BSCP vs. BDRY

Last updated Jun 5, 2026

BSCP (Invesco BulletShares 2025 Corporate Bond ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - BSCP is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2025 Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. BSCP charges 0.10%/yr vs 3.76%/yr for BDRY.

Performance

BSCP vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSCP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: 0.32%
• 1M: 3.94%
• YTD: 44.36%
• 6M: 36.57%
• 1Y: 133.58%
• 3Y*: 24.57%
• 5Y*: -11.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSCP vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BSCP Invesco BulletShares 2025 Corporate Bond ETF	0.00%	4.19%	5.06%	5.11%	-5.99%	-1.37%	8.10%	12.76%	1.42%
BDRY Breakwave Dry Bulk Shipping ETF	44.36%	44.24%	-47.40%	25.79%	-68.84%	282.99%	-50.16%	-15.92%	-27.98%

Correlation

The correlation between BSCP and BDRY is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.01

The correlation between BSCP and BDRY shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

BSCP vs. BDRY - Sectors Allocation Comparison

Sectors	BSCP	BDRY
Financial Services	96.4%	3.1%
Consumer Cyclical	0.9%	-
Utilities	0.8%	-
Healthcare	0.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

BSCP vs. BDRY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDRY

BDRY Risk / Return Rank: 84
BDRY Sharpe Ratio Rank: 91
BDRY Sortino Ratio Rank: 78
BDRY Omega Ratio Rank: 74
BDRY Calmar Ratio Rank: 92
BDRY Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSCP vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSCP	BDRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.13	—

Drawdowns

Drawdown Indicators

	BSCP	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	—	-89.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	—	-69.50%	—
Average Drawdown Average peak-to-trough decline	—	-58.39%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.41%	—

Volatility

Volatility by Period

	BSCP	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	42.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	60.69%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	62.56%	—

BSCP vs. BDRY - Expense Ratio Comparison

BSCP has a 0.10% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

BSCP vs. BDRY - Dividend Comparison

BSCP's dividend yield for the trailing twelve months is around 2.27%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSCP Invesco BulletShares 2025 Corporate Bond ETF	2.27%	3.99%	3.96%	3.39%	2.24%	1.93%	2.42%	3.12%	3.26%	2.93%	2.94%	0.75%

Frequently Asked Questions

Can I hold both BSCP and BDRY in my portfolio?

BSCP and BDRY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSCP or BDRY?

On fees, BSCP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSCP or BDRY?

BSCP is cheaper with a 0.10% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, BSCP or BDRY?

BSCP has the higher dividend yield at 2.27%, compared with 0.00% for BDRY.

What is the main difference between BSCP and BDRY?

BSCP is categorized as Corporate Bonds, while BDRY is Commodities. BSCP tracks NASDAQ BulletShares USD Corporate Bond 2025 Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: Invesco and ETFMG. Their fees differ too: 0.10% for BSCP and 3.76% for BDRY.