BSJR vs IBHG

BSJRBInvesco BulletShares 2027 High Yield Corporate Bond ETF

IBHGAiShares iBonds 2027 Term High Yield and Income ETF

In short

BSJR BSJR is the high yield rung of Invesco's BulletShares ladder: roughly 100 junk-rated corporate bonds all pointed at a 2027 finish line, with income paid monthly along the way.

IBHG Most target-maturity bond ETFs stick to Treasuries and investment grade. IBHG runs the same ladder-rung playbook in high yield: a basket of dollar-denominated junk and other income bonds all maturing in 2027.

Stated mandate

BSJR The Fund seeks to track, before fees and expenses, the investment results of the Nasdaq BulletShares USD High Yield Corporate Bond 2027 Index.

IBHG The fund seeks to track an index of U.S.-dollar-denominated, high-yield and other income-generating corporate bonds maturing in 2027.

Why people hold it

• BSJR Built as a defined-maturity bond fund, tracking a Nasdaq index of high yield corporates dated to 2027, so the portfolio has an end date instead of rolling forever.
• Roughly 100 bonds spread issuer risk across the basket, and cash goes out monthly rather than quarterly.
• Hundreds of millions in assets and steady day-to-day trading, and it has been running since 2019, not a fresh launch.

• IBHG A rare rung: it tracks the Bloomberg 2027 Term High Yield and Income Index, so you get a dated high yield slice instead of a bond fund that rolls its maturities forever.
• The 2027 end date sits in the mandate itself, which is what makes ladder-building possible: stack terms, know when each rung comes due.
• Income lands monthly, and credit risk is spread across roughly 90 bonds rather than a handful of names.

Worth knowing

• BSJR At 0.42% a year it costs roughly four times the typical target-maturity bond ETF, a real bite on a strategy whose whole point is yield.
• High yield means credit risk: a maturity year tells you when bonds are scheduled to pay, not that every issuer gets there.
• Sits in the lower half of its peer group, where cheaper investment-grade and Treasury ladders like BSCT and IBTJ set the pace.

• IBHG It charges 0.35% a year against a target-maturity cohort that typically runs near 0.10%. High yield credit work costs more than buying Treasuries.
• High yield means issuer default and downgrade risk, a different animal from the Treasury and investment-grade rungs of the same shelf (IBTJ, IBDU).
• The clock cuts both ways. As 2027 approaches the portfolio shortens and the fund is built to wind down, not to keep running.

Full BSJR profile⁠

Full IBHG profile⁠