BSCO vs. SWVXX
Compare and contrast key facts about Invesco BulletShares 2024 Corporate Bond ETF (BSCO) and Schwab Value Advantage Money Fund (SWVXX).
BSCO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2024 TR Index. It was launched on Sep 17, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCO or SWVXX.
Key characteristics
| BSCO | SWVXX | |
|---|---|---|
| YTD Return | 4.59% | 3.90% |
| 1Y Return | 5.67% | 5.06% |
| 3Y Return (Ann) | 1.71% | 3.49% |
| 5Y Return (Ann) | 2.48% | 2.25% |
| 10Y Return (Ann) | 3.40% | 1.52% |
| Sharpe Ratio | 9.19 | 3.30 |
| Ulcer Index | 0.02% | 0.00% |
| Daily Std Dev | 0.62% | 1.45% |
| Max Drawdown | -17.44% | 0.00% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSCO and SWVXX is 0.02, 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
BSCO vs. SWVXX - Performance Comparison
In the year-to-date period, BSCO achieves a 4.59% return, which is significantly higher than SWVXX's 3.90% return. Over the past 10 years, BSCO has outperformed SWVXX with an annualized return of 3.40%, while SWVXX has yielded a comparatively lower 1.52% 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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Risk-Adjusted Performance
BSCO vs. SWVXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2024 Corporate Bond ETF (BSCO) and Schwab Value Advantage Money Fund (SWVXX). 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.
Drawdowns
BSCO vs. SWVXX - Drawdown Comparison
The maximum BSCO drawdown since its inception was -17.44%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BSCO and SWVXX. For additional features, visit the drawdowns tool.
Volatility
BSCO vs. SWVXX - Volatility Comparison
The current volatility for Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is 0.16%, while Schwab Value Advantage Money Fund (SWVXX) has a volatility of 0.42%. This indicates that BSCO experiences smaller price fluctuations and is considered to be less risky than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.