BSCU vs. SPHQ
BSCU (Invesco BulletShares 2030 Corporate Bond ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - BSCU is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2030 Index, while SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 5 years, BSCU returned 0.39%/yr vs 13.45%/yr for SPHQ. At a 0.25 correlation, their price movements are largely independent. BSCU charges 0.10%/yr vs 0.15%/yr for SPHQ.
Performance
BSCU vs. SPHQ - Performance Comparison
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Returns By Period
In the year-to-date period, BSCU achieves a 0.04% return, which is significantly lower than SPHQ's 16.39% return.
BSCU
- 1D
- -0.30%
- 1M
- -0.37%
- 6M
- 0.10%
- YTD
- 0.04%
- 1Y
- 3.66%
- 3Y*
- 5.36%
- 5Y*
- 0.39%
- 10Y*
- —
SPHQ
- 1D
- -1.48%
- 1M
- -0.34%
- 6M
- 12.52%
- YTD
- 16.39%
- 1Y
- 23.43%
- 3Y*
- 20.91%
- 5Y*
- 13.45%
- 10Y*
- 14.76%
BSCU vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BSCU Invesco BulletShares 2030 Corporate Bond ETF | 0.04% | 8.24% | 3.12% | 8.66% | -15.08% | -3.02% | 1.43% |
SPHQ Invesco S&P 500 Quality ETF | 16.39% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 9.48% |
Correlation
The correlation between BSCU and SPHQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.25 |
The correlation between BSCU and SPHQ shifts across timeframes, from 0.24 (5 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BSCU vs. SPHQ — Risk / Return Rank
BSCU
SPHQ
BSCU vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Corporate Bond ETF (BSCU) and Invesco S&P 500 Quality ETF (SPHQ). 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 | SPHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.65 | -0.87 |
| Martin ratioReturn relative to average drawdown | 5.62 | 10.96 | -5.34 |
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Drawdowns
BSCU vs. SPHQ - Drawdown Comparison
The maximum BSCU drawdown since its inception was -22.34%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for BSCU and SPHQ.
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Drawdown Indicators
| BSCU | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -57.83% | +35.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -8.90% | +6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -5.66% | -16.57% | +10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -25.04% | +3.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | -1.18% | -3.64% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -10.65% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.14% | -1.49% |
Volatility
BSCU vs. SPHQ - Volatility Comparison
The current volatility for Invesco BulletShares 2030 Corporate Bond ETF (BSCU) is 0.95%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 6.97%. This indicates that BSCU experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCU | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 6.97% | -6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 12.15% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 14.22% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 16.72% | -10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 17.95% | -11.52% |
BSCU vs. SPHQ - Expense Ratio Comparison
BSCU has a 0.10% expense ratio, which is lower than SPHQ'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
BSCU vs. SPHQ - Dividend Comparison
BSCU's dividend yield for the trailing twelve months is around 4.64%, more than SPHQ's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCU Invesco BulletShares 2030 Corporate Bond ETF | 4.64% | 4.56% | 4.70% | 4.07% | 3.06% | 1.93% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500 Quality ETF | 1.07% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Frequently Asked Questions
BSCU and SPHQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHQ has higher volatility (6.97%) compared to BSCU (0.95%). In terms of maximum drawdown, BSCU dropped -22.34% vs SPHQ's -57.83%.
On 5-year performance, SPHQ leads with 13.45% vs 0.39% for BSCU. On fees, BSCU is cheaper at 0.10% per year. On volatility, BSCU has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPHQ has performed better with a 13.45% return vs 0.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCU is cheaper with a 0.10% expense ratio, compared with 0.15% for SPHQ.
BSCU has the higher dividend yield at 4.64%, compared with 1.07% for SPHQ.
BSCU is categorized as Corporate Bonds, while SPHQ is S&P 500. BSCU tracks NASDAQ BulletShares USD Corporate Bond 2030 Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.10% for BSCU and 0.15% for SPHQ.
SPHQ currently has the higher Sharpe Ratio (1.66 vs 1.25), 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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