BSCQ vs. ICSH
Compare and contrast key facts about Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and iShares Ultra Short-Term Bond ETF (ICSH).
BSCQ and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2026 Index. It was launched on Sep 14, 2016. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCQ or ICSH.
Key characteristics
BSCQ | ICSH | |
---|---|---|
YTD Return | 4.17% | 4.82% |
1Y Return | 7.29% | 5.91% |
3Y Return (Ann) | 0.37% | 3.77% |
5Y Return (Ann) | 1.91% | 2.67% |
Sharpe Ratio | 3.50 | 13.57 |
Sortino Ratio | 5.85 | 37.95 |
Omega Ratio | 1.81 | 8.52 |
Calmar Ratio | 0.99 | 85.78 |
Martin Ratio | 29.36 | 525.87 |
Ulcer Index | 0.25% | 0.01% |
Daily Std Dev | 2.11% | 0.44% |
Max Drawdown | -16.50% | -3.94% |
Current Drawdown | -0.74% | -0.04% |
Correlation
The correlation between BSCQ and ICSH is 0.25, 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
BSCQ vs. ICSH - Performance Comparison
In the year-to-date period, BSCQ achieves a 4.17% return, which is significantly lower than ICSH's 4.82% 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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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%.
Risk-Adjusted Performance
BSCQ vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and iShares Ultra Short-Term Bond 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.
Dividends
BSCQ vs. ICSH - Dividend Comparison
BSCQ's dividend yield for the trailing twelve months is around 3.97%, less than ICSH's 5.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Invesco BulletShares 2026 Corporate Bond ETF | 3.97% | 3.54% | 2.54% | 1.91% | 2.43% | 3.18% | 3.33% | 2.91% | 0.69% | 0.00% | 0.00% |
iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
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. For additional features, visit the drawdowns tool.
Volatility
BSCQ vs. ICSH - Volatility Comparison
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) has a higher volatility of 0.37% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.13%. 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.