- ISIN
- US46139W8257
- CUSIP
- 46139W825
- Issuer
- Invesco
- Inception Date
- Sep 20, 2023
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco BulletShares USD Corporate Bond 2033 Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
BSCX Performance Chart
Invesco BulletShares 2033 Corporate Bond ETF (BSCX) is up 0.4% since the beginning of the year. BSCX is currently trading at $21 per share.
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Returns By Period
Invesco BulletShares 2033 Corporate Bond ETF (BSCX) has returned 0.36% so far this year and 6.45% over the past 12 months.
Invesco BulletShares 2033 Corporate Bond ETF
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 0.36%
- 6M
- 0.59%
- 1Y
- 6.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
BSCX Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2023, BSCX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +6.9%, while the worst month was Oct 2024 at -2.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 2 months.
On a daily basis, BSCX closed higher 52% of trading days. The best single day was Nov 14, 2023 with a return of +1.9%, while the worst single day was Apr 7, 2025 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 1.43% | -1.85% | 0.39% | 0.32% | -0.07% | 0.36% | ||||||
| 2025 | 0.56% | 2.10% | -0.15% | 0.36% | 0.30% | 2.11% | 0.08% | 1.14% | 1.30% | 0.21% | 1.05% | -0.10% | 9.31% |
| 2024 | -0.46% | -1.84% | 1.25% | -2.60% | 2.03% | 0.79% | 2.66% | 1.68% | 1.61% | -2.79% | 1.49% | -1.89% | 1.73% |
| 2023 | -1.86% | -1.93% | 6.92% | 4.82% | 7.88% |
Benchmark Metrics
Invesco BulletShares 2033 Corporate Bond ETF has an annualized alpha of 4.91%, beta of 0.11, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since September 21, 2023.
- This ETF participated in 38.49% of S&P 500 Index downside but only 29.63% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.07 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.07 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.91%
- Beta
- 0.11
- R²
- 0.07
- Upside Capture
- 29.63%
- Downside Capture
- 38.49%
Expense Ratio
BSCX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
BSCX ranks 44 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) and compare them to S&P 500 Index.
| BSCX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.39 | -0.81 |
Sortino ratioReturn per unit of downside risk | 2.36 | 3.25 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.43 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.11 | -0.88 |
Martin ratioReturn relative to average drawdown | 7.26 | 14.38 | -7.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco BulletShares 2033 Corporate Bond ETF provided a 4.88% dividend yield over the last twelve months, with an annual payout of $1.03 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.03 | $1.04 | $1.03 | $0.23 |
Dividend yield | 4.88% | 4.82% | 5.00% | 1.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco BulletShares 2033 Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.00 | $0.42 | ||||||
| 2025 | $0.09 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $1.04 |
| 2024 | $0.06 | $0.07 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $1.03 |
| 2023 | $0.09 | $0.10 | $0.04 | $0.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco BulletShares 2033 Corporate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco BulletShares 2033 Corporate Bond ETF was 5.13%, occurring on Jan 13, 2025. Recovery took 104 trading sessions.
The current Invesco BulletShares 2033 Corporate Bond ETF drawdown is 1.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -5.13%Jan 2025 | 3mo 27d | 5mo | 8mo 27dSep 2024 - Jun 2025 |
2023 pullback2023 | -4.63%Oct 2023 | 28d | 26d | 1mo 24dSep 2023 - Nov 2023 |
2024 pullback2024 | -4.47%Apr 2024 | 3mo 20d | 2mo 26d | 6mo 16dDec 2023 - Jul 2024 |
2026 pullback2026 | -2.90%Mar 2026 | 25d | — | 3mo 3dMar 2026 - now |
2025 pullback2025 | -1.29%Nov 2025 | 7d | 21d | 28dOct 2025 - Nov 2025 |
Drawdown Indicators
| BSCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.13% | -56.78% | +51.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -9.10% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.22% | 0.00% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -10.72% | +9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.97% | -1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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