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BSCQ vs. ICSH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BSCQ vs. ICSH

Last updated Jun 4, 2026

BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both exchange-traded funds - BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index, while ICSH is a Ultrashort Bond fund tracking the ICE BofA US 6-Month Treasury Bill Index (USD). Both are passively managed. Over the past 5 years, BSCQ returned 1.47%/yr vs 3.67%/yr for ICSH. At a 0.25 correlation, their price movements are largely independent. BSCQ charges 0.10%/yr vs 0.08%/yr for ICSH.

Performance

BSCQ vs. ICSH - Performance Comparison

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

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Returns By Period

In the year-to-date period, BSCQ achieves a 1.55% return, which is significantly higher than ICSH's 1.45% return.

BSCQ

1D
0.08%
1M
0.34%
YTD
1.55%
6M
1.92%
1Y
4.41%
3Y*
5.06%
5Y*
1.47%
10Y*
—

ICSH

1D
0.00%
1M
0.34%
YTD
1.45%
6M
1.79%
1Y
4.36%
3Y*
5.20%
5Y*
3.67%
10Y*
2.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BSCQ vs. ICSH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BSCQ
Invesco BulletShares 2026 Corporate Bond ETF		1.55%5.02%4.86%5.71%-8.31%-1.68%9.41%13.94%-2.40%5.93%
ICSH
iShares Ultra Short Duration Bond Active ETF		1.45%4.96%5.52%5.58%0.97%0.16%1.61%3.17%2.25%1.63%

Correlation

The correlation between BSCQ and ICSH is 0.02, 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

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2016

0.25

Over the past year, the correlation between BSCQ and ICSH has dropped to 0.02 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

BSCQ vs. ICSH - Sectors Allocation Comparison

Sectors
BSCQ
ICSH

Financial Services

32.7%

-

Technology

10.8%

-

Healthcare

7.4%

-

Consumer Cyclical

6.1%

-

Industrials

6.0%

-

Consumer Defensive

3.9%

-

Utilities

3.5%
100.0%

Energy

3.0%

-

Real Estate

2.9%

-

Communication Services

1.5%

-

Basic Materials

0.5%

-

Financial Services

BSCQ
32.7%
ICSH

-

Technology

BSCQ
10.8%
ICSH

-

Healthcare

BSCQ
7.4%
ICSH

-

Consumer Cyclical

BSCQ
6.1%
ICSH

-

Industrials

BSCQ
6.0%
ICSH

-

Consumer Defensive

BSCQ
3.9%
ICSH

-

Utilities

BSCQ
3.5%
ICSH
100.0%

Energy

BSCQ
3.0%
ICSH

-

Real Estate

BSCQ
2.9%
ICSH

-

Communication Services

BSCQ
1.5%
ICSH

-

Basic Materials

BSCQ
0.5%
ICSH

-

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Invesco BulletShares 2026 Corporate Bond ETF

iShares Ultra Short Duration Bond Active ETF

Often compared with BSCQ:
BSCQ vs. BSCUBSCQ vs. BSCPBSCQ vs. BSJQBSCQ vs. SPBOBSCQ vs. TOTLBSCQ vs. IBDRBSCQ vs. DBND
Often compared with ICSH:
ICSH vs. SGOVICSH vs. JPSTICSH vs. PULSICSH vs. SPAXXICSH vs. BILICSH vs. FLDRICSH vs. SHV

Return for Risk

BSCQ vs. ICSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BSCQ
BSCQ Risk / Return Rank: 9999
Overall Rank
BSCQ Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
BSCQ Sortino Ratio Rank: 9999
Sortino Ratio Rank
BSCQ Omega Ratio Rank: 9999
Omega Ratio Rank
BSCQ Calmar Ratio Rank: 9999
Calmar Ratio Rank
BSCQ Martin Ratio Rank: 9999
Martin Ratio Rank
ICSH
ICSH Risk / Return Rank: 9999
Overall Rank
ICSH Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
ICSH Sortino Ratio Rank: 100100
Sortino Ratio Rank
ICSH Omega Ratio Rank: 100100
Omega Ratio Rank
ICSH Calmar Ratio Rank: 9999
Calmar Ratio Rank
ICSH Martin Ratio Rank: 9999
Martin Ratio Rank
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. ICSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.

BSCQICSHDifference
Sharpe ratioReturn per unit of total volatility
7.06
11.22

-4.17

Sortino ratioReturn per unit of downside risk
15.22
28.46

-13.24

Omega ratioGain probability vs. loss probability

3.45

6.79

-3.35

Calmar ratioReturn relative to maximum drawdown

43.24

44.30

-1.06

Martin ratioReturn relative to average drawdown

179.65

297.17

-117.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCQ vs. ICSH - Sharpe Ratio Comparison

The current BSCQ Sharpe Ratio is 7.06, which is lower than the ICSH Sharpe Ratio of 11.22. The chart below compares the historical Sharpe Ratios of BSCQ and ICSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BSCQICSHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

7.06

11.22

-4.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

7.64

-7.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

2.62

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

1.93

-1.33

Drawdowns

BSCQ vs. ICSH - Drawdown Comparison

The maximum BSCQ drawdown since its inception was -16.50%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for BSCQ and ICSH.

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Drawdown Indicators

BSCQICSHDifference

Max Drawdown

Largest peak-to-trough decline

-16.50%

-3.94%

-12.56%

Max Drawdown (1Y)

Largest decline over 1 year

-0.10%

-0.10%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-1.13%

-0.10%

-1.03%

Max Drawdown (5Y)

Largest decline over 5 years

-13.02%

-0.73%

-12.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-3.94%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.85%

-0.08%

-2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.02%

0.01%

+0.01%

Volatility

BSCQ vs. ICSH - Volatility Comparison

Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) has a higher volatility of 0.17% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.15%. This indicates that BSCQ's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BSCQICSHDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.17%

0.15%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

0.43%

0.30%

+0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

0.63%

0.39%

+0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.30%

0.48%

+2.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.77%

1.06%

+3.71%

BSCQ vs. ICSH - Expense Ratio Comparison

BSCQ has a 0.10% expense ratio, which is higher than ICSH's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BSCQ vs. ICSH - Dividend Comparison

BSCQ's dividend yield for the trailing twelve months is around 4.12%, less than ICSH's 4.34% yield.

PositionTTM20252024202320222021202020192018201720162015
BSCQ
Invesco BulletShares 2026 Corporate Bond ETF		4.12%4.14%4.05%3.53%2.54%1.91%2.42%2.96%3.32%2.92%0.51%0.00%
ICSH
iShares Ultra Short Duration Bond Active ETF		4.34%4.55%5.24%4.78%1.66%0.42%1.21%2.61%2.20%1.36%0.88%0.54%

Frequently Asked Questions

BSCQ and ICSH have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BSCQ has higher volatility (0.17%) compared to ICSH (0.15%). In terms of maximum drawdown, BSCQ dropped -16.50% vs ICSH's -3.94%.

On 5-year performance, ICSH leads with 3.67% vs 1.47% for BSCQ. On fees, ICSH is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ICSH has performed better with a 3.67% return vs 1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ICSH is cheaper with a 0.08% expense ratio, compared with 0.10% for BSCQ.

ICSH has the higher dividend yield at 4.34%, compared with 4.12% for BSCQ.

BSCQ is categorized as Corporate Bonds, while ICSH is Ultrashort Bond. BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index, while ICSH tracks ICE BofA US 6-Month Treasury Bill Index (USD). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCQ and 0.08% for ICSH.

ICSH currently has the higher Sharpe Ratio (11.22 vs 7.06), 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.

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