BSCV vs. USHY

Last updated Jun 4, 2026

BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both exchange-traded funds - BSCV is a Corporate Bonds fund tracking the Invesco BulletShares Corporate Bond 2031 Index, while USHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained. Both are passively managed. Over the past 3 years, BSCV returned 5.70%/yr vs 8.91%/yr for USHY. A 0.62 correlation means they provide meaningful diversification when combined. BSCV charges 0.10%/yr vs 0.15%/yr for USHY.

Performance

BSCV vs. USHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCV achieves a 0.13% return, which is significantly lower than USHY's 1.42% return.

BSCV

• 1D: -0.09%
• 1M: 0.19%
• YTD: 0.13%
• 6M: 0.29%
• 1Y: 5.33%
• 3Y*: 5.70%
• 5Y*: —
• 10Y*: —

USHY

• 1D: -0.27%
• 1M: 0.40%
• YTD: 1.42%
• 6M: 1.77%
• 1Y: 7.02%
• 3Y*: 8.91%
• 5Y*: 4.24%
• 10Y*: —

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

BSCV vs. USHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BSCV Invesco BulletShares 2031 Corporate Bond ETF	0.13%	9.04%	2.62%	9.16%	-16.90%	-1.62%
USHY iShares Broad USD High Yield Corporate Bond ETF	1.42%	8.81%	8.45%	12.73%	-11.18%	0.18%

Correlation

The correlation between BSCV and USHY is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 17, 2021	0.62

The correlation between BSCV and USHY has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

BSCV vs. USHY - Sectors Allocation Comparison

Sectors	BSCV	USHY
Technology	13.8%	-
Healthcare	13.1%	-
Consumer Cyclical	9.4%	-
Financial Services	9.2%	-
Communication Services	8.6%	-
Energy	7.3%	99.2%
Industrials	6.4%	-
Real Estate	5.2%	0.8%
Consumer Defensive	4.4%	-
Utilities	3.8%	-
Basic Materials	1.2%	-

Return for Risk

BSCV vs. USHY — Risk / Return Rank

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

BSCV

BSCV Risk / Return Rank: 45
BSCV Sharpe Ratio Rank: 44
BSCV Sortino Ratio Rank: 48
BSCV Omega Ratio Rank: 44
BSCV Calmar Ratio Rank: 44
BSCV Martin Ratio Rank: 44

USHY

USHY Risk / Return Rank: 60
USHY Sharpe Ratio Rank: 55
USHY Sortino Ratio Rank: 61
USHY Omega Ratio Rank: 60
USHY Calmar Ratio Rank: 58
USHY Martin Ratio Rank: 69

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.

BSCV vs. USHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.

	BSCV	USHY	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.93	-0.38
Sortino ratio: Return per unit of downside risk	2.38	2.91	-0.54
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.17	2.90	-0.73
Martin ratio: Return relative to average drawdown	7.18	13.03	-5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCV vs. USHY - Sharpe Ratio Comparison

The current BSCV Sharpe Ratio is 1.55, which is comparable to the USHY Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BSCV and USHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSCV	USHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.93	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.58	-0.58

Drawdowns

BSCV vs. USHY - Drawdown Comparison

The maximum BSCV drawdown since its inception was -23.28%, roughly equal to the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for BSCV and USHY.

Drawdown Indicators

	BSCV	USHY	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-22.44%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-2.43%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-6.75%	-4.66%	-2.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.56%	—
Current Drawdown Current decline from peak	-1.19%	-0.27%	-0.92%
Average Drawdown Average peak-to-trough decline	-9.56%	-2.67%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.54%	+0.20%

Volatility

BSCV vs. USHY - Volatility Comparison

The current volatility for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is 1.02%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.13%. This indicates that BSCV experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCV	USHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	1.13%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	2.91%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	3.65%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.36%	7.34%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.36%	8.25%	-0.89%

BSCV vs. USHY - Expense Ratio Comparison

BSCV has a 0.10% expense ratio, which is lower than USHY'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. USHY - Dividend Comparison

BSCV's dividend yield for the trailing twelve months is around 4.69%, less than USHY's 6.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
USHY iShares Broad USD High Yield Corporate Bond ETF	6.92%	6.79%	6.89%	6.63%	6.08%	5.07%	5.30%	5.92%	6.30%	0.73%

Frequently Asked Questions

Can I hold both BSCV and USHY in my portfolio?

BSCV and USHY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCV or USHY?

USHY has higher volatility (1.13%) compared to BSCV (1.02%). In terms of maximum drawdown, BSCV dropped -23.28% vs USHY's -22.44%.

Which ETF is better, BSCV or USHY?

On 3-year performance, USHY leads with 8.91% vs 5.70% for BSCV. On fees, BSCV is cheaper at 0.10% per year. On volatility, BSCV has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCV or USHY?

Over the 3-year period, USHY has performed better with a 8.91% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCV or USHY?

BSCV is cheaper with a 0.10% expense ratio, compared with 0.15% for USHY.

Which ETF pays a higher dividend yield, BSCV or USHY?

USHY has the higher dividend yield at 6.92%, compared with 4.69% for BSCV.

What is the main difference between BSCV and USHY?

BSCV is categorized as Corporate Bonds, while USHY is High Yield Bonds. BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while USHY tracks ICE BofA US High Yield Constrained. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCV and 0.15% for USHY.

Which has better risk-adjusted returns?

USHY currently has the higher Sharpe Ratio (1.93 vs 1.55), 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.