BSCS vs. HEQT
BSCS (Invesco BulletShares 2028 Corporate Bond ETF) and HEQT (Simplify Hedged Equity ETF) are both exchange-traded funds - BSCS is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while HEQT is a Equity Hedged fund actively managed by Simplify. BSCS is passively managed, while HEQT is actively managed. Over the past 3 years, BSCS returned 5.60%/yr vs 12.64%/yr for HEQT. Their 0.23 correlation means their historical movements had little consistent relationship. BSCS charges 0.10%/yr vs 0.43%/yr for HEQT.
Performance
BSCS vs. HEQT - Performance Comparison
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Returns By Period
In the year-to-date period, BSCS achieves a 1.16% return, which is significantly lower than HEQT's 5.74% return.
BSCS
- 1D
- -0.05%
- 1M
- 0.03%
- 6M
- 0.79%
- YTD
- 1.16%
- 1Y
- 3.41%
- 3Y*
- 5.60%
- 5Y*
- 1.07%
- 10Y*
- —
- ALL TIME*
- 3.70%
HEQT
- 1D
- 0.48%
- 1M
- 0.62%
- 6M
- 4.44%
- YTD
- 5.74%
- 1Y
- 12.81%
- 3Y*
- 12.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.44M | $10.96M | $10.54M | |
| $1.71M | $2.08M | $1.80M |
BSCS vs. HEQT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 1.16% | 7.04% | 3.87% | 7.62% | -11.24% | -0.13% |
HEQT Simplify Hedged Equity ETF | 5.74% | 10.08% | 18.30% | 16.61% | -8.25% | 2.11% |
Correlation
The correlation between BSCS and HEQT is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.23 |
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Return for Risk
BSCS vs. HEQT — Risk / Return Rank
BSCS
HEQT
BSCS vs. HEQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Simplify Hedged Equity ETF (HEQT). 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 | HEQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.34 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.37 | +1.36 |
| Martin ratioReturn relative to average drawdown | 16.19 | 10.53 | +5.66 |
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Drawdowns
BSCS vs. HEQT - Drawdown Comparison
The maximum BSCS drawdown since its inception was -18.40%, which is greater than HEQT's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for BSCS and HEQT.
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Drawdown Indicators
| BSCS | HEQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -11.51% | -6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -5.09% | +4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -10.57% | +7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.33% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -2.71% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.15% | -0.90% |
Volatility
BSCS vs. HEQT - Volatility Comparison
The current volatility for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is 0.46%, while Simplify Hedged Equity ETF (HEQT) has a volatility of 2.18%. This indicates that BSCS experiences smaller price fluctuations and is considered to be less risky than HEQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCS | HEQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 2.18% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 5.69% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.60% | 6.95% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 8.44% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.18% | 8.44% | -2.26% |
BSCS vs. HEQT - Expense Ratio Comparison
BSCS has a 0.10% expense ratio, which is lower than HEQT's 0.43% expense ratio.
Dividends
BSCS vs. HEQT - Dividend Comparison
BSCS's dividend yield for the trailing twelve months is around 4.45%, more than HEQT's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.45% | 4.46% | 4.54% | 3.90% | 2.72% | 2.14% | 2.50% | 3.04% | 1.42% |
HEQT Simplify Hedged Equity ETF | 1.19% | 1.19% | 1.29% | 4.10% | 3.94% | 0.27% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSCS and HEQT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEQT has higher volatility (2.18%) compared to BSCS (0.46%). In terms of maximum drawdown, BSCS dropped -18.40% vs HEQT's -11.51%.
On 3-year performance, HEQT leads with 12.64% vs 5.60% for BSCS. On fees, BSCS is cheaper at 0.10% per year. On volatility, BSCS has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HEQT has performed better with a 12.64% return vs 5.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCS is cheaper with a 0.10% expense ratio, compared with 0.43% for HEQT.
BSCS has the higher dividend yield at 4.45%, compared with 1.19% for HEQT.
BSCS is categorized as Corporate Bonds, while HEQT is Equity Hedged. They also come from different issuers: Invesco and Simplify. Their fees differ too: 0.10% for BSCS and 0.43% for HEQT.
BSCS currently has the higher Sharpe Ratio (2.52 vs 1.74), 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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