BSCP vs. IEI
Compare and contrast key facts about Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and iShares 3-7 Year Treasury Bond ETF (IEI).
BSCP and IEI 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. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. Both BSCP and IEI 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 IEI.
Key characteristics
| BSCP | IEI | |
|---|---|---|
| YTD Return | 4.42% | 1.74% |
| 1Y Return | 6.57% | 5.96% |
| 3Y Return (Ann) | 1.05% | -1.31% |
| 5Y Return (Ann) | 2.10% | 0.08% |
| Sharpe Ratio | 5.53 | 1.32 |
| Sortino Ratio | 11.27 | 1.99 |
| Omega Ratio | 2.75 | 1.24 |
| Calmar Ratio | 1.44 | 0.50 |
| Martin Ratio | 84.98 | 4.33 |
| Ulcer Index | 0.08% | 1.37% |
| Daily Std Dev | 1.19% | 4.51% |
| Max Drawdown | -15.54% | -14.60% |
| Current Drawdown | -0.02% | -6.76% |
Correlation
The correlation between BSCP and IEI is 0.67, 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. IEI - Performance Comparison
In the year-to-date period, BSCP achieves a 4.42% return, which is significantly higher than IEI's 1.74% 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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BSCP vs. IEI - Expense Ratio Comparison
BSCP has a 0.10% expense ratio, which is lower than IEI's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BSCP vs. IEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and iShares 3-7 Year Treasury Bond ETF (IEI). 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. IEI - Dividend Comparison
BSCP's dividend yield for the trailing twelve months is around 3.90%, more than IEI's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.10% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
Drawdowns
BSCP vs. IEI - Drawdown Comparison
The maximum BSCP drawdown since its inception was -15.54%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for BSCP and IEI. For additional features, visit the drawdowns tool.
Volatility
BSCP vs. IEI - Volatility Comparison
The current volatility for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) is 0.17%, while iShares 3-7 Year Treasury Bond ETF (IEI) has a volatility of 1.08%. This indicates that BSCP experiences smaller price fluctuations and is considered to be less risky than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.