BSCS vs. IBDT
Compare and contrast key facts about Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT).
BSCS and IBDT 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. IBDT is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2028 Maturity Corporate Index. It was launched on Sep 18, 2018. Both BSCS and IBDT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCS or IBDT.
Key characteristics
| BSCS | IBDT | |
|---|---|---|
| YTD Return | 3.75% | 3.87% |
| 1Y Return | 9.01% | 9.42% |
| 3Y Return (Ann) | -0.66% | -0.62% |
| 5Y Return (Ann) | 1.72% | 1.59% |
| Sharpe Ratio | 2.34 | 2.29 |
| Sortino Ratio | 3.65 | 3.51 |
| Omega Ratio | 1.46 | 1.45 |
| Calmar Ratio | 0.76 | 0.78 |
| Martin Ratio | 11.55 | 11.54 |
| Ulcer Index | 0.76% | 0.78% |
| Daily Std Dev | 3.75% | 3.91% |
| Max Drawdown | -18.42% | -17.79% |
| Current Drawdown | -3.30% | -3.02% |
Correlation
The correlation between BSCS and IBDT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BSCS vs. IBDT - Performance Comparison
The year-to-date returns for both investments are quite close, with BSCS having a 3.75% return and IBDT slightly higher at 3.87%. 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. 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%.
Risk-Adjusted Performance
BSCS vs. IBDT - Risk-Adjusted Performance 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.
Dividends
BSCS vs. IBDT - Dividend Comparison
BSCS's dividend yield for the trailing twelve months is around 4.46%, less than IBDT's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.46% | 3.90% | 2.71% | 2.13% | 2.70% | 3.28% | 1.88% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.61% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
Drawdowns
BSCS vs. IBDT - Drawdown Comparison
The maximum BSCS drawdown since its inception was -18.42%, 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. For additional features, visit the drawdowns tool.
Volatility
BSCS vs. IBDT - Volatility Comparison
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) has a higher volatility of 0.71% compared to iShares iBonds Dec 2028 Term Corporate ETF (IBDT) at 0.64%. This indicates that BSCS's price experiences larger fluctuations and is considered to be riskier than IBDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.