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BSCN vs. SPTM

Last updated Jun 3, 2023

Compare and contrast key facts about Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM).

BSCN and SPTM 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. SPTM is a passively managed fund by State Street that tracks the performance of the S&P Composite 1500 Index. It was launched on Oct 4, 2000. Both BSCN and SPTM 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 SPTM.

Key characteristics


BSCNSPTM
YTD Return1.98%11.52%
1Y Return2.67%3.75%
5Y Return (Ann)3.28%10.81%
10Y Return (Ann)3.91%12.02%
Sharpe Ratio2.610.27
Daily Std Dev1.00%20.98%
Max Drawdown-15.79%-54.80%

Correlation

-0.00
-1.001.00

The correlation between BSCN and SPTM is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

BSCN vs. SPTM - Performance Comparison

In the year-to-date period, BSCN achieves a 1.98% return, which is significantly lower than SPTM's 11.52% return. Over the past 10 years, BSCN has underperformed SPTM with an annualized return of 3.91%, while SPTM has yielded a comparatively higher 12.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%2023FebruaryMarchAprilMayJune
2.30%
7.31%
BSCN
SPTM

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BSCN vs. SPTM - Dividend Comparison

BSCN's dividend yield for the trailing twelve months is around 2.59%, more than SPTM's 1.88% yield.


TTM20222021202020192018201720162015201420132012
BSCN
Invesco BulletShares 2023 Corporate Bond ETF
2.59%1.52%1.88%2.47%3.13%3.18%3.25%3.75%3.64%7.29%0.00%0.00%
SPTM
SPDR Portfolio S&P 1500 Composite Stock Market ETF
1.88%1.69%1.27%1.62%1.81%2.04%1.81%2.13%2.18%2.41%1.93%2.35%

BSCN vs. SPTM - Expense Ratio Comparison

BSCN has a 0.10% expense ratio, which is higher than SPTM's 0.03% expense ratio.

BSCN vs. SPTM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BSCN
Invesco BulletShares 2023 Corporate Bond ETF
2.61
SPTM
SPDR Portfolio S&P 1500 Composite Stock Market ETF
0.27

BSCN vs. SPTM - Sharpe Ratio Comparison

The current BSCN Sharpe Ratio is 2.61, which is higher than the SPTM Sharpe Ratio of 0.27. The chart below compares the 12-month rolling Sharpe Ratio of BSCN and SPTM.


-1.000.001.002.003.002023FebruaryMarchAprilMayJune
2.61
0.27
BSCN
SPTM

BSCN vs. SPTM - Drawdown Comparison

The maximum BSCN drawdown for the period was -1.56%, higher than the maximum SPTM drawdown of -19.59%. The drawdown chart below compares losses from any high point along the way for BSCN and SPTM


-20.00%-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune0
-8.86%
BSCN
SPTM

BSCN vs. SPTM - Volatility Comparison

The current volatility for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) is 0.19%, while SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) has a volatility of 3.85%. This indicates that BSCN experiences smaller price fluctuations and is considered to be less risky than SPTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%2023FebruaryMarchAprilMayJune
0.19%
3.85%
BSCN
SPTM