BSCN vs. SPTM
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
| BSCN | SPTM | |
|---|---|---|
| YTD Return | 1.98% | 11.52% |
| 1Y Return | 2.67% | 3.75% |
| 5Y Return (Ann) | 3.28% | 10.81% |
| 10Y Return (Ann) | 3.91% | 12.02% |
| Sharpe Ratio | 2.61 | 0.27 |
| Daily Std Dev | 1.00% | 20.98% |
| Max Drawdown | -15.79% | -54.80% |
Correlation
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.
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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.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer 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 - 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
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.