IBHF vs. BSJQ
IBHF (iShares iBonds 2026 Term High Yield and Income ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both exchange-traded funds - IBHF is a Corporate Bonds fund actively managed by iShares, while BSJQ is a High Yield Bonds fund tracking the NASDAQ BulletShares USD High Yield Corporate Bond 2026 TR Index. IBHF is actively managed, while BSJQ is passively managed. Over the past 5 years, IBHF returned 3.96%/yr vs 3.67%/yr for BSJQ. Their correlation of 0.82 suggests significant overlap in exposure. IBHF charges 0.35%/yr vs 0.42%/yr for BSJQ.
Performance
IBHF vs. BSJQ - Performance Comparison
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Returns By Period
In the year-to-date period, IBHF achieves a 0.58% return, which is significantly lower than BSJQ's 1.04% return.
IBHF
- 1D
- 0.04%
- 1M
- -0.10%
- YTD
- 0.58%
- 6M
- 0.69%
- 1Y
- 4.22%
- 3Y*
- 7.37%
- 5Y*
- 3.96%
- 10Y*
- —
BSJQ
- 1D
- -0.02%
- 1M
- -0.20%
- YTD
- 1.04%
- 6M
- 1.19%
- 1Y
- 4.19%
- 3Y*
- 7.08%
- 5Y*
- 3.67%
- 10Y*
- —
IBHF vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 0.58% | 6.60% | 8.55% | 10.40% | -6.66% | 4.43% | 2.60% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.04% | 6.59% | 7.49% | 9.83% | -7.35% | 4.53% | 2.54% |
Correlation
The correlation between IBHF and BSJQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2020 | 0.82 |
Over the past year, the correlation between IBHF and BSJQ has dropped to 0.42 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
IBHF vs. BSJQ — Risk / Return Rank
IBHF
BSJQ
IBHF vs. BSJQ - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBHF | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.69 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | 7.77 | -2.15 |
| Martin ratioReturn relative to average drawdown | 17.94 | 31.58 | -13.64 |
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Drawdowns
IBHF vs. BSJQ - Drawdown Comparison
The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum BSJQ drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for IBHF and BSJQ.
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Drawdown Indicators
| IBHF | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.19% | -24.13% | +12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.75% | -0.54% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -2.66% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | -11.95% | +0.76% |
Current DrawdownCurrent decline from peak | -0.40% | -0.25% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -2.16% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.13% | +0.11% |
Volatility
IBHF vs. BSJQ - Volatility Comparison
The current volatility for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is 0.47%, while Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) has a volatility of 0.61%. 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.
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Volatility by Period
| IBHF | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.61% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 1.01% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 1.36% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 5.73% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.64% | 8.42% | -2.78% |
IBHF vs. BSJQ - Expense Ratio Comparison
IBHF has a 0.35% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Dividends
IBHF vs. BSJQ - Dividend Comparison
IBHF's dividend yield for the trailing twelve months is around 6.53%, more than BSJQ's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.79% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% |
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 6.53% | 6.73% | 7.17% | 7.33% | 6.01% | 4.55% | 0.61% | 0.00% | 0.00% |
Frequently Asked Questions
IBHF and BSJQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJQ has higher volatility (0.61%) compared to IBHF (0.47%). In terms of maximum drawdown, IBHF dropped -11.19% vs BSJQ's -24.13%.
On 5-year performance, IBHF leads with 3.96% vs 3.67% for BSJQ. On fees, IBHF is cheaper at 0.35% per year. On volatility, IBHF has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBHF has performed better with a 3.96% return vs 3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHF is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJQ.
IBHF has the higher dividend yield at 6.53%, compared with 5.79% for BSJQ.
IBHF is categorized as Corporate Bonds, while BSJQ is High Yield Bonds. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IBHF and 0.42% for BSJQ.
BSJQ currently has the higher Sharpe Ratio (3.10 vs 2.22), 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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