BSCX vs. CEMB
BSCX (Invesco BulletShares 2033 Corporate Bond ETF) and CEMB (iShares J.P. Morgan EM Corporate Bond ETF) are both Corporate Bonds funds - BSCX tracks the Invesco BulletShares USD Corporate Bond 2033 Index while CEMB tracks the JP Morgan CEMBI Broad Diversified. Both are passively managed. Over the past year, BSCX returned 2.07% vs 4.33% for CEMB. Their correlation of 0.82 means they have usually moved in the same direction. BSCX charges 0.10%/yr vs 0.50%/yr for CEMB.
Performance
BSCX vs. CEMB - Performance Comparison
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Returns By Period
In the year-to-date period, BSCX achieves a -0.73% return, which is significantly lower than CEMB's 1.15% return.
BSCX
- 1D
- -0.14%
- 1M
- -1.27%
- 6M
- -0.89%
- YTD
- -0.73%
- 1Y
- 2.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.30%
CEMB
- 1D
- -0.08%
- 1M
- -0.54%
- 6M
- 0.51%
- YTD
- 1.15%
- 1Y
- 4.33%
- 3Y*
- 6.79%
- 5Y*
- 1.81%
- 10Y*
- 3.28%
- ALL TIME*
- 3.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.02M | $3.19M | $4.15M | |
| $2.57M | $2.83M | $3.27M |
BSCX vs. CEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | -0.73% | 9.31% | 1.73% | 7.88% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.15% | 8.86% | 5.81% | 5.32% |
Correlation
The correlation between BSCX and CEMB is 0.78, 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. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.82 |
The correlation between BSCX and CEMB has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
BSCX vs. CEMB — Risk / Return Rank
BSCX
CEMB
BSCX vs. CEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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.
| BSCX | CEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.62 | -0.62 |
| Martin ratioReturn relative to average drawdown | 2.66 | 6.85 | -4.18 |
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Drawdowns
BSCX vs. CEMB - Drawdown Comparison
The maximum BSCX drawdown since its inception was -5.13%, smaller than the maximum CEMB drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for BSCX and CEMB.
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Drawdown Indicators
| BSCX | CEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.13% | -20.84% | +15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.88% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.84% | — |
Current DrawdownCurrent decline from peak | -2.29% | -0.69% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -3.62% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.68% | +0.41% |
Volatility
BSCX vs. CEMB - Volatility Comparison
Invesco BulletShares 2033 Corporate Bond ETF (BSCX) has a higher volatility of 1.00% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 0.61%. This indicates that BSCX's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCX | CEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.61% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 2.51% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 3.10% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 5.63% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 6.27% | -0.29% |
BSCX vs. CEMB - Expense Ratio Comparison
BSCX has a 0.10% expense ratio, which is lower than CEMB's 0.50% expense ratio.
Dividends
BSCX vs. CEMB - Dividend Comparison
BSCX's dividend yield for the trailing twelve months is around 4.97%, less than CEMB's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | 4.97% | 4.82% | 5.00% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 4.80% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
Frequently Asked Questions
BSCX and CEMB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCX has higher volatility (1.00%) compared to CEMB (0.61%). In terms of maximum drawdown, BSCX dropped -5.13% vs CEMB's -20.84%.
On 1-year performance, CEMB leads with 4.33% vs 2.07% for BSCX. On fees, BSCX is cheaper at 0.10% per year. On volatility, CEMB has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEMB has performed better with a 4.33% return vs 2.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCX is cheaper with a 0.10% expense ratio, compared with 0.50% for CEMB.
BSCX has the higher dividend yield at 4.97%, compared with 4.80% for CEMB.
BSCX tracks Invesco BulletShares USD Corporate Bond 2033 Index, while CEMB tracks JP Morgan CEMBI Broad Diversified. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCX and 0.50% for CEMB.
CEMB currently has the higher Sharpe Ratio (1.50 vs 0.72), 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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