BSCN vs. SHYG
Compare and contrast key facts about Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
BSCN and SHYG 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. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013. Both BSCN and SHYG 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 SHYG.
Key characteristics
| BSCN | SHYG |
|---|
Correlation
The correlation between BSCN and SHYG is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSCN vs. SHYG - 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. SHYG - Expense Ratio Comparison
BSCN has a 0.10% expense ratio, which is lower than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
BSCN vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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. SHYG - Dividend Comparison
BSCN has not paid dividends to shareholders, while SHYG's dividend yield for the trailing twelve months is around 6.77%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 0.85% | 3.69% | 1.51% | 1.56% | 2.36% | 2.92% | 2.88% | 2.67% | 2.88% | 2.88% | 0.72% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.77% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
BSCN vs. SHYG - Drawdown Comparison
Volatility
BSCN vs. SHYG - Volatility Comparison
The current volatility for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) is 0.00%, while iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a volatility of 0.71%. This indicates that BSCN experiences smaller price fluctuations and is considered to be less risky than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.