BSJX vs IBHH

BSJXCInvesco BulletShares 2033 High Yield Corporate Bond ETF

IBHHAiShares iBonds 2028 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.

IBHH Bond ladders usually get built from investment-grade rungs. This is the high yield rung: junk and BBB corporates all maturing in 2028, with the fund itself winding up on or about December 15, 2028 and paying out what is left.

Stated mandate

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

IBHH The fund seeks to track an index of high-yield and income-generating corporate bonds maturing in 2028. It is designed to provide income, support bond-ladder construction, and manage interest-rate risk through a defined maturity.

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.

• IBHH Behaves like a bond more than a bond fund: it terminates on or about December 15, 2028 and distributes its remaining net assets, so the rung has a real end date.sec.gov
• Credit risk is spread over a couple hundred corporate bonds, and the index pulls from BBB-rated issuers as well as high yield, so it is not all deep junk.sec.gov
• Pays monthly, and every iBonds fund terminates in the year in its name, so stacking or rolling ladder rungs comes down to picking dates.ishares.com

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.

• IBHH Charges 0.35% a year against roughly 0.10% for the typical target-maturity bond ETF. Credit work costs more to run, but it is a standing drag.
• High yield carries genuine downgrade and default risk. The fund targets no predetermined amount at maturity, and losses are possible including near the termination date.sec.govishares.com
• In its final months the bonds mature into cash and cash-like instruments, and the fund's yield tends to move toward prevailing money market rates.ishares.com

Full BSJX profile⁠

Full IBHH profile⁠