IBHF vs. BSJQ
Compare and contrast key facts about iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ).
IBHF and BSJQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHF is an actively managed fund by iShares. It was launched on Nov 10, 2020. BSJQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. It was launched on Aug 9, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHF or BSJQ.
Key characteristics
| IBHF | BSJQ | |
|---|---|---|
| YTD Return | 7.67% | 7.05% |
| 1Y Return | 10.50% | 9.77% |
| 3Y Return (Ann) | 3.81% | 3.16% |
| Sharpe Ratio | 3.28 | 3.37 |
| Sortino Ratio | 5.25 | 5.46 |
| Omega Ratio | 1.68 | 1.70 |
| Calmar Ratio | 9.27 | 8.84 |
| Martin Ratio | 35.31 | 35.33 |
| Ulcer Index | 0.30% | 0.27% |
| Daily Std Dev | 3.18% | 2.83% |
| Max Drawdown | -11.19% | -24.15% |
| Current Drawdown | -0.26% | -0.55% |
Correlation
The correlation between IBHF and BSJQ is 0.86, 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.
Performance
IBHF vs. BSJQ - Performance Comparison
In the year-to-date period, IBHF achieves a 7.67% return, which is significantly higher than BSJQ's 7.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBHF vs. BSJQ - Expense Ratio Comparison
IBHF has a 0.35% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Risk-Adjusted Performance
IBHF vs. BSJQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.
Dividends
IBHF vs. BSJQ - Dividend Comparison
IBHF's dividend yield for the trailing twelve months is around 7.23%, more than BSJQ's 6.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 7.23% | 7.33% | 6.01% | 4.55% | 0.61% | 0.00% | 0.00% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 6.64% | 6.58% | 5.58% | 4.28% | 4.64% | 5.53% | 2.39% |
Drawdowns
IBHF vs. BSJQ - Drawdown Comparison
The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum BSJQ drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for IBHF and BSJQ. For additional features, visit the drawdowns tool.
Volatility
IBHF vs. BSJQ - Volatility Comparison
The current volatility for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is 0.71%, while Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a volatility of 0.81%. This indicates that IBHF experiences smaller price fluctuations and is considered to be less risky than BSJQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.