BSCV vs. SPHQ
BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - BSCV is a Corporate Bonds fund tracking the Invesco BulletShares Corporate Bond 2031 Index, while SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 3 years, BSCV returned 5.73%/yr vs 22.34%/yr for SPHQ. At a 0.27 correlation, their price movements are largely independent. BSCV charges 0.10%/yr vs 0.15%/yr for SPHQ.
Performance
BSCV vs. SPHQ - Performance Comparison
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Returns By Period
In the year-to-date period, BSCV achieves a 0.12% return, which is significantly lower than SPHQ's 16.54% return.
BSCV
- 1D
- 0.09%
- 1M
- 0.39%
- YTD
- 0.12%
- 6M
- 0.33%
- 1Y
- 4.32%
- 3Y*
- 5.73%
- 5Y*
- —
- 10Y*
- —
SPHQ
- 1D
- -2.93%
- 1M
- 2.94%
- YTD
- 16.54%
- 6M
- 15.11%
- 1Y
- 25.84%
- 3Y*
- 22.34%
- 5Y*
- 14.14%
- 10Y*
- 15.46%
BSCV vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 0.12% | 9.04% | 2.62% | 9.16% | -16.90% | -1.46% |
SPHQ Invesco S&P 500 Quality ETF | 16.54% | 13.25% | 25.44% | 24.83% | -15.76% | 6.70% |
Correlation
The correlation between BSCV and SPHQ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.27 |
The correlation between BSCV and SPHQ shifts across timeframes, from 0.27 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BSCV vs. SPHQ — Risk / Return Rank
BSCV
SPHQ
BSCV vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) 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.
| BSCV | SPHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.92 | -1.16 |
| Martin ratioReturn relative to average drawdown | 5.47 | 12.48 | -7.01 |
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Drawdowns
BSCV vs. SPHQ - Drawdown Comparison
The maximum BSCV drawdown since its inception was -23.28%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for BSCV and SPHQ.
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Drawdown Indicators
| BSCV | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -57.83% | +34.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -8.90% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -16.57% | +9.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | -1.19% | -2.93% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -10.68% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.07% | -1.28% |
Volatility
BSCV vs. SPHQ - Volatility Comparison
The current volatility for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is 1.09%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 5.88%. This indicates that BSCV 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
| BSCV | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 5.88% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 11.30% | -8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 13.46% | -10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 16.59% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 17.91% | -10.58% |
BSCV vs. SPHQ - Expense Ratio Comparison
BSCV 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
BSCV vs. SPHQ - Dividend Comparison
BSCV's dividend yield for the trailing twelve months is around 4.69%, more than SPHQ's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 4.69% | 4.65% | 4.87% | 4.47% | 3.43% | 0.57% | 0.00% | 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
BSCV and SPHQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHQ has higher volatility (5.88%) compared to BSCV (1.09%). In terms of maximum drawdown, BSCV dropped -23.28% vs SPHQ's -57.83%.
On 3-year performance, SPHQ leads with 22.34% vs 5.73% for BSCV. On fees, BSCV is cheaper at 0.10% per year. On volatility, BSCV has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPHQ has performed better with a 22.34% return vs 5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCV is cheaper with a 0.10% expense ratio, compared with 0.15% for SPHQ.
BSCV has the higher dividend yield at 4.69%, compared with 1.07% for SPHQ.
BSCV is categorized as Corporate Bonds, while SPHQ is S&P 500. BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.10% for BSCV and 0.15% for SPHQ.
SPHQ currently has the higher Sharpe Ratio (1.94 vs 1.27), 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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