BSCP vs. BSCO
Compare and contrast key facts about Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO).
BSCP and BSCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2025 Index. It was launched on Oct 7, 2015. 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. Both BSCP and BSCO 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: BSCP or BSCO.
Key characteristics
| BSCP | BSCO | |
|---|---|---|
| YTD Return | 4.45% | 4.59% |
| 1Y Return | 6.59% | 5.67% |
| 3Y Return (Ann) | 1.06% | 1.71% |
| 5Y Return (Ann) | 2.16% | 2.48% |
| Sharpe Ratio | 5.55 | 9.19 |
| Sortino Ratio | 11.32 | 22.01 |
| Omega Ratio | 2.76 | 5.13 |
| Calmar Ratio | 1.45 | 4.20 |
| Martin Ratio | 85.33 | 309.29 |
| Ulcer Index | 0.08% | 0.02% |
| Daily Std Dev | 1.19% | 0.62% |
| Max Drawdown | -15.54% | -17.44% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSCP and BSCO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSCP vs. BSCO - Performance Comparison
The year-to-date returns for both investments are quite close, with BSCP having a 4.45% return and BSCO slightly higher at 4.59%. 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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BSCP vs. BSCO - Expense Ratio Comparison
Both BSCP and BSCO have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BSCP vs. BSCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO). 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
BSCP vs. BSCO - Dividend Comparison
BSCP's dividend yield for the trailing twelve months is around 3.90%, more than BSCO's 3.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCP Invesco BulletShares 2025 Corporate Bond ETF | 3.90% | 3.40% | 2.24% | 1.94% | 2.43% | 3.12% | 3.26% | 2.93% | 3.12% | 0.76% | 0.00% |
BSCO Invesco BulletShares 2024 Corporate Bond ETF | 3.67% | 2.88% | 2.15% | 2.02% | 2.43% | 3.02% | 3.21% | 3.01% | 3.17% | 3.34% | 0.78% |
Drawdowns
BSCP vs. BSCO - Drawdown Comparison
The maximum BSCP drawdown since its inception was -15.54%, smaller than the maximum BSCO drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for BSCP and BSCO. For additional features, visit the drawdowns tool.
Volatility
BSCP vs. BSCO - Volatility Comparison
Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO) have volatilities of 0.16% and 0.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.