BSJX vs IBHI

BSJXCInvesco BulletShares 2033 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 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.

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

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

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

• 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.

• 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

• 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.

• 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 BSJX profile⁠

Full IBHI profile⁠