BALT vs. BSCS
BALT (Innovator Defined Wealth Shield ETF) and BSCS (Invesco BulletShares 2028 Corporate Bond ETF) are both exchange-traded funds - BALT is a Defined Outcome fund tracking the S&P 500, while BSCS is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2028 TR Index. Both are passively managed. Over the past 5 years, BALT returned 5.93%/yr vs 1.09%/yr for BSCS. Their 0.15 correlation means their historical movements had little consistent relationship. BALT charges 0.69%/yr vs 0.10%/yr for BSCS.
Performance
BALT vs. BSCS - Performance Comparison
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Returns By Period
In the year-to-date period, BALT achieves a 2.48% return, which is significantly higher than BSCS's 0.96% return.
BALT
- 1D
- 0.15%
- 1M
- 0.22%
- 6M
- 2.08%
- YTD
- 2.48%
- 1Y
- 6.10%
- 3Y*
- 6.98%
- 5Y*
- 5.93%
- 10Y*
- —
- ALL TIME*
- 5.90%
BSCS
- 1D
- 0.10%
- 1M
- -0.07%
- 6M
- 0.89%
- YTD
- 0.96%
- 1Y
- 3.74%
- 3Y*
- 5.51%
- 5Y*
- 1.09%
- 10Y*
- —
- ALL TIME*
- 3.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $20.85M | $22.69M | $15.86M | |
| $10.20M | $11.69M | $10.93M |
BALT vs. BSCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BALT Innovator Defined Wealth Shield ETF | 2.48% | 6.65% | 9.98% | 7.45% | 2.54% | 0.91% |
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 0.96% | 7.04% | 3.87% | 7.62% | -11.24% | -0.75% |
Correlation
The correlation between BALT and BSCS is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.15 |
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Return for Risk
BALT vs. BSCS — Risk / Return Rank
BALT
BSCS
BALT vs. BSCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Defined Wealth Shield ETF (BALT) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BALT | BSCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.49 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 3.53 | +1.89 |
| Martin ratioReturn relative to average drawdown | 20.02 | 15.30 | +4.72 |
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Drawdowns
BALT vs. BSCS - Drawdown Comparison
The maximum BALT drawdown since its inception was -4.89%, smaller than the maximum BSCS drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for BALT and BSCS.
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Drawdown Indicators
| BALT | BSCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.89% | -18.40% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -1.08% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.89% | -2.84% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -4.89% | -17.63% | +12.74% |
Current DrawdownCurrent decline from peak | -0.29% | -0.22% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -4.13% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.25% | +0.06% |
Volatility
BALT vs. BSCS - Volatility Comparison
Innovator Defined Wealth Shield ETF (BALT) has a higher volatility of 0.62% compared to Invesco BulletShares 2028 Corporate Bond ETF (BSCS) at 0.46%. This indicates that BALT's price experiences larger fluctuations and is considered to be riskier than BSCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BALT | BSCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.46% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 1.13% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 1.60% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 4.90% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 6.19% | -2.91% |
BALT vs. BSCS - Expense Ratio Comparison
BALT has a 0.69% expense ratio, which is higher than BSCS's 0.10% expense ratio.
Dividends
BALT vs. BSCS - Dividend Comparison
BALT has not paid dividends to shareholders, while BSCS's dividend yield for the trailing twelve months is around 4.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.46% | 4.46% | 4.54% | 3.90% | 2.72% | 2.14% | 2.50% | 3.04% | 1.42% |
Frequently Asked Questions
BALT and BSCS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BALT has higher volatility (0.62%) compared to BSCS (0.46%). In terms of maximum drawdown, BALT dropped -4.89% vs BSCS's -18.40%.
On 5-year performance, BALT leads with 5.93% vs 1.09% for BSCS. On fees, BSCS is cheaper at 0.10% per year. On volatility, BSCS has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BALT has performed better with a 5.93% return vs 1.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCS is cheaper with a 0.10% expense ratio, compared with 0.69% for BALT.
BSCS has the higher dividend yield at 4.46%, compared with 0.00% for BALT.
BALT is categorized as Defined Outcome, while BSCS is Corporate Bonds. BALT tracks S&P 500, while BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.69% for BALT and 0.10% for BSCS.
BALT currently has the higher Sharpe Ratio (2.82 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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