BSCW vs. IBDS
BSCW (Invesco BulletShares 2032 Corporate Bond ETF) and IBDS (iShares iBonds Dec 2027 Term Corporate ETF) are both Corporate Bonds funds - BSCW tracks the Invesco BulletShares Corporate Bond 2032 Index while IBDS tracks the Bloomberg Barclays December 2027 Maturity Corporate Index. Both are passively managed. Over the past 3 years, BSCW returned 5.59%/yr vs 5.43%/yr for IBDS. Their correlation of 0.82 means they have usually moved in the same direction. Both charge a 0.10% expense ratio.
Performance
BSCW vs. IBDS - Performance Comparison
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Returns By Period
In the year-to-date period, BSCW achieves a -0.37% return, which is significantly lower than IBDS's 1.80% return.
BSCW
- 1D
- -0.22%
- 1M
- -0.99%
- 6M
- -0.69%
- YTD
- -0.37%
- 1Y
- 2.29%
- 3Y*
- 5.59%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.17%
IBDS
- 1D
- 0.04%
- 1M
- 0.25%
- 6M
- 1.46%
- YTD
- 1.80%
- 1Y
- 3.87%
- 3Y*
- 5.43%
- 5Y*
- 1.33%
- 10Y*
- —
- ALL TIME*
- 3.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.39M | $5.81M | $6.89M | |
| $12.74M | $15.65M | $14.75M |
BSCW vs. IBDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSCW Invesco BulletShares 2032 Corporate Bond ETF | -0.37% | 9.00% | 2.20% | 9.31% | 0.31% |
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 1.80% | 5.86% | 4.61% | 6.44% | -0.44% |
Correlation
The correlation between BSCW and IBDS is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.82 |
The correlation between BSCW and IBDS shifts across timeframes, from 0.69 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSCW vs. IBDS — Risk / Return Rank
BSCW
IBDS
BSCW vs. IBDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2032 Corporate Bond ETF (BSCW) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS). 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.
| BSCW | IBDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -7.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 2.18 | -1.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 10.02 | -8.90 |
| Martin ratioReturn relative to average drawdown | 3.04 | 48.61 | -45.57 |
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Drawdowns
BSCW vs. IBDS - Drawdown Comparison
The maximum BSCW drawdown since its inception was -8.32%, smaller than the maximum IBDS drawdown of -16.75%. Use the drawdown chart below to compare losses from any high point for BSCW and IBDS.
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Drawdown Indicators
| BSCW | IBDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.32% | -16.75% | +8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -0.43% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -2.27% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.87% | — |
Current DrawdownCurrent decline from peak | -1.95% | 0.00% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -3.30% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.09% | +0.94% |
Volatility
BSCW vs. IBDS - Volatility Comparison
Invesco BulletShares 2032 Corporate Bond ETF (BSCW) has a higher volatility of 1.00% compared to iShares iBonds Dec 2027 Term Corporate ETF (IBDS) at 0.19%. This indicates that BSCW's price experiences larger fluctuations and is considered to be riskier than IBDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCW | IBDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.19% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 0.62% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 1.03% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 4.15% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.13% | 5.50% | +1.63% |
BSCW vs. IBDS - Expense Ratio Comparison
Both BSCW and IBDS have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSCW vs. IBDS - Dividend Comparison
BSCW's dividend yield for the trailing twelve months is around 4.87%, more than IBDS's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSCW Invesco BulletShares 2032 Corporate Bond ETF | 4.87% | 4.81% | 5.06% | 4.80% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 3.94% | 4.36% | 4.37% | 3.81% | 2.87% | 2.19% | 2.66% | 3.32% | 3.66% | 0.97% |
Frequently Asked Questions
BSCW and IBDS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCW has higher volatility (1.00%) compared to IBDS (0.19%). In terms of maximum drawdown, BSCW dropped -8.32% vs IBDS's -16.75%.
On 3-year performance, BSCW leads with 5.59% vs 5.43% for IBDS. Both ETFs have the same 0.10% expense ratio. On volatility, IBDS has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSCW has performed better with a 5.59% return vs 5.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCW and IBDS have the same expense ratio: 0.10% per year.
BSCW has the higher dividend yield at 4.87%, compared with 3.94% for IBDS.
BSCW tracks Invesco BulletShares Corporate Bond 2032 Index, while IBDS tracks Bloomberg Barclays December 2027 Maturity Corporate Index. They also come from different issuers: Invesco and iShares.
IBDS currently has the higher Sharpe Ratio (4.24 vs 0.82), 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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