BSCP vs. BSCQ
Compare and contrast key facts about Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ).
BSCP and BSCQ 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. BSCQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2026 Index. It was launched on Sep 14, 2016. Both BSCP and BSCQ 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 BSCQ.
Key characteristics
| BSCP | BSCQ | |
|---|---|---|
| YTD Return | 4.50% | 4.28% |
| 1Y Return | 6.14% | 6.75% |
| 3Y Return (Ann) | 1.08% | 0.41% |
| 5Y Return (Ann) | 2.14% | 1.89% |
| Sharpe Ratio | 5.59 | 3.51 |
| Sortino Ratio | 11.40 | 5.87 |
| Omega Ratio | 2.77 | 1.81 |
| Calmar Ratio | 1.58 | 1.04 |
| Martin Ratio | 85.98 | 29.39 |
| Ulcer Index | 0.08% | 0.25% |
| Daily Std Dev | 1.19% | 2.11% |
| Max Drawdown | -15.54% | -16.50% |
| Current Drawdown | 0.00% | -0.64% |
Correlation
The correlation between BSCP and BSCQ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BSCP vs. BSCQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with BSCP having a 4.50% return and BSCQ slightly lower at 4.28%. 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. BSCQ - Expense Ratio Comparison
Both BSCP and BSCQ 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. BSCQ - 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 2026 Corporate Bond ETF (BSCQ). 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. BSCQ - Dividend Comparison
BSCP's dividend yield for the trailing twelve months is around 3.90%, less than BSCQ's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 3.96% | 3.54% | 2.54% | 1.91% | 2.43% | 3.18% | 3.33% | 2.91% | 0.69% | 0.00% |
Drawdowns
BSCP vs. BSCQ - Drawdown Comparison
The maximum BSCP drawdown since its inception was -15.54%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for BSCP and BSCQ. For additional features, visit the drawdowns tool.
Volatility
BSCP vs. BSCQ - Volatility Comparison
The current volatility for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) is 0.16%, while Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) has a volatility of 0.38%. This indicates that BSCP experiences smaller price fluctuations and is considered to be less risky than BSCQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.