BSCQ vs. OVT
Compare and contrast key facts about Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and Overlay Shares Short Term Bond ETF (OVT).
BSCQ and OVT 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. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
BSCQ vs. OVT - Performance Comparison
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BSCQ vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 0.79% | 5.02% | 4.86% | 5.71% | -8.31% | -1.25% |
OVT Overlay Shares Short Term Bond ETF | 1.21% | 7.61% | 7.44% | 7.73% | -9.68% | 2.07% |
Returns By Period
In the year-to-date period, BSCQ achieves a 0.79% return, which is significantly lower than OVT's 1.21% return.
BSCQ
- 1D
- 0.10%
- 1M
- 0.23%
- YTD
- 0.79%
- 6M
- 1.92%
- 1Y
- 4.50%
- 3Y*
- 4.75%
- 5Y*
- 1.59%
- 10Y*
- —
OVT
- 1D
- 0.59%
- 1M
- -0.82%
- YTD
- 1.21%
- 6M
- 3.29%
- 1Y
- 8.33%
- 3Y*
- 7.22%
- 5Y*
- 3.05%
- 10Y*
- —
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BSCQ vs. OVT - Expense Ratio Comparison
BSCQ has a 0.10% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
BSCQ vs. OVT — Risk / Return Rank
BSCQ
OVT
BSCQ vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and Overlay Shares Short Term Bond ETF (OVT). 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.
| BSCQ | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.39 | 2.10 | +3.29 |
Sortino ratioReturn per unit of downside risk | 9.14 | 3.00 | +6.14 |
Omega ratioGain probability vs. loss probability | 2.82 | 1.42 | +1.41 |
Calmar ratioReturn relative to maximum drawdown | 10.98 | 4.46 | +6.51 |
Martin ratioReturn relative to average drawdown | 73.48 | 16.27 | +57.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSCQ | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.39 | 2.10 | +3.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.66 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.64 | -0.05 |
Correlation
The correlation between BSCQ and OVT is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BSCQ vs. OVT - Dividend Comparison
BSCQ's dividend yield for the trailing twelve months is around 4.15%, less than OVT's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 4.15% | 4.14% | 4.05% | 3.53% | 2.54% | 1.91% | 2.42% | 2.96% | 3.32% | 2.92% | 0.51% |
OVT Overlay Shares Short Term Bond ETF | 8.80% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSCQ vs. OVT - Drawdown Comparison
The maximum BSCQ drawdown since its inception was -16.50%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for BSCQ and OVT.
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Drawdown Indicators
| BSCQ | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -13.59% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -1.94% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -13.59% | +0.57% |
Current DrawdownCurrent decline from peak | 0.00% | -0.82% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -3.50% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.53% | -0.47% |
Volatility
BSCQ vs. OVT - Volatility Comparison
The current volatility for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) is 0.22%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.46%. This indicates that BSCQ experiences smaller price fluctuations and is considered to be less risky than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCQ | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 1.46% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.45% | 2.83% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 3.99% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 4.63% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.81% | 4.59% | +0.22% |