BSCS vs. DIVI
BSCS (Invesco BulletShares 2028 Corporate Bond ETF) and DIVI (Franklin International Core Dividend Tilt Index ETF) are both exchange-traded funds - BSCS is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while DIVI is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Both are passively managed. Over the past 5 years, BSCS returned 1.28%/yr vs 13.30%/yr for DIVI. At a 0.19 correlation, their price movements are largely independent. BSCS charges 0.10%/yr vs 0.09%/yr for DIVI.
Performance
BSCS vs. DIVI - Performance Comparison
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Returns By Period
In the year-to-date period, BSCS achieves a 0.83% return, which is significantly lower than DIVI's 10.71% return.
BSCS
- 1D
- 0.07%
- 1M
- 0.27%
- YTD
- 0.83%
- 6M
- 1.08%
- 1Y
- 4.13%
- 3Y*
- 5.59%
- 5Y*
- 1.28%
- 10Y*
- —
DIVI
- 1D
- -2.01%
- 1M
- -0.05%
- YTD
- 10.71%
- 6M
- 10.37%
- 1Y
- 26.90%
- 3Y*
- 18.25%
- 5Y*
- 13.30%
- 10Y*
- 11.73%
BSCS vs. DIVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 0.83% | 7.04% | 3.87% | 7.62% | -11.24% | -1.89% | 10.17% | 15.41% | -0.30% |
DIVI Franklin International Core Dividend Tilt Index ETF | 10.71% | 34.86% | 1.77% | 18.97% | -1.21% | 16.95% | 1.29% | 22.98% | -7.81% |
Correlation
The correlation between BSCS and DIVI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018 | 0.19 |
Over the past year, BSCS and DIVI have become more correlated (0.40) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
BSCS vs. DIVI — Risk / Return Rank
BSCS
DIVI
BSCS vs. DIVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Franklin International Core Dividend Tilt Index ETF (DIVI). 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.
| BSCS | DIVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.31 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.56 | +1.28 |
| Martin ratioReturn relative to average drawdown | 16.59 | 9.86 | +6.73 |
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Drawdowns
BSCS vs. DIVI - Drawdown Comparison
The maximum BSCS drawdown since its inception was -18.40%, smaller than the maximum DIVI drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for BSCS and DIVI.
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Drawdown Indicators
| BSCS | DIVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -27.76% | +9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -10.54% | +9.46% |
Max Drawdown (3Y)Largest decline over 3 years | -3.14% | -14.58% | +11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -18.53% | +0.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.76% | — |
Current DrawdownCurrent decline from peak | -0.15% | -2.01% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -3.62% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 2.73% | -2.48% |
Volatility
BSCS vs. DIVI - Volatility Comparison
The current volatility for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is 0.51%, while Franklin International Core Dividend Tilt Index ETF (DIVI) has a volatility of 5.19%. This indicates that BSCS experiences smaller price fluctuations and is considered to be less risky than DIVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCS | DIVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 5.19% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 12.95% | -11.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.63% | 15.34% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 15.43% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 16.36% | -10.14% |
BSCS vs. DIVI - Expense Ratio Comparison
BSCS has a 0.10% expense ratio, which is higher than DIVI'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
BSCS vs. DIVI - Dividend Comparison
BSCS's dividend yield for the trailing twelve months is around 4.46%, more than DIVI's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.46% | 4.46% | 4.54% | 3.90% | 2.72% | 2.14% | 2.50% | 3.04% | 1.42% | 0.00% | 0.00% |
DIVI Franklin International Core Dividend Tilt Index ETF | 2.05% | 3.76% | 4.39% | 3.17% | 6.03% | 2.77% | 8.04% | 1.61% | 5.67% | 5.22% | 11.56% |
Frequently Asked Questions
BSCS and DIVI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVI has higher volatility (5.19%) compared to BSCS (0.51%). In terms of maximum drawdown, BSCS dropped -18.40% vs DIVI's -27.76%.
On 5-year performance, DIVI leads with 13.30% vs 1.28% for BSCS. On fees, DIVI is cheaper at 0.09% per year. On volatility, BSCS has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVI has performed better with a 13.30% return vs 1.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVI is cheaper with a 0.09% expense ratio, compared with 0.10% for BSCS.
BSCS has the higher dividend yield at 4.46%, compared with 2.05% for DIVI.
BSCS is categorized as Corporate Bonds, while DIVI is Foreign Large Cap Equities. BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.10% for BSCS and 0.09% for DIVI.
BSCS currently has the higher Sharpe Ratio (2.55 vs 1.76), 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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