BSJY vs IBHG

BSJYDInvesco Bulletshares 2034 High Yield Corporate Bond ETF

IBHGAiShares iBonds 2027 Term High Yield and Income ETF

In short

BSJY Junk bonds with a due date. BSJY holds high-yield corporates maturing in 2034, then winds up and pays out its net assets, giving a roughly 90-bond portfolio the shape of a single bond held to maturity.

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

BSJY The fund seeks to track an index representing US dollar-denominated, high-yield corporate bonds whose effective maturities occur in 2034.

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

• BSJY Designed to terminate in December of its maturity year and hand back net assets automatically, so you get a bond-style end date inside an ETF wrapper.invesco.com
• Roughly 90 high-yield bonds instead of one, so a single issuer going bad takes a smaller bite than it would out of an individual bond.
• Duration winds down as the maturity year nears, and in the final year matured proceeds sit in cash equivalents such as T-bills and commercial paper.invesco.cominvesco.com 2
• Part of the BulletShares family, launched in 2010, with rungs spanning many maturity years, which makes stacking a ladder from one lineup straightforward.globenewswire.cominvesco.com

• 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

• BSJY Costs 0.42% a year, above the 0.35% charged by the iShares iBonds term high-yield rungs (IBHF, IBHG, IBHH, IBHI, IBHJ).
• A 2026 launch with a small asset base and light trading, which tends to show up as wider bid-ask spreads.
• Invesco's own language: distributions vary over time, and the split between income and liquidation proceeds is not predictable when you buy.invesco.cominvesco.com 2

• 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 BSJY profile⁠

Full IBHG profile⁠