BSCT vs. FLOT
BSCT (Invesco BulletShares 2029 Corporate Bond ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - BSCT is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2029 Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. Over the past 5 years, BSCT returned 1.09%/yr vs 4.22%/yr for FLOT. At a 0.13 correlation, their price movements are largely independent. BSCT charges 0.10%/yr vs 0.15%/yr for FLOT.
Performance
BSCT vs. FLOT - 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 FLOT's 2.01% return.
BSCT
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- 0.62%
- 6M
- 0.86%
- 1Y
- 4.15%
- 3Y*
- 5.70%
- 5Y*
- 1.09%
- 10Y*
- —
FLOT
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 2.01%
- 6M
- 2.15%
- 1Y
- 4.74%
- 3Y*
- 5.59%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
BSCT vs. FLOT - 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% |
FLOT iShares Floating Rate Bond ETF | 2.01% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 0.91% |
Correlation
The correlation between BSCT and FLOT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.13 |
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Return for Risk
BSCT vs. FLOT — Risk / Return Rank
BSCT
FLOT
BSCT vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.53 | ||
| Sortino ratioReturn per unit of downside risk | -8.67 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 3.11 | -1.76 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 11.03 | -8.47 |
| Martin ratioReturn relative to average drawdown | 9.27 | 102.10 | -92.83 |
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Drawdowns
BSCT vs. FLOT - Drawdown Comparison
The maximum BSCT drawdown since its inception was -19.14%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for BSCT and FLOT.
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Drawdown Indicators
| BSCT | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -13.54% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -0.43% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -1.57% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.14% | -2.36% | -16.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.02% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -0.21% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.05% | +0.40% |
Volatility
BSCT vs. FLOT - Volatility Comparison
Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a higher volatility of 0.68% compared to iShares Floating Rate Bond ETF (FLOT) at 0.21%. This indicates that BSCT's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCT | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.21% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 0.63% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 0.75% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 1.78% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.24% | 4.15% | +3.09% |
BSCT vs. FLOT - Expense Ratio Comparison
BSCT has a 0.10% expense ratio, which is lower than FLOT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSCT vs. FLOT - Dividend Comparison
BSCT's dividend yield for the trailing twelve months is around 4.58%, more than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
BSCT and FLOT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCT has higher volatility (0.68%) compared to FLOT (0.21%). In terms of maximum drawdown, BSCT dropped -19.14% vs FLOT's -13.54%.
On 5-year performance, FLOT leads with 4.22% vs 1.09% for BSCT. On fees, BSCT is cheaper at 0.10% per year. On volatility, FLOT has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLOT has performed better with a 4.22% 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 0.15% for FLOT.
BSCT has the higher dividend yield at 4.58%, compared with 4.53% for FLOT.
BSCT is categorized as Corporate Bonds, while FLOT is Ultrashort Bond. BSCT tracks NASDAQ BulletShares USD Corporate Bond 2029 Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCT and 0.15% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.36 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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