BSCS vs. USIG

Last updated Jun 4, 2026

BSCS (Invesco BulletShares 2028 Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - BSCS tracks the NASDAQ BulletShares USD Corporate Bond 2028 TR Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past 5 years, BSCS returned 1.39%/yr vs 0.72%/yr for USIG. Their correlation of 0.86 suggests significant overlap in exposure. BSCS charges 0.10%/yr vs 0.04%/yr for USIG.

Performance

BSCS vs. USIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCS achieves a 0.76% return, which is significantly higher than USIG's 0.56% return.

BSCS

• 1D: -0.05%
• 1M: 0.25%
• YTD: 0.76%
• 6M: 1.17%
• 1Y: 4.61%
• 3Y*: 5.45%
• 5Y*: 1.39%
• 10Y*: —

USIG

• 1D: -0.23%
• 1M: 0.56%
• YTD: 0.56%
• 6M: 0.37%
• 1Y: 6.04%
• 3Y*: 5.46%
• 5Y*: 0.72%
• 10Y*: 2.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSCS vs. USIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BSCS Invesco BulletShares 2028 Corporate Bond ETF	0.76%	7.04%	3.87%	7.62%	-11.24%	-1.89%	10.17%	15.41%	-0.40%
USIG iShares Broad USD Investment Grade Corporate Bond ETF	0.56%	7.86%	2.56%	8.71%	-15.30%	-1.34%	9.44%	13.99%	0.02%

Correlation

The correlation between BSCS and USIG is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.86

The correlation between BSCS and USIG shifts across timeframes, from 0.77 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BSCS vs. USIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSCS

BSCS Risk / Return Rank: 87
BSCS Sharpe Ratio Rank: 84
BSCS Sortino Ratio Rank: 93
BSCS Omega Ratio Rank: 90
BSCS Calmar Ratio Rank: 81
BSCS Martin Ratio Rank: 86

USIG

USIG Risk / Return Rank: 42
USIG Sharpe Ratio Rank: 41
USIG Sortino Ratio Rank: 42
USIG Omega Ratio Rank: 39
USIG Calmar Ratio Rank: 44
USIG Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSCS vs. USIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.

	BSCS	USIG	Difference
Sharpe ratio Return per unit of total volatility	2.75	1.47	+1.28
Sortino ratio Return per unit of downside risk	4.60	2.16	+2.44
Omega ratio Gain probability vs. loss probability	1.58	1.26	+0.32
Calmar ratio Return relative to maximum drawdown	4.29	2.17	+2.11
Martin ratio Return relative to average drawdown	18.35	7.07	+11.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCS vs. USIG - Sharpe Ratio Comparison

The current BSCS Sharpe Ratio is 2.75, which is higher than the USIG Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BSCS and USIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSCS	USIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	1.47	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.11	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.54	+0.06

Drawdowns

BSCS vs. USIG - Drawdown Comparison

The maximum BSCS drawdown since its inception was -18.40%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for BSCS and USIG.

Drawdown Indicators

	BSCS	USIG	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-22.21%	+3.81%
Max Drawdown (1Y) Largest decline over 1 year	-1.08%	-2.79%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	-3.14%	-6.10%	+2.96%
Max Drawdown (5Y) Largest decline over 5 years	-17.63%	-21.45%	+3.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.45%	—
Current Drawdown Current decline from peak	-0.10%	-0.97%	+0.87%
Average Drawdown Average peak-to-trough decline	-4.20%	-3.42%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.86%	-0.61%

Volatility

BSCS vs. USIG - Volatility Comparison

The current volatility for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is 0.37%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.27%. This indicates that BSCS experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCS	USIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	1.27%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	1.01%	3.04%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	1.68%	4.13%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.92%	6.82%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.24%	6.82%	-0.58%

BSCS vs. USIG - Expense Ratio Comparison

BSCS has a 0.10% expense ratio, which is higher than USIG's 0.04% 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. USIG - Dividend Comparison

BSCS's dividend yield for the trailing twelve months is around 4.46%, less than USIG's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
USIG iShares Broad USD Investment Grade Corporate Bond ETF	4.74%	4.62%	4.51%	3.94%	3.14%	2.33%	2.82%	3.37%	3.44%	3.03%	2.87%	3.24%

Frequently Asked Questions

Can I hold both BSCS and USIG in my portfolio?

BSCS and USIG have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCS or USIG?

USIG has higher volatility (1.27%) compared to BSCS (0.37%). In terms of maximum drawdown, BSCS dropped -18.40% vs USIG's -22.21%.

Which ETF is better, BSCS or USIG?

On 5-year performance, BSCS leads with 1.39% vs 0.72% for USIG. On fees, USIG is cheaper at 0.04% per year. On volatility, BSCS has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCS or USIG?

Over the 5-year period, BSCS has performed better with a 1.39% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCS or USIG?

USIG is cheaper with a 0.04% expense ratio, compared with 0.10% for BSCS.

Which ETF pays a higher dividend yield, BSCS or USIG?

USIG has the higher dividend yield at 4.74%, compared with 4.46% for BSCS.

What is the main difference between BSCS and USIG?

BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while USIG tracks ICE BofA US Corporate. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCS and 0.04% for USIG.

Which has better risk-adjusted returns?

BSCS currently has the higher Sharpe Ratio (2.75 vs 1.47), 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.