BSJV vs IBHI

BSJVCInvesco BulletShares 2031 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

In short

BSJV A junk-bond fund with a calendar date attached: it tracks an index of U.S. high-yield corporate bonds all maturing in 2031, so it behaves like one rung of a bond ladder in ETF form.

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

BSJV The Fund seeks to track, before fees and expenses, the performance of an index representing U.S.-dollar-denominated high-yield corporate bonds with effective maturities in 2031.

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

• BSJV Every bond in the index has an effective maturity in 2031, so you get a defined-maturity rung instead of a portfolio that rolls forever.
• Spreads high-yield credit risk across a couple hundred bonds rather than a handful of issuers, and pays distributions monthly.
• Part of Invesco's BulletShares lineup, whose investment-grade rungs (BSCT, BSCU) rank among the strongest implementations in the target-maturity group.

• 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

• BSJV At 0.42%, the fee sits well above the cheapest rungs in this category, where Vanguard and iShares versions charge under a tenth of a percent.
• Thinly traded, so bid-ask spreads can be wider than on the big index funds. Limit orders matter more here.
• High-yield issuers can default, so the 2031 end date sets the timeline, not the payout.

• 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 BSJV profile⁠

Full IBHI profile⁠