BSCT vs. IBDT
Compare and contrast key facts about Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT).
BSCT and IBDT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCT is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2029 Index. It was launched on Sep 12, 2019. 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 BSCT 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: BSCT or IBDT.
Key characteristics
| BSCT | IBDT | |
|---|---|---|
| YTD Return | 4.19% | 4.42% |
| 1Y Return | 13.39% | 12.15% |
| 3Y Return (Ann) | -0.39% | -0.07% |
| 5Y Return (Ann) | 1.49% | 1.56% |
| Sharpe Ratio | 2.82 | 2.96 |
| Sortino Ratio | 4.43 | 4.66 |
| Omega Ratio | 1.56 | 1.61 |
| Calmar Ratio | 0.89 | 0.92 |
| Martin Ratio | 15.05 | 16.47 |
| Ulcer Index | 0.88% | 0.73% |
| Daily Std Dev | 4.71% | 4.04% |
| Max Drawdown | -19.16% | -17.79% |
| Current Drawdown | -3.58% | -2.51% |
Correlation
The correlation between BSCT and IBDT is 0.89, 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
BSCT vs. IBDT - Performance Comparison
In the year-to-date period, BSCT achieves a 4.19% return, which is significantly lower than IBDT's 4.42% return. 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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BSCT vs. IBDT - Expense Ratio Comparison
Both BSCT 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
BSCT vs. IBDT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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
BSCT vs. IBDT - Dividend Comparison
BSCT's dividend yield for the trailing twelve months is around 4.34%, less than IBDT's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 4.34% | 3.89% | 2.65% | 1.91% | 2.24% | 0.86% | 0.00% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.54% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
Drawdowns
BSCT vs. IBDT - Drawdown Comparison
The maximum BSCT drawdown since its inception was -19.16%, which is greater than IBDT's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for BSCT and IBDT. For additional features, visit the drawdowns tool.
Volatility
BSCT vs. IBDT - Volatility Comparison
Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a higher volatility of 0.97% compared to iShares iBonds Dec 2028 Term Corporate ETF (IBDT) at 0.77%. This indicates that BSCT'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.