BSCS vs. BALT
Compare and contrast key facts about Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Innovator Defined Wealth Shield ETF (BALT).
BSCS and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCS is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2028 TR Index. It was launched on Aug 9, 2018. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCS or BALT.
Key characteristics
| BSCS | BALT | |
|---|---|---|
| YTD Return | 3.95% | 9.24% |
| 1Y Return | 9.50% | 11.23% |
| 3Y Return (Ann) | -0.57% | 6.45% |
| Sharpe Ratio | 2.41 | 3.69 |
| Sortino Ratio | 3.77 | 5.72 |
| Omega Ratio | 1.48 | 1.86 |
| Calmar Ratio | 0.79 | 6.06 |
| Martin Ratio | 11.80 | 32.81 |
| Ulcer Index | 0.77% | 0.34% |
| Daily Std Dev | 3.78% | 3.03% |
| Max Drawdown | -18.42% | -2.16% |
| Current Drawdown | -3.11% | 0.00% |
Correlation
The correlation between BSCS and BALT is 0.18, 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
BSCS vs. BALT - Performance Comparison
In the year-to-date period, BSCS achieves a 3.95% return, which is significantly lower than BALT's 9.24% 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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BSCS vs. BALT - Expense Ratio Comparison
BSCS has a 0.10% expense ratio, which is lower than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
BSCS vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Innovator Defined Wealth Shield ETF (BALT). 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
BSCS vs. BALT - Dividend Comparison
BSCS's dividend yield for the trailing twelve months is around 4.45%, while BALT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.45% | 3.90% | 2.71% | 2.13% | 2.70% | 3.28% | 1.88% |
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSCS vs. BALT - Drawdown Comparison
The maximum BSCS drawdown since its inception was -18.42%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for BSCS and BALT. For additional features, visit the drawdowns tool.
Volatility
BSCS vs. BALT - Volatility Comparison
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) has a higher volatility of 0.89% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.80%. This indicates that BSCS's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.