BSCN vs. IBDP
Compare and contrast key facts about Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and iShares iBonds Dec 2024 Term Corporate ETF (IBDP).
BSCN and IBDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2023 TR Index. It was launched on Sep 17, 2014. IBDP is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2024 Maturity Corporate Index. It was launched on Mar 11, 2015. Both BSCN and IBDP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCN or IBDP.
Key characteristics
| BSCN | IBDP |
|---|
Correlation
The correlation between BSCN and IBDP is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSCN vs. IBDP - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSCN vs. IBDP - Expense Ratio Comparison
Both BSCN and IBDP have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BSCN vs. IBDP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and iShares iBonds Dec 2024 Term Corporate ETF (IBDP). 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.
Dividends
BSCN vs. IBDP - Dividend Comparison
BSCN has not paid dividends to shareholders, while IBDP's dividend yield for the trailing twelve months is around 3.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 2.87% | 3.69% | 1.51% | 1.56% | 2.36% | 2.92% | 2.88% | 2.67% | 2.88% | 2.88% | 0.72% |
IBDP iShares iBonds Dec 2024 Term Corporate ETF | 3.20% | 3.01% | 2.06% | 1.86% | 2.51% | 3.15% | 3.35% | 3.15% | 3.23% | 2.53% | 0.00% |
Drawdowns
BSCN vs. IBDP - Drawdown Comparison
Volatility
BSCN vs. IBDP - Volatility Comparison
The current volatility for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) is 0.00%, while iShares iBonds Dec 2024 Term Corporate ETF (IBDP) has a volatility of 0.18%. This indicates that BSCN experiences smaller price fluctuations and is considered to be less risky than IBDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.