BSCQ vs. BSCZ

Last updated Jun 25, 2026

BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) and BSCZ (Invesco BulletShares 2035 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCQ tracks the NASDAQ BulletShares USD Corporate Bond 2026 Index while BSCZ tracks the BulletShares® USD Corporate Bond 2035 Index. Both are passively managed. Over the past year, BSCQ returned 4.26% vs 5.32% for BSCZ. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.

Performance

BSCQ vs. BSCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCQ achieves a 1.68% return, which is significantly higher than BSCZ's 0.75% return.

BSCQ

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.68%
• 6M: 1.77%
• 1Y: 4.26%
• 3Y*: 5.17%
• 5Y*: 1.53%
• 10Y*: —

BSCZ

• 1D: 0.49%
• 1M: 1.12%
• YTD: 0.75%
• 6M: 0.56%
• 1Y: 5.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSCQ vs. BSCZ - Yearly Performance Comparison

	2026 (YTD)	2025
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	1.68%	2.85%
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	0.75%	5.67%

Correlation

The correlation between BSCQ and BSCZ is 0.08, 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	0.08
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.06

Return for Risk

BSCQ vs. BSCZ — Risk / Return Rank

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

BSCQ

BSCQ Risk / Return Rank: 99
BSCQ Sharpe Ratio Rank: 99
BSCQ Sortino Ratio Rank: 99
BSCQ Omega Ratio Rank: 99
BSCQ Calmar Ratio Rank: 99
BSCQ Martin Ratio Rank: 99

BSCZ

BSCZ Risk / Return Rank: 33
BSCZ Sharpe Ratio Rank: 32
BSCZ Sortino Ratio Rank: 32
BSCZ Omega Ratio Rank: 30
BSCZ Calmar Ratio Rank: 36
BSCZ Martin Ratio Rank: 36

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.

BSCQ vs. BSCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ). 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.

	BSCQ	BSCZ	Difference
Sharpe ratio: Return per unit of total volatility	7.10	1.06	+6.04
Sortino ratio: Return per unit of downside risk	15.91	1.57	+14.34
Omega ratio: Gain probability vs. loss probability	3.51	1.19	+2.32
Calmar ratio: Return relative to maximum drawdown	41.89	1.63	+40.26
Martin ratio: Return relative to average drawdown	183.04	4.94	+178.10

BSCQ vs. BSCZ - Sharpe Ratio Comparison

The current BSCQ Sharpe Ratio is 7.10, which is higher than the BSCZ Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of BSCQ and BSCZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSCQ vs. BSCZ - Drawdown Comparison

The maximum BSCQ drawdown since its inception was -16.50%, which is greater than BSCZ's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for BSCQ and BSCZ.

Drawdown Indicators

	BSCQ	BSCZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.50%	-3.28%	-13.22%
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	-3.28%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-1.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.02%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.90%	+0.87%
Average Drawdown Average peak-to-trough decline	-2.83%	-0.78%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	1.08%	-1.06%

Volatility

BSCQ vs. BSCZ - Volatility Comparison

The current volatility for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) is 0.12%, while Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) has a volatility of 1.47%. This indicates that BSCQ experiences smaller price fluctuations and is considered to be less risky than BSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCQ	BSCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.12%	1.47%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	0.41%	3.85%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	0.61%	5.03%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.29%	5.01%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.75%	5.01%	-0.26%

BSCQ vs. BSCZ - Expense Ratio Comparison

Both BSCQ and BSCZ 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%.

Dividends

BSCQ vs. BSCZ - Dividend Comparison

BSCQ's dividend yield for the trailing twelve months is around 4.11%, less than BSCZ's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	4.11%	4.14%	4.05%	3.53%	2.54%	1.91%	2.42%	2.96%	3.32%	2.92%	0.51%
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	4.50%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSCQ and BSCZ in my portfolio?

BSCQ and BSCZ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCQ or BSCZ?

BSCZ has higher volatility (1.47%) compared to BSCQ (0.12%). In terms of maximum drawdown, BSCQ dropped -16.50% vs BSCZ's -3.28%.

Which ETF is better, BSCQ or BSCZ?

On 1-year performance, BSCZ leads with 5.32% vs 4.26% for BSCQ. Both ETFs have the same 0.10% expense ratio. On volatility, BSCQ has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCQ or BSCZ?

Over the 1-year period, BSCZ has performed better with a 5.32% return vs 4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCQ or BSCZ?

BSCQ and BSCZ have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, BSCQ or BSCZ?

BSCZ has the higher dividend yield at 4.50%, compared with 4.11% for BSCQ.

What is the main difference between BSCQ and BSCZ?

BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index, while BSCZ tracks BulletShares® USD Corporate Bond 2035 Index.

Which has better risk-adjusted returns?

BSCQ currently has the higher Sharpe Ratio (7.10 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.