BSCR vs. HYGH
BSCR (Invesco BulletShares 2027 Corporate Bond ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - BSCR is a Corporate Bonds fund tracking the NASDAQ Bulletshares® USD Corporate Bond 2027 Index, while HYGH is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Both are passively managed. Over the past 5 years, BSCR returned 1.44%/yr vs 6.91%/yr for HYGH. At a 0.08 correlation, their price movements are largely independent. BSCR charges 0.10%/yr vs 0.52%/yr for HYGH.
Performance
BSCR vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, BSCR achieves a 1.37% return, which is significantly lower than HYGH's 3.33% return.
BSCR
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.37%
- 6M
- 1.57%
- 1Y
- 4.25%
- 3Y*
- 5.34%
- 5Y*
- 1.44%
- 10Y*
- —
HYGH
- 1D
- -0.03%
- 1M
- 0.56%
- YTD
- 3.33%
- 6M
- 3.56%
- 1Y
- 7.74%
- 3Y*
- 9.87%
- 5Y*
- 6.91%
- 10Y*
- 6.48%
BSCR vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.37% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.33% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 11.09% | -0.85% | 0.92% |
Correlation
The correlation between BSCR and HYGH is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.08 |
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Return for Risk
BSCR vs. HYGH — Risk / Return Rank
BSCR
HYGH
BSCR vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Corporate Bond ETF (BSCR) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSCR | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +4.57 | ||
| Omega ratioGain probability vs. loss probability | 2.10 | 1.40 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 10.21 | 4.80 | +5.41 |
| Martin ratioReturn relative to average drawdown | 44.27 | 18.77 | +25.50 |
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Drawdowns
BSCR vs. HYGH - Drawdown Comparison
The maximum BSCR drawdown since its inception was -17.26%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for BSCR and HYGH.
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Drawdown Indicators
| BSCR | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -23.88% | +6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -1.62% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -8.06% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -14.87% | -8.24% | -6.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.08% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -2.22% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 0.41% | -0.31% |
Volatility
BSCR vs. HYGH - Volatility Comparison
The current volatility for Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is 0.23%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 0.63%. This indicates that BSCR experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCR | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.63% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 2.81% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 3.64% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.08% | 7.08% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 8.30% | -2.97% |
BSCR vs. HYGH - Expense Ratio Comparison
BSCR has a 0.10% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
BSCR vs. HYGH - Dividend Comparison
BSCR's dividend yield for the trailing twelve months is around 4.29%, less than HYGH's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.29% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.60% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Frequently Asked Questions
BSCR and HYGH have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYGH has higher volatility (0.63%) compared to BSCR (0.23%). In terms of maximum drawdown, BSCR dropped -17.26% vs HYGH's -23.88%.
On 5-year performance, HYGH leads with 6.91% vs 1.44% for BSCR. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYGH has performed better with a 6.91% return vs 1.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.52% for HYGH.
HYGH has the higher dividend yield at 6.60%, compared with 4.29% for BSCR.
BSCR is categorized as Corporate Bonds, while HYGH is High Yield Bonds. BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index, while HYGH tracks Markit iBoxx USD Liquid High Yield Interest Hedged Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCR and 0.52% for HYGH.
BSCR currently has the higher Sharpe Ratio (4.17 vs 2.14), 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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