BSCV vs. SGOV
BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BSCV is a Corporate Bonds fund tracking the Invesco BulletShares Corporate Bond 2031 Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, BSCV returned 5.70%/yr vs 4.70%/yr for SGOV. At a 0.02 correlation, their price movements are largely independent. BSCV charges 0.10%/yr vs 0.09%/yr for SGOV.
Performance
BSCV vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BSCV achieves a -0.09% return, which is significantly lower than SGOV's 1.65% return.
BSCV
- 1D
- -0.52%
- 1M
- 0.43%
- YTD
- -0.09%
- 6M
- 0.26%
- 1Y
- 4.69%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.65%
- 6M
- 1.79%
- 1Y
- 3.94%
- 3Y*
- 4.70%
- 5Y*
- 3.57%
- 10Y*
- —
BSCV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | -0.09% | 9.04% | 2.62% | 9.16% | -16.90% | -1.46% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.65% | 4.24% | 5.27% | 5.12% | 1.58% | 0.01% |
Correlation
The correlation between BSCV and SGOV is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.02 |
The correlation between BSCV and SGOV shifts across timeframes, from -0.13 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSCV vs. SGOV — Risk / Return Rank
BSCV
SGOV
BSCV vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| BSCV | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.05 | ||
| Sortino ratioReturn per unit of downside risk | -272.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 195.05 | -193.80 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 397.15 | -395.25 |
| Martin ratioReturn relative to average drawdown | 6.03 | 4,450.28 | -4,444.26 |
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Drawdowns
BSCV vs. SGOV - Drawdown Comparison
The maximum BSCV drawdown since its inception was -23.28%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BSCV and SGOV.
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Drawdown Indicators
| BSCV | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -0.03% | -23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -0.01% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -0.01% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -1.40% | 0.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -0.00% | -9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.00% | +0.78% |
Volatility
BSCV vs. SGOV - Volatility Comparison
Invesco BulletShares 2031 Corporate Bond ETF (BSCV) has a higher volatility of 1.15% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BSCV's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCV | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.05% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 0.13% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 0.19% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 0.24% | +7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 0.24% | +7.10% |
BSCV vs. SGOV - Expense Ratio Comparison
BSCV has a 0.10% expense ratio, which is higher than SGOV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSCV vs. SGOV - Dividend Comparison
BSCV's dividend yield for the trailing twelve months is around 4.70%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 4.70% | 4.65% | 4.87% | 4.47% | 3.43% | 0.57% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BSCV and SGOV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCV has higher volatility (1.15%) compared to SGOV (0.05%). In terms of maximum drawdown, BSCV dropped -23.28% vs SGOV's -0.03%.
On 3-year performance, BSCV leads with 5.70% vs 4.70% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSCV has performed better with a 5.70% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.10% for BSCV.
BSCV has the higher dividend yield at 4.70%, compared with 3.85% for SGOV.
BSCV is categorized as Corporate Bonds, while SGOV is Ultrashort Bond. BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCV and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.44 vs 1.38), 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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