BSJS vs IBHG

BSJSCInvesco BulletShares 2028 High Yield Corporate Bond ETF

IBHGAiShares iBonds 2027 Term High Yield and Income ETF

In short

BSJS Junk bonds with an end date. BSJS holds roughly 180 high-yield corporate bonds that all mature in 2028, then winds down around December 15, 2028 and pays out cash, so it behaves more like a single bond than a perpetual bond fund.

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

BSJS The Fund seeks to track the performance of a high-yield corporate bond index composed of US-dollar-denominated bonds maturing in 2028. It uses sampling, rebalances monthly, and is scheduled to terminate around December 15, 2028.

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

• BSJS Defined maturity: the fund is scheduled to terminate around December 15, 2028 and distribute cash, giving you a bond-like end date instead of a portfolio that rolls on forever.invesco.com
• Spreads credit risk across roughly 180 US-dollar high-yield bonds and pays monthly, instead of leaning on one junk issuer's coupon dates.
• Sibling BulletShares funds cover other maturity years (BSCT for 2029, BSCU for 2030), so ladder rungs come off a single shelf.invesco.com

• 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

• BSJS Fees run 0.42% a year versus roughly 0.10% for the typical target-maturity bond fund; investment-grade and Treasury rungs like VBCB (0.08%) and IBTJ (0.07%) cost far less.
• High yield means real default and downgrade risk, so the cash returned at termination reflects what the bonds actually pay, not a fixed par value.invesco.com
• In a peer group stacked with investment-grade and Treasury ladders, it lands in the lower half overall, with cost the main drag.

• 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 BSJS profile⁠

Full IBHG profile⁠