BSCT vs. BALT

Last updated Jun 3, 2026

BSCT (Invesco BulletShares 2029 Corporate Bond ETF) and BALT (Innovator Defined Wealth Shield ETF) are both exchange-traded funds - BSCT is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2029 Index, while BALT is a Defined Outcome fund tracking the S&P 500. Both are passively managed. Over the past 3 years, BSCT returned 5.63%/yr vs 7.29%/yr for BALT. At a 0.15 correlation, their price movements are largely independent. BSCT charges 0.10%/yr vs 0.69%/yr for BALT.

Performance

BSCT vs. BALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and Innovator Defined Wealth Shield ETF (BALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCT achieves a 0.62% return, which is significantly lower than BALT's 1.97% return.

BSCT

• 1D: 0.00%
• 1M: 0.09%
• YTD: 0.62%
• 6M: 1.02%
• 1Y: 4.89%
• 3Y*: 5.63%
• 5Y*: 1.35%
• 10Y*: —

BALT

• 1D: 0.01%
• 1M: 0.54%
• YTD: 1.97%
• 6M: 2.98%
• 1Y: 7.15%
• 3Y*: 7.29%
• 5Y*: —
• 10Y*: —

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

BSCT vs. BALT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BSCT Invesco BulletShares 2029 Corporate Bond ETF	0.62%	7.51%	3.45%	8.61%	-12.88%	-0.59%
BALT Innovator Defined Wealth Shield ETF	1.97%	6.65%	9.98%	7.45%	2.54%	0.82%

Correlation

The correlation between BSCT and BALT is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.15

The correlation between BSCT and BALT shifts across timeframes, from 0.06 (1 year) to 0.17 (3 years), reflecting how their relationship changes across market environments.

BSCT vs. BALT - Sectors Allocation Comparison

Sectors	BSCT	BALT
Technology	12.6%	36.2%
Financial Services	12.6%	11.9%
Healthcare	11.9%	8.4%
Consumer Cyclical	10.0%	10.1%
Communication Services	6.8%	10.9%
Industrials	6.8%	8.1%
Energy	5.3%	3.5%
Consumer Defensive	4.5%	4.9%
Utilities	4.3%	2.3%
Real Estate	3.1%	1.9%
Basic Materials	1.2%	1.8%

Return for Risk

BSCT vs. BALT — Risk / Return Rank

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

BSCT

BSCT Risk / Return Rank: 64
BSCT Sharpe Ratio Rank: 63
BSCT Sortino Ratio Rank: 72
BSCT Omega Ratio Rank: 68
BSCT Calmar Ratio Rank: 58
BSCT Martin Ratio Rank: 60

BALT

BALT Risk / Return Rank: 93
BALT Sharpe Ratio Rank: 91
BALT Sortino Ratio Rank: 94
BALT Omega Ratio Rank: 94
BALT Calmar Ratio Rank: 92
BALT Martin Ratio Rank: 92

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.

BSCT vs. BALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and Innovator Defined Wealth Shield ETF (BALT). 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.

	BSCT	BALT	Difference
Sharpe ratio Return per unit of total volatility	2.13	3.28	-1.15
Sortino ratio Return per unit of downside risk	3.31	5.02	-1.71
Omega ratio Gain probability vs. loss probability	1.42	1.70	-0.28
Calmar ratio Return relative to maximum drawdown	2.94	6.23	-3.29
Martin ratio Return relative to average drawdown	10.98	23.27	-12.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCT vs. BALT - Sharpe Ratio Comparison

The current BSCT Sharpe Ratio is 2.13, which is lower than the BALT Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of BSCT and BALT, 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

	BSCT	BALT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	3.28	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.80	-1.48

Drawdowns

BSCT vs. BALT - Drawdown Comparison

The maximum BSCT drawdown since its inception was -19.14%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for BSCT and BALT.

Drawdown Indicators

	BSCT	BALT	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-4.89%	-14.25%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	-1.15%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-4.21%	-4.89%	+0.68%
Max Drawdown (5Y) Largest decline over 5 years	-19.14%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-5.37%	-0.34%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.31%	+0.13%

Volatility

BSCT vs. BALT - Volatility Comparison

Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a higher volatility of 0.63% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.36%. This indicates that BSCT's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCT	BALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	0.36%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	1.56%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	2.31%	2.19%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.71%	3.32%	+2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.27%	3.32%	+3.95%

BSCT vs. BALT - Expense Ratio Comparison

BSCT has a 0.10% expense ratio, which is lower than BALT's 0.69% expense ratio.

Dividends

BSCT vs. BALT - Dividend Comparison

BSCT's dividend yield for the trailing twelve months is around 4.57%, while BALT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BALT Innovator Defined Wealth Shield ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSCT Invesco BulletShares 2029 Corporate Bond ETF	4.57%	4.53%	4.51%	3.89%	2.65%	1.94%	2.24%	0.86%

Frequently Asked Questions

Can I hold both BSCT and BALT in my portfolio?

BSCT and BALT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCT or BALT?

BSCT has higher volatility (0.63%) compared to BALT (0.36%). In terms of maximum drawdown, BSCT dropped -19.14% vs BALT's -4.89%.

Which ETF is better, BSCT or BALT?

On 3-year performance, BALT leads with 7.29% vs 5.63% for BSCT. On fees, BSCT is cheaper at 0.10% per year. On volatility, BALT has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCT or BALT?

Over the 3-year period, BALT has performed better with a 7.29% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCT or BALT?

BSCT is cheaper with a 0.10% expense ratio, compared with 0.69% for BALT.

Which ETF pays a higher dividend yield, BSCT or BALT?

BSCT has the higher dividend yield at 4.57%, compared with 0.00% for BALT.

What is the main difference between BSCT and BALT?

BSCT is categorized as Corporate Bonds, while BALT is Defined Outcome. BSCT tracks NASDAQ BulletShares USD Corporate Bond 2029 Index, while BALT tracks S&P 500. They also come from different issuers: Invesco and Innovator. Their fees differ too: 0.10% for BSCT and 0.69% for BALT.

Which has better risk-adjusted returns?

BALT currently has the higher Sharpe Ratio (3.28 vs 2.13), 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.