BSCQ vs. VTEB
BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) and VTEB (Vanguard Tax-Exempt Bond ETF) are both exchange-traded funds - BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index, while VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 5 years, BSCQ returned 1.47%/yr vs 0.88%/yr for VTEB. At a 0.50 correlation, their price movements are largely independent. BSCQ charges 0.10%/yr vs 0.03%/yr for VTEB.
Performance
BSCQ vs. VTEB - Performance Comparison
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Returns By Period
In the year-to-date period, BSCQ achieves a 1.55% return, which is significantly higher than VTEB's 1.46% return.
BSCQ
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 1.55%
- 6M
- 1.92%
- 1Y
- 4.41%
- 3Y*
- 5.06%
- 5Y*
- 1.47%
- 10Y*
- —
VTEB
- 1D
- -0.06%
- 1M
- 0.66%
- YTD
- 1.46%
- 6M
- 1.89%
- 1Y
- 7.14%
- 3Y*
- 3.57%
- 5Y*
- 0.88%
- 10Y*
- 2.09%
BSCQ vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.46% | 3.72% | 1.31% | 6.15% | -7.99% | 1.14% | 5.19% | 7.35% | 1.04% | 4.87% |
Correlation
The correlation between BSCQ and VTEB is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.50 |
Over the past year, the correlation between BSCQ and VTEB has dropped to 0.06 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
BSCQ vs. VTEB — Risk / Return Rank
BSCQ
VTEB
BSCQ vs. VTEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.42 | ||
| Sortino ratioReturn per unit of downside risk | +11.30 | ||
| Omega ratioGain probability vs. loss probability | 3.45 | 1.58 | +1.87 |
| Calmar ratioReturn relative to maximum drawdown | 43.24 | 2.65 | +40.59 |
| Martin ratioReturn relative to average drawdown | 179.65 | 9.41 | +170.24 |
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 | VTEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.06 | 2.64 | +4.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.23 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.47 | +0.13 |
Drawdowns
BSCQ vs. VTEB - Drawdown Comparison
The maximum BSCQ drawdown since its inception was -16.50%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for BSCQ and VTEB.
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Drawdown Indicators
| BSCQ | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -17.00% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -2.71% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.13% | -5.53% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -12.64% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -2.33% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.76% | -0.74% |
Volatility
BSCQ vs. VTEB - Volatility Comparison
The current volatility for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) is 0.17%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 0.89%. This indicates that BSCQ experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCQ | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 0.89% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.43% | 2.01% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 2.72% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 3.90% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 5.26% | -0.49% |
BSCQ vs. VTEB - Expense Ratio Comparison
BSCQ has a 0.10% expense ratio, which is higher than VTEB's 0.03% 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. VTEB - Dividend Comparison
BSCQ's dividend yield for the trailing twelve months is around 4.12%, more than VTEB's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.35% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
BSCQ and VTEB have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTEB has higher volatility (0.89%) compared to BSCQ (0.17%). In terms of maximum drawdown, BSCQ dropped -16.50% vs VTEB's -17.00%.
On 5-year performance, BSCQ leads with 1.47% vs 0.88% for VTEB. On fees, VTEB is cheaper at 0.03% per year. On volatility, BSCQ has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSCQ has performed better with a 1.47% return vs 0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.10% for BSCQ.
BSCQ has the higher dividend yield at 4.12%, compared with 3.35% for VTEB.
BSCQ is categorized as Corporate Bonds, while VTEB is Municipal Bonds. BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for BSCQ and 0.03% for VTEB.
BSCQ currently has the higher Sharpe Ratio (7.06 vs 2.64), 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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