BSCP vs. OVT

Last updated Jun 25, 2026

BSCP (Invesco BulletShares 2025 Corporate Bond ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. BSCP is passively managed, while OVT is actively managed. At a 0.49 correlation, their price movements are largely independent. BSCP charges 0.10%/yr vs 0.80%/yr for OVT.

Performance

BSCP vs. OVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Overlay Shares Short Term Bond ETF (OVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSCP

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

OVT

• 1D: 0.27%
• 1M: 0.10%
• YTD: 2.26%
• 6M: 1.98%
• 1Y: 7.54%
• 3Y*: 7.36%
• 5Y*: 2.90%
• 10Y*: —

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

BSCP vs. OVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BSCP Invesco BulletShares 2025 Corporate Bond ETF	0.00%	4.19%	5.06%	5.11%	-5.99%	-0.86%
OVT Overlay Shares Short Term Bond ETF	2.26%	7.61%	7.44%	7.73%	-9.68%	1.73%

Correlation

The correlation between BSCP and OVT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021	0.49

Over the past year, the correlation between BSCP and OVT has dropped to 0.04 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

Return for Risk

BSCP vs. OVT — Risk / Return Rank

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

BSCP

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

OVT

OVT Risk / Return Rank: 79
OVT Sharpe Ratio Rank: 73
OVT Sortino Ratio Rank: 73
OVT Omega Ratio Rank: 78
OVT Calmar Ratio Rank: 90
OVT Martin Ratio Rank: 84

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. OVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and Overlay Shares Short Term Bond ETF (OVT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSCP	OVT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.07	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	4.89	—
Martin ratio: Return relative to average drawdown	—	15.26	—

Drawdowns

Drawdown Indicators

	BSCP	OVT	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.59%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.59%	—
Current Drawdown Current decline from peak	—	-0.75%	—
Average Drawdown Average peak-to-trough decline	—	-3.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.50%	—

Volatility

Volatility by Period

	BSCP	OVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.67%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.56%	—

BSCP vs. OVT - Expense Ratio Comparison

BSCP has a 0.10% expense ratio, which is lower than OVT's 0.80% expense ratio.

Dividends

BSCP vs. OVT - Dividend Comparison

BSCP's dividend yield for the trailing twelve months is around 1.92%, less than OVT's 8.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSCP Invesco BulletShares 2025 Corporate Bond ETF	1.92%	3.99%	3.96%	3.39%	2.24%	1.93%	2.42%	3.12%	3.26%	2.93%	2.94%	0.75%
OVT Overlay Shares Short Term Bond ETF	8.20%	7.21%	6.15%	5.11%	4.12%	4.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSCP and OVT in my portfolio?

BSCP and OVT have a correlation of 0.04, 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 OVT?

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 OVT?

BSCP is cheaper with a 0.10% expense ratio, compared with 0.80% for OVT.

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

OVT has the higher dividend yield at 8.20%, compared with 1.92% for BSCP.

What is the main difference between BSCP and OVT?

They also come from different issuers: Invesco and Liquid Strategies. Their fees differ too: 0.10% for BSCP and 0.80% for OVT.