BSJX vs IBHG

BSJXCInvesco BulletShares 2033 High Yield Corporate Bond ETF

IBHGAiShares iBonds 2027 Term High Yield and Income ETF

In short

BSJX A junk-bond ladder rung with a due date: roughly 140 high-yield corporate bonds that all mature in 2033, monthly payouts, and a basket that winds down as the year arrives.

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

BSJX The Fund tracks an index of US dollar-denominated high-yield corporate bonds whose effective maturities are in 2033.

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

• BSJX Every bond in the index has an effective maturity in 2033, so the basket has a finish line instead of the rolling, never-ending maturity profile of a standard high-yield fund.
• Pays monthly, and spreads credit exposure across roughly 140 separate high-yield issues rather than a short list of borrowers.
• Runs on Invesco's BulletShares machinery, the same defined-maturity plumbing behind investment-grade rungs like BSCT and BSCU that sit near the top of the target-maturity group.

• 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

• BSJX The 0.42% fee is what the high-yield version costs; plain corporate rungs in the same family, BSCT and BSCU, charge 0.10%.
• Launched in 2025, small and thinly traded since, which can mean wider bid-ask spreads than the household-name bond ETFs.
• These are below-investment-grade borrowers, so downgrades and defaults are part of the deal, with a runway that stretches out to 2033.

• 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 BSJX profile⁠

Full IBHG profile⁠