IBHG vs. BSJP

Last updated Jun 3, 2026

IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and BSJP (Invesco BulletShares 2025 High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross while BSJP tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. IBHG charges 0.35%/yr vs 0.42%/yr for BSJP.

Performance

IBHG vs. BSJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHG

• 1D: -0.09%
• 1M: 0.14%
• YTD: 1.06%
• 6M: 1.66%
• 1Y: 4.71%
• 3Y*: 7.41%
• 5Y*: —
• 10Y*: —

BSJP

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

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

IBHG vs. BSJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IBHG iShares iBonds 2027 Term High Yield and Income ETF	1.06%	6.90%	7.42%	11.27%	-8.88%	1.07%
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	0.00%	4.46%	8.07%	10.41%	-5.16%	1.28%

Correlation

The correlation between IBHG and BSJP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021	0.74

Over the past year, the correlation between IBHG and BSJP has dropped to 0.06 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

IBHG vs. BSJP — Risk / Return Rank

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

IBHG

IBHG Risk / Return Rank: 80
IBHG Sharpe Ratio Rank: 66
IBHG Sortino Ratio Rank: 77
IBHG Omega Ratio Rank: 70
IBHG Calmar Ratio Rank: 92
IBHG Martin Ratio Rank: 92

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.

IBHG vs. BSJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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.

	IBHG	BSJP	Difference
Sharpe ratio Return per unit of total volatility	2.24	—	—
Sortino ratio Return per unit of downside risk	3.50	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	6.55	—	—
Martin ratio Return relative to average drawdown	24.03	—	—
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

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

Drawdowns

Drawdown Indicators

	IBHG	BSJP	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	—	—
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	-0.13%	—	—
Average Drawdown Average peak-to-trough decline	-2.67%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	IBHG	BSJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.37%	—	—

IBHG vs. BSJP - Expense Ratio Comparison

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

Dividends

IBHG vs. BSJP - Dividend Comparison

IBHG's dividend yield for the trailing twelve months is around 6.07%, more than BSJP's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF	2.26%	4.50%	6.25%	7.07%	5.37%	4.27%	4.96%	5.49%	5.84%	1.32%
IBHG iShares iBonds 2027 Term High Yield and Income ETF	6.07%	6.33%	7.02%	6.66%	5.62%	2.13%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBHG and BSJP in my portfolio?

IBHG and BSJP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBHG or BSJP?

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, IBHG or BSJP?

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

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

IBHG has the higher dividend yield at 6.07%, compared with 2.26% for BSJP.

What is the main difference between IBHG and BSJP?

IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross, while BSJP tracks NASDAQ BulletShares USD High Yield Corporate Bond 2025 TR Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IBHG and 0.42% for BSJP.