BSCP vs. PULS
Compare and contrast key facts about Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and PGIM Ultra Short Bond ETF (PULS).
BSCP and PULS 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. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCP or PULS.
Key characteristics
| BSCP | PULS | |
|---|---|---|
| YTD Return | 4.50% | 5.37% |
| 1Y Return | 6.14% | 6.44% |
| 3Y Return (Ann) | 1.08% | 4.37% |
| 5Y Return (Ann) | 2.14% | 3.08% |
| Sharpe Ratio | 5.59 | 12.27 |
| Sortino Ratio | 11.40 | 30.45 |
| Omega Ratio | 2.77 | 7.82 |
| Calmar Ratio | 1.58 | 64.63 |
| Martin Ratio | 85.98 | 397.42 |
| Ulcer Index | 0.08% | 0.02% |
| Daily Std Dev | 1.19% | 0.53% |
| Max Drawdown | -15.54% | -5.85% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BSCP and PULS is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSCP vs. PULS - Performance Comparison
In the year-to-date period, BSCP achieves a 4.50% return, which is significantly lower than PULS's 5.37% 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. PULS - Expense Ratio Comparison
BSCP has a 0.10% expense ratio, which is lower than PULS'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. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and PGIM Ultra Short Bond ETF (PULS). 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. PULS - Dividend Comparison
BSCP's dividend yield for the trailing twelve months is around 3.90%, less than PULS's 5.70% 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% |
PULS PGIM Ultra Short Bond ETF | 5.70% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSCP vs. PULS - Drawdown Comparison
The maximum BSCP drawdown since its inception was -15.54%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for BSCP and PULS. For additional features, visit the drawdowns tool.
Volatility
BSCP vs. PULS - Volatility Comparison
Invesco BulletShares 2025 Corporate Bond ETF (BSCP) has a higher volatility of 0.16% compared to PGIM Ultra Short Bond ETF (PULS) at 0.13%. This indicates that BSCP's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.