BSCS vs. IBDT
BSCS (Invesco BulletShares 2028 Corporate Bond ETF) and IBDT (iShares iBonds Dec 2028 Term Corporate ETF) are both Corporate Bonds funds - BSCS tracks the NASDAQ BulletShares USD Corporate Bond 2028 TR Index while IBDT tracks the Bloomberg December 2028 Maturity Corporate Index. Both are passively managed. Over the past 5 years, BSCS returned 1.28%/yr vs 1.25%/yr for IBDT. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
BSCS vs. IBDT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BSCS having a 0.83% return and IBDT slightly higher at 0.86%.
BSCS
- 1D
- 0.07%
- 1M
- 0.27%
- YTD
- 0.83%
- 6M
- 1.08%
- 1Y
- 4.13%
- 3Y*
- 5.59%
- 5Y*
- 1.28%
- 10Y*
- —
IBDT
- 1D
- 0.06%
- 1M
- 0.31%
- YTD
- 0.86%
- 6M
- 1.12%
- 1Y
- 4.14%
- 3Y*
- 5.64%
- 5Y*
- 1.25%
- 10Y*
- —
BSCS vs. IBDT - 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% | 0.20% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 0.86% | 7.02% | 3.97% | 7.72% | -11.42% | -1.90% | 9.62% | 15.15% | 1.47% |
Correlation
The correlation between BSCS and IBDT is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018 | 0.85 |
The correlation between BSCS and IBDT has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
BSCS vs. IBDT — Risk / Return Rank
BSCS
IBDT
BSCS vs. IBDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT). 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 | IBDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.53 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 4.04 | -0.19 |
| Martin ratioReturn relative to average drawdown | 16.59 | 18.44 | -1.85 |
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Drawdowns
BSCS vs. IBDT - Drawdown Comparison
The maximum BSCS drawdown since its inception was -18.40%, roughly equal to the maximum IBDT drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for BSCS and IBDT.
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Drawdown Indicators
| BSCS | IBDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -17.79% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -1.03% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.14% | -3.19% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -17.68% | +0.05% |
Current DrawdownCurrent decline from peak | -0.15% | -0.12% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -4.13% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.22% | +0.03% |
Volatility
BSCS vs. IBDT - Volatility Comparison
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT) have volatilities of 0.51% and 0.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCS | IBDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.49% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 1.10% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.63% | 1.62% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 5.06% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 6.35% | -0.13% |
BSCS vs. IBDT - Expense Ratio Comparison
Both BSCS and IBDT have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSCS vs. IBDT - Dividend Comparison
BSCS's dividend yield for the trailing twelve months is around 4.46%, less than IBDT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.54% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
Frequently Asked Questions
BSCS and IBDT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCS has higher volatility (0.51%) compared to IBDT (0.49%). In terms of maximum drawdown, BSCS dropped -18.40% vs IBDT's -17.79%.
On 5-year performance, BSCS leads with 1.28% vs 1.25% for IBDT. Both ETFs have the same 0.10% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSCS has performed better with a 1.28% return vs 1.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCS and IBDT have the same expense ratio: 0.10% per year.
IBDT has the higher dividend yield at 4.54%, compared with 4.46% for BSCS.
BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while IBDT tracks Bloomberg December 2028 Maturity Corporate Index. They also come from different issuers: Invesco and iShares.
IBDT currently has the higher Sharpe Ratio (2.58 vs 2.55), 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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