BSCX vs. SPHQ
BSCX (Invesco BulletShares 2033 Corporate Bond ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - BSCX is a Corporate Bonds fund tracking the Invesco BulletShares USD Corporate Bond 2033 Index, while SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past year, BSCX returned 4.91% vs 25.84% for SPHQ. At a 0.29 correlation, their price movements are largely independent. BSCX charges 0.10%/yr vs 0.15%/yr for SPHQ.
Performance
BSCX vs. SPHQ - Performance Comparison
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Returns By Period
In the year-to-date period, BSCX achieves a 0.19% return, which is significantly lower than SPHQ's 16.54% return.
BSCX
- 1D
- 0.12%
- 1M
- 0.42%
- YTD
- 0.19%
- 6M
- 0.43%
- 1Y
- 4.91%
- 3Y*
- —
- 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%
BSCX vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | 0.19% | 9.31% | 1.73% | 7.88% |
SPHQ Invesco S&P 500 Quality ETF | 16.54% | 13.25% | 25.44% | 5.44% |
Correlation
The correlation between BSCX and SPHQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.29 |
The correlation between BSCX and SPHQ shifts across timeframes, from 0.29 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BSCX vs. SPHQ — Risk / Return Rank
BSCX
SPHQ
BSCX vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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.
| BSCX | SPHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.92 | -1.21 |
| Martin ratioReturn relative to average drawdown | 5.19 | 12.48 | -7.30 |
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Drawdowns
BSCX vs. SPHQ - Drawdown Comparison
The maximum BSCX drawdown since its inception was -5.13%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for BSCX and SPHQ.
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Drawdown Indicators
| BSCX | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.13% | -57.83% | +52.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -8.90% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.57% | — |
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 | -1.38% | -2.93% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -10.68% | +9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.07% | -1.12% |
Volatility
BSCX vs. SPHQ - Volatility Comparison
The current volatility for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) is 1.14%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 5.88%. This indicates that BSCX 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
| BSCX | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 5.88% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 11.30% | -8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 13.46% | -9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 16.59% | -10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.05% | 17.91% | -11.86% |
BSCX vs. SPHQ - Expense Ratio Comparison
BSCX 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
BSCX vs. SPHQ - Dividend Comparison
BSCX's dividend yield for the trailing twelve months is around 4.89%, more than SPHQ's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | 4.89% | 4.82% | 5.00% | 1.08% | 0.00% | 0.00% | 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
BSCX and SPHQ have a correlation of 0.43, 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 BSCX (1.14%). In terms of maximum drawdown, BSCX dropped -5.13% vs SPHQ's -57.83%.
On 1-year performance, SPHQ leads with 25.84% vs 4.91% for BSCX. On fees, BSCX is cheaper at 0.10% per year. On volatility, BSCX has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPHQ has performed better with a 25.84% return vs 4.91%. 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 0.15% for SPHQ.
BSCX has the higher dividend yield at 4.89%, compared with 1.07% for SPHQ.
BSCX is categorized as Corporate Bonds, while SPHQ is S&P 500. BSCX tracks Invesco BulletShares USD Corporate Bond 2033 Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.10% for BSCX and 0.15% for SPHQ.
SPHQ currently has the higher Sharpe Ratio (1.94 vs 1.21), 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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