BSCQ vs. EMLP
BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both exchange-traded funds - BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index, while EMLP is a MLPs fund actively managed by First Trust. BSCQ is passively managed, while EMLP is actively managed. Over the past 5 years, BSCQ returned 1.51%/yr vs 15.94%/yr for EMLP. At a 0.15 correlation, their price movements are largely independent. BSCQ charges 0.10%/yr vs 0.96%/yr for EMLP.
Performance
BSCQ vs. EMLP - Performance Comparison
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Returns By Period
In the year-to-date period, BSCQ achieves a 1.68% return, which is significantly lower than EMLP's 16.16% return.
BSCQ
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.78%
- 1Y
- 4.21%
- 3Y*
- 5.17%
- 5Y*
- 1.51%
- 10Y*
- —
EMLP
- 1D
- 1.23%
- 1M
- -1.97%
- YTD
- 16.16%
- 6M
- 16.10%
- 1Y
- 20.59%
- 3Y*
- 22.30%
- 5Y*
- 15.94%
- 10Y*
- 10.26%
BSCQ vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.68% | 5.02% | 4.86% | 5.71% | -8.31% | -1.68% | 9.41% | 13.94% | -2.40% | 5.93% |
EMLP First Trust North American Energy Infrastructure Fund | 16.16% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
Correlation
The correlation between BSCQ and EMLP is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.15 |
The correlation between BSCQ and EMLP shifts across timeframes, from -0.11 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSCQ vs. EMLP — Risk / Return Rank
BSCQ
EMLP
BSCQ vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and First Trust North American Energy Infrastructure Fund (EMLP). 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 | EMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.90 | ||
| Sortino ratioReturn per unit of downside risk | +12.42 | ||
| Omega ratioGain probability vs. loss probability | 3.40 | 1.35 | +2.05 |
| Calmar ratioReturn relative to maximum drawdown | 41.36 | 4.19 | +37.18 |
| Martin ratioReturn relative to average drawdown | 181.24 | 12.19 | +169.05 |
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Drawdowns
BSCQ vs. EMLP - Drawdown Comparison
The maximum BSCQ drawdown since its inception was -16.50%, smaller than the maximum EMLP drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for BSCQ and EMLP.
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Drawdown Indicators
| BSCQ | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -43.61% | +27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -4.94% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -1.13% | -11.47% | +10.34% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -14.59% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -0.03% | -2.33% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -5.75% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.69% | -1.67% |
Volatility
BSCQ vs. EMLP - Volatility Comparison
The current volatility for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) is 0.12%, while First Trust North American Energy Infrastructure Fund (EMLP) has a volatility of 3.65%. This indicates that BSCQ experiences smaller price fluctuations and is considered to be less risky than EMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCQ | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 3.65% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 7.96% | -7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.61% | 9.97% | -9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 14.49% | -11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 17.69% | -12.94% |
BSCQ vs. EMLP - Expense Ratio Comparison
BSCQ has a 0.10% expense ratio, which is lower than EMLP's 0.96% expense ratio.
Dividends
BSCQ vs. EMLP - Dividend Comparison
BSCQ's dividend yield for the trailing twelve months is around 4.11%, more than EMLP's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EMLP First Trust North American Energy Infrastructure Fund | 2.75% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
Frequently Asked Questions
BSCQ and EMLP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMLP has higher volatility (3.65%) compared to BSCQ (0.12%). In terms of maximum drawdown, BSCQ dropped -16.50% vs EMLP's -43.61%.
On 5-year performance, EMLP leads with 15.94% vs 1.51% for BSCQ. On fees, BSCQ is cheaper at 0.10% per year. 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.
Over the 5-year period, EMLP has performed better with a 15.94% return vs 1.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCQ is cheaper with a 0.10% expense ratio, compared with 0.96% for EMLP.
BSCQ has the higher dividend yield at 4.11%, compared with 2.75% for EMLP.
BSCQ is categorized as Corporate Bonds, while EMLP is MLPs. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.10% for BSCQ and 0.96% for EMLP.
BSCQ currently has the higher Sharpe Ratio (6.97 vs 2.08), 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.
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