BSCU vs. FTBFX

Last updated Jun 23, 2026

BSCU (Invesco BulletShares 2030 Corporate Bond ETF) and FTBFX (Fidelity Total Bond Fund) are both funds - BSCU is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2030 Index, while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. BSCU is passively managed, while FTBFX is actively managed. Over the past 5 years, BSCU returned 0.66%/yr vs 0.58%/yr for FTBFX. Their correlation of 0.87 suggests significant overlap in exposure. BSCU charges 0.10%/yr vs 0.45%/yr for FTBFX.

Performance

BSCU vs. FTBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2030 Corporate Bond ETF (BSCU) and Fidelity Total Bond Fund (FTBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCU achieves a 0.29% return, which is significantly lower than FTBFX's 0.57% return.

BSCU

• 1D: -0.06%
• 1M: 0.30%
• YTD: 0.29%
• 6M: 0.46%
• 1Y: 4.40%
• 3Y*: 5.55%
• 5Y*: 0.66%
• 10Y*: —

FTBFX

• 1D: 0.21%
• 1M: 0.89%
• YTD: 0.57%
• 6M: 0.92%
• 1Y: 5.08%
• 3Y*: 4.76%
• 5Y*: 0.58%
• 10Y*: 2.46%

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

BSCU vs. FTBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BSCU Invesco BulletShares 2030 Corporate Bond ETF	0.29%	8.24%	3.12%	8.66%	-15.08%	-3.02%	1.43%
FTBFX Fidelity Total Bond Fund	0.57%	7.50%	2.13%	7.25%	-13.58%	-0.44%	1.71%

Correlation

The correlation between BSCU and FTBFX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.87

The correlation between BSCU and FTBFX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

Return for Risk

BSCU vs. FTBFX — Risk / Return Rank

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

BSCU

BSCU Risk / Return Rank: 44
BSCU Sharpe Ratio Rank: 44
BSCU Sortino Ratio Rank: 47
BSCU Omega Ratio Rank: 42
BSCU Calmar Ratio Rank: 44
BSCU Martin Ratio Rank: 44

FTBFX

FTBFX Risk / Return Rank: 25
FTBFX Sharpe Ratio Rank: 25
FTBFX Sortino Ratio Rank: 27
FTBFX Omega Ratio Rank: 24
FTBFX Calmar Ratio Rank: 26
FTBFX Martin Ratio Rank: 22

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.

BSCU vs. FTBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Corporate Bond ETF (BSCU) and Fidelity Total Bond Fund (FTBFX). 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.

	BSCU	FTBFX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.34	+0.15
Sortino ratio: Return per unit of downside risk	2.28	2.01	+0.27
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	2.13	1.76	+0.37
Martin ratio: Return relative to average drawdown	6.94	5.10	+1.84

BSCU vs. FTBFX - Sharpe Ratio Comparison

The current BSCU Sharpe Ratio is 1.50, which is comparable to the FTBFX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of BSCU and FTBFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSCU vs. FTBFX - Drawdown Comparison

The maximum BSCU drawdown since its inception was -22.34%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for BSCU and FTBFX.

Drawdown Indicators

	BSCU	FTBFX	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-18.25%	-4.09%
Max Drawdown (1Y) Largest decline over 1 year	-2.07%	-2.89%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-5.66%	-5.82%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.74%	-18.25%	-3.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.25%	—
Current Drawdown Current decline from peak	-0.94%	-1.31%	+0.37%
Average Drawdown Average peak-to-trough decline	-7.99%	-2.32%	-5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	1.00%	-0.37%

Volatility

BSCU vs. FTBFX - Volatility Comparison

The current volatility for Invesco BulletShares 2030 Corporate Bond ETF (BSCU) is 0.89%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.21%. This indicates that BSCU experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCU	FTBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	1.21%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	2.17%	2.88%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	3.80%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	5.67%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.45%	4.73%	+1.72%

BSCU vs. FTBFX - Expense Ratio Comparison

BSCU has a 0.10% expense ratio, which is lower than FTBFX's 0.45% expense ratio.

Dividends

BSCU vs. FTBFX - Dividend Comparison

BSCU's dividend yield for the trailing twelve months is around 5.03%, more than FTBFX's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSCU Invesco BulletShares 2030 Corporate Bond ETF	5.03%	4.56%	4.70%	4.07%	3.06%	1.93%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%
FTBFX Fidelity Total Bond Fund	4.36%	4.36%	4.15%	4.15%	2.54%	1.89%	5.22%	3.03%	3.19%	2.97%	3.61%	3.30%

Frequently Asked Questions

Can I hold both BSCU and FTBFX in my portfolio?

BSCU and FTBFX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCU or FTBFX?

FTBFX has higher volatility (1.21%) compared to BSCU (0.89%). In terms of maximum drawdown, BSCU dropped -22.34% vs FTBFX's -18.25%.

Which has better risk-adjusted returns?

BSCU currently has the higher Sharpe Ratio (1.50 vs 1.34), 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.