BSCQ vs. SGOV
BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, BSCQ returned 1.47%/yr vs 3.54%/yr for SGOV. At a 0.07 correlation, their price movements are largely independent. BSCQ charges 0.10%/yr vs 0.09%/yr for SGOV.
Performance
BSCQ vs. SGOV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BSCQ having a 1.55% return and SGOV slightly lower at 1.52%.
BSCQ
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.55%
- 6M
- 1.92%
- 1Y
- 4.39%
- 3Y*
- 5.05%
- 5Y*
- 1.47%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
BSCQ vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.55% | 5.02% | 4.86% | 5.71% | -8.31% | -1.68% | 5.14% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between BSCQ and SGOV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.07 |
Over the past year, BSCQ and SGOV have become more correlated (0.28) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
BSCQ vs. SGOV — Risk / Return Rank
BSCQ
SGOV
BSCQ vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.27 | ||
| Sortino ratioReturn per unit of downside risk | -260.55 | ||
| Omega ratioGain probability vs. loss probability | 3.43 | 195.55 | -192.12 |
| Calmar ratioReturn relative to maximum drawdown | 42.97 | 398.20 | -355.22 |
| Martin ratioReturn relative to average drawdown | 178.56 | 4,462.00 | -4,283.44 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.01 | 20.28 | -13.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 14.74 | -14.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 12.49 | -11.88 |
Drawdowns
BSCQ vs. SGOV - Drawdown Comparison
The maximum BSCQ drawdown since its inception was -16.50%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BSCQ and SGOV.
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Drawdown Indicators
| BSCQ | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -0.03% | -16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.01% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -1.13% | -0.01% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -0.03% | -12.99% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -0.00% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.00% | +0.02% |
Volatility
BSCQ vs. SGOV - Volatility Comparison
Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) has a higher volatility of 0.17% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BSCQ's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCQ | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 0.05% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.43% | 0.13% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 0.20% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 0.24% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 0.24% | +4.53% |
BSCQ vs. SGOV - Expense Ratio Comparison
BSCQ has a 0.10% expense ratio, which is higher than SGOV's 0.09% 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. SGOV - Dividend Comparison
BSCQ's dividend yield for the trailing twelve months is around 4.12%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSCQ and SGOV have a correlation of 0.28, 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 SGOV (0.05%). In terms of maximum drawdown, BSCQ dropped -16.50% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.54% vs 1.47% for BSCQ. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.54% return vs 1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.10% for BSCQ.
BSCQ has the higher dividend yield at 4.12%, compared with 3.86% for SGOV.
BSCQ is categorized as Corporate Bonds, while SGOV is Ultrashort Bond. BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCQ and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 7.01), 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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