BSCT vs. FAAR
BSCT (Invesco BulletShares 2029 Corporate Bond ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - BSCT is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2029 Index, while FAAR is a Commodities fund actively managed by First Trust. BSCT is passively managed, while FAAR is actively managed. Over the past 5 years, BSCT returned 1.09%/yr vs 7.72%/yr for FAAR. At a correlation of -0.06, they often move in opposite directions. BSCT charges 0.10%/yr vs 0.95%/yr for FAAR.
Performance
BSCT vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, BSCT achieves a 0.62% return, which is significantly lower than FAAR's 19.14% return.
BSCT
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- 0.62%
- 6M
- 0.86%
- 1Y
- 4.15%
- 3Y*
- 5.70%
- 5Y*
- 1.09%
- 10Y*
- —
FAAR
- 1D
- -0.91%
- 1M
- -5.21%
- YTD
- 19.14%
- 6M
- 18.06%
- 1Y
- 28.33%
- 3Y*
- 10.57%
- 5Y*
- 7.72%
- 10Y*
- 4.69%
BSCT vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 0.62% | 7.51% | 3.45% | 8.61% | -12.88% | -2.13% | 10.83% | 1.72% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.67% |
Correlation
The correlation between BSCT and FAAR is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | -0.06 |
The correlation between BSCT and FAAR shifts across timeframes, from -0.21 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSCT vs. FAAR — Risk / Return Rank
BSCT
FAAR
BSCT vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| BSCT | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 4.52 | -1.96 |
| Martin ratioReturn relative to average drawdown | 9.27 | 15.18 | -5.91 |
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Drawdowns
BSCT vs. FAAR - Drawdown Comparison
The maximum BSCT drawdown since its inception was -19.14%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for BSCT and FAAR.
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Drawdown Indicators
| BSCT | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -18.03% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -6.29% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -11.54% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.14% | -18.03% | -1.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.47% | -6.29% | +5.82% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -7.82% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.87% | -1.42% |
Volatility
BSCT vs. FAAR - Volatility Comparison
The current volatility for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) is 0.68%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.55%. This indicates that BSCT experiences smaller price fluctuations and is considered to be less risky than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCT | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 2.55% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 9.68% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 13.38% | -11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 12.96% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.24% | 11.54% | -4.30% |
BSCT vs. FAAR - Expense Ratio Comparison
BSCT has a 0.10% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
BSCT vs. FAAR - Dividend Comparison
BSCT's dividend yield for the trailing twelve months is around 4.58%, less than FAAR's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 4.58% | 4.53% | 4.51% | 3.89% | 2.65% | 1.94% | 2.24% | 0.86% | 0.00% | 0.00% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.66% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Frequently Asked Questions
BSCT and FAAR have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAAR has higher volatility (2.55%) compared to BSCT (0.68%). In terms of maximum drawdown, BSCT dropped -19.14% vs FAAR's -18.03%.
On 5-year performance, FAAR leads with 7.72% vs 1.09% for BSCT. On fees, BSCT is cheaper at 0.10% per year. On volatility, BSCT has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FAAR has performed better with a 7.72% return vs 1.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCT is cheaper with a 0.10% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 4.58% for BSCT.
BSCT is categorized as Corporate Bonds, while FAAR is Commodities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.10% for BSCT and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.15 vs 1.83), 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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