BSJR vs IBHI

BSJRBInvesco BulletShares 2027 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 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.

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

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

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

• 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.

• 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

• 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.

• 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 BSJR profile⁠

Full IBHI profile⁠