IBHI vs. BSJT
IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and BSJT (Invesco BulletShares 2029 High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHI tracks the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross while BSJT tracks the Invesco BulletShares High Yield Corporate Bond 2029 Index. Both are passively managed. Over the past 3 years, IBHI returned 9.05%/yr vs 8.79%/yr for BSJT. Their correlation of 0.83 suggests significant overlap in exposure. IBHI charges 0.35%/yr vs 0.42%/yr for BSJT.
Performance
IBHI vs. BSJT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBHI achieves a 1.56% return, which is significantly higher than BSJT's 1.45% return.
IBHI
- 1D
- 0.00%
- 1M
- 0.07%
- YTD
- 1.56%
- 6M
- 1.60%
- 1Y
- 5.95%
- 3Y*
- 9.05%
- 5Y*
- —
- 10Y*
- —
BSJT
- 1D
- 0.09%
- 1M
- 0.33%
- YTD
- 1.45%
- 6M
- 1.26%
- 1Y
- 5.48%
- 3Y*
- 8.79%
- 5Y*
- —
- 10Y*
- —
IBHI vs. BSJT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 1.56% | 7.88% | 8.33% | 14.21% | -8.52% |
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 1.45% | 7.63% | 8.01% | 13.59% | -8.34% |
Correlation
The correlation between IBHI and BSJT is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.83 |
The correlation between IBHI and BSJT has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBHI vs. BSJT — Risk / Return Rank
IBHI
BSJT
IBHI vs. BSJT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT). 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.
| IBHI | BSJT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.23 | +0.60 |
| Martin ratioReturn relative to average drawdown | 12.36 | 9.51 | +2.85 |
Loading charts...
Drawdowns
IBHI vs. BSJT - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, smaller than the maximum BSJT drawdown of -19.62%. Use the drawdown chart below to compare losses from any high point for IBHI and BSJT.
Loading charts...
Drawdown Indicators
| IBHI | BSJT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -19.62% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.47% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -5.59% | -0.14% |
Current DrawdownCurrent decline from peak | -0.23% | -0.17% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -5.38% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.58% | -0.10% |
Volatility
IBHI vs. BSJT - Volatility Comparison
The current volatility for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is 0.71%, while Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) has a volatility of 0.84%. This indicates that IBHI experiences smaller price fluctuations and is considered to be less risky than BSJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBHI | BSJT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.84% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.66% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 3.65% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.93% | 8.16% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.93% | 8.16% | -0.23% |
IBHI vs. BSJT - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is lower than BSJT's 0.42% expense ratio.
Dividends
IBHI vs. BSJT - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.69%, which matches BSJT's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | 6.69% | 6.77% | 6.65% | 6.42% | 5.45% | 1.20% |
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.69% | 6.79% | 6.66% | 6.48% | 5.26% | 0.00% |
Frequently Asked Questions
IBHI and BSJT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSJT has higher volatility (0.84%) compared to IBHI (0.71%). In terms of maximum drawdown, IBHI dropped -13.65% vs BSJT's -19.62%.
On 3-year performance, IBHI leads with 9.05% vs 8.79% for BSJT. On fees, IBHI is cheaper at 0.35% per year. On volatility, IBHI has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHI has performed better with a 9.05% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHI is cheaper with a 0.35% expense ratio, compared with 0.42% for BSJT.
IBHI and BSJT have nearly identical dividend yields, around 6.69%.
IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while BSJT tracks Invesco BulletShares High Yield Corporate Bond 2029 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IBHI and 0.42% for BSJT.
IBHI currently has the higher Sharpe Ratio (1.58 vs 1.51), 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.
Find the right allocation for IBHI and BSJT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer