BSJS vs IBHI

BSJSCInvesco BulletShares 2028 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 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.

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

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.

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

• 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

• 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

• 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.

• 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 BSJS profile⁠

Full IBHI profile⁠