	5.91%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	10.41%	-5.16%	4.57%	4.16%	6.55%

Returns By Period

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.83%
• 1Y: 3.24%
• 3Y*: 6.40%
• 5Y*: 4.09%
• 10Y*: —

BSJP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHE vs. BSJP - Expense Ratio Comparison

IBHE has a 0.35% expense ratio, which is lower than BSJP's 0.42% expense ratio.

BSJP

Invesco BulletShares 2025 High Yield Corporate Bond ETF

IBHE

iShares iBonds 2025 Term High Yield & Income ETF

Return for Risk

IBHE vs. BSJP — Risk / Return Rank

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

IBHE

IBHE Risk / Return Rank: 98
IBHE Sharpe Ratio Rank: 97
IBHE Sortino Ratio Rank: 98
IBHE Omega Ratio Rank: 98
IBHE Calmar Ratio Rank: 97
IBHE Martin Ratio Rank: 99

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.

IBHE vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). 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.

	IBHE	BSJP	Difference
Sharpe ratio Return per unit of total volatility	2.90	—	—
Sortino ratio Return per unit of downside risk	4.09	—	—
Omega ratio Gain probability vs. loss probability	1.96	—	—
Calmar ratio Return relative to maximum drawdown	5.38	—	—
Martin ratio Return relative to average drawdown	49.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBHE	BSJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	—	—

Correlation

The correlation between IBHE and BSJP is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IBHE vs. BSJP - Dividend Comparison

IBHE's dividend yield for the trailing twelve months is around 3.14%, more than BSJP's 3.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBHE iShares iBonds 2025 Term High Yield & Income ETF	3.14%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%	0.00%	0.00%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	3.10%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%

Drawdowns

Drawdown Indicators

	IBHE	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-26.91%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.51%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	—	—

Volatility

Volatility by Period

	IBHE	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.90%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.67%	—	—