BSJQ vs IBHI

BSJQBInvesco BulletShares 2026 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

In short

BSJQ A junk-bond fund with an end date. It holds high-yield corporate bonds whose effective maturities all land in 2026, so it behaves more like a single bond coming due than a fund that rolls on forever. That convenience carries a 0.43% fee.

IBHI Bond ladders are usually an investment-grade game. IBHI takes the iBonds defined-maturity wrapper down into high yield: a basket of dollar-denominated junk and other income bonds that all mature in 2029, then the fund winds down and pays out.

Stated mandate

BSJQ The fund tracks an index representing U.S.-dollar-denominated high-yield corporate bonds whose effective maturities are in 2026.

IBHI The fund seeks to track an index of U.S.-dollar-denominated, high-yield and other income-generating corporate bonds maturing in 2029.

Why people hold it

• BSJQ Defined maturity is the whole point: every holding targets a 2026 effective maturity, so the basket winds toward a known date instead of rolling exposure indefinitely.
• Most target-maturity bond ETFs hold investment-grade or Treasury paper. This one takes the high-yield route, a corner of the shelf far fewer competitors fill.
• Income arrives monthly, and the fund has been trading since 2018 with steady volume for its size.

• IBHI A maturity date on junk bonds: it tracks an index of U.S.-dollar high-yield and other income-generating corporates maturing in 2029, then terminates and distributes at term.ishares.com
• Roughly 400 bonds behind it, so one issuer stumbling is a dent rather than a hole in a corner of the market where stumbles are part of the deal.
• Sits on the same 2029 rung as investment-grade IBDU and Treasury IBTJ, so you can move credit risk up or down without touching the maturity date.
• Coupons land monthly rather than quarterly, which matters if the point of the ladder is spending the income.

Worth knowing

• BSJQ The 0.43% expense ratio is the toll. Invesco's own investment-grade BulletShares, BSCT and BSCU, charge 0.10% for the same maturity-date plumbing.
• The basket is thin for a bond fund, so one issuer's trouble carries more weight here than in a broad high-yield portfolio.
• High yield means below-investment-grade borrowers. A maturity date sets when bonds are scheduled to come due, not whether every issuer pays.

• IBHI The credit risk is the point, and it cuts both ways: high-yield issuers can default, so the 2029 date sets the schedule, not what comes back.ishares.com
• 0.35% a year is above the typical target-maturity bond fund; the investment-grade neighbors IBDU and BSCT run 0.10%.
• Late in life it stops looking like a high-yield fund: as bonds mature, proceeds park in cash-like instruments until the fund closes and pays out.ishares.com

Full BSJQ profile⁠

Full IBHI profile⁠