BSJT vs IBHG

BSJTBInvesco BulletShares 2029 High Yield Corporate Bond ETF

IBHGAiShares iBonds 2027 Term High Yield and Income ETF

In short

BSJT A junk-bond rung with a date on it. BSJT holds US high-yield corporate bonds whose effective maturities land in 2029, so you get a dated slice of credit instead of an open-ended 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

BSJT The fund is designed to provide exposure to US dollar-denominated high-yield corporate bonds whose effective maturities fall in 2029.

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

• BSJT Targets one maturity year: US dollar high-yield corporate bonds with effective maturities in 2029, the building block for a laddered bond sleeve.
• Roughly 300 bonds spread the default risk that comes with any single junk-rated issuer.
• Pays monthly, and trades with enough activity to be workable for most retail-sized orders.
• Part of Invesco's BulletShares lineup, so the 2029 rung has an investment-grade sibling (BSCT) if you want the same shape with less credit risk.

• 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

• BSJT 0.42% a year, several times what plain target-maturity bond ETFs charge. High-yield research costs more, but the fee comes straight out of the yield.
• A maturity date is not a credit guarantee. High-yield issuers can default or restructure before 2029, and the dated structure does not change that.
• Sits in the lower half of a crowded target-maturity bond group, mostly on cost rather than on how it runs the portfolio.

• 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 BSJT profile⁠

Full IBHG profile⁠