BSCY vs. SCHI

Last updated Jun 24, 2026

BSCY (Invesco BulletShares 2034 Corporate Bond ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both Corporate Bonds funds - BSCY tracks the Nasdaq BulletShares USD Corporate Bond 2034 Index while SCHI tracks the Bloomberg US 5-10 Year Corporate Bond Index. Both are passively managed. Over the past year, BSCY returned 5.25% vs 5.29% for SCHI. With a 0.97 correlation, they move nearly in lockstep. BSCY charges 0.10%/yr vs 0.03%/yr for SCHI.

Performance

BSCY vs. SCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and Schwab 5-10 Year Corporate Bond ETF (SCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCY achieves a 0.34% return, which is significantly lower than SCHI's 0.37% return.

BSCY

• 1D: 0.10%
• 1M: 0.57%
• YTD: 0.34%
• 6M: 0.53%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHI

• 1D: 0.13%
• 1M: 0.68%
• YTD: 0.37%
• 6M: 0.50%
• 1Y: 5.29%
• 3Y*: 6.15%
• 5Y*: 1.19%
• 10Y*: —

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

BSCY vs. SCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BSCY Invesco BulletShares 2034 Corporate Bond ETF	0.34%	9.18%	2.41%
SCHI Schwab 5-10 Year Corporate Bond ETF	0.37%	9.47%	3.27%

Correlation

The correlation between BSCY and SCHI is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024	0.97

The correlation between BSCY and SCHI has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

BSCY vs. SCHI — Risk / Return Rank

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

BSCY

BSCY Risk / Return Rank: 35
BSCY Sharpe Ratio Rank: 35
BSCY Sortino Ratio Rank: 36
BSCY Omega Ratio Rank: 32
BSCY Calmar Ratio Rank: 36
BSCY Martin Ratio Rank: 38

SCHI

SCHI Risk / Return Rank: 37
SCHI Sharpe Ratio Rank: 38
SCHI Sortino Ratio Rank: 38
SCHI Omega Ratio Rank: 35
SCHI Calmar Ratio Rank: 36
SCHI Martin Ratio Rank: 38

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.

BSCY vs. SCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and Schwab 5-10 Year Corporate Bond ETF (SCHI). 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.

	BSCY	SCHI	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.29	-0.12
Sortino ratio: Return per unit of downside risk	1.74	1.91	-0.17
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.70	1.76	-0.07
Martin ratio: Return relative to average drawdown	5.35	5.66	-0.31

BSCY vs. SCHI - Sharpe Ratio Comparison

The current BSCY Sharpe Ratio is 1.17, which is comparable to the SCHI Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of BSCY and SCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSCY vs. SCHI - Drawdown Comparison

The maximum BSCY drawdown since its inception was -5.44%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for BSCY and SCHI.

Drawdown Indicators

	BSCY	SCHI	Difference
Max Drawdown Largest peak-to-trough decline	-5.44%	-20.67%	+15.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-3.01%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.67%	—
Current Drawdown Current decline from peak	-1.25%	-1.19%	-0.06%
Average Drawdown Average peak-to-trough decline	-1.23%	-5.68%	+4.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.94%	+0.04%

Volatility

BSCY vs. SCHI - Volatility Comparison

Invesco BulletShares 2034 Corporate Bond ETF (BSCY) has a higher volatility of 1.32% compared to Schwab 5-10 Year Corporate Bond ETF (SCHI) at 1.25%. This indicates that BSCY's price experiences larger fluctuations and is considered to be riskier than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCY	SCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.25%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	3.20%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	4.14%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.59%	6.67%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.59%	7.38%	-1.79%

BSCY vs. SCHI - Expense Ratio Comparison

BSCY has a 0.10% expense ratio, which is higher than SCHI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BSCY vs. SCHI - Dividend Comparison

BSCY's dividend yield for the trailing twelve months is around 4.89%, less than SCHI's 5.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSCY Invesco BulletShares 2034 Corporate Bond ETF	4.89%	4.79%	2.43%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.04%	4.99%	5.11%	4.27%	3.10%	1.93%	2.31%	0.53%

Frequently Asked Questions

Can I hold both BSCY and SCHI in my portfolio?

With a correlation of 0.98, BSCY and SCHI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BSCY or SCHI?

BSCY has higher volatility (1.32%) compared to SCHI (1.25%). In terms of maximum drawdown, BSCY dropped -5.44% vs SCHI's -20.67%.

Which ETF is better, BSCY or SCHI?

On 1-year performance, SCHI leads with 5.29% vs 5.25% for BSCY. On fees, SCHI is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCY or SCHI?

Over the 1-year period, SCHI has performed better with a 5.29% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCY or SCHI?

SCHI is cheaper with a 0.03% expense ratio, compared with 0.10% for BSCY.

Which ETF pays a higher dividend yield, BSCY or SCHI?

SCHI has the higher dividend yield at 5.04%, compared with 4.89% for BSCY.

What is the main difference between BSCY and SCHI?

BSCY tracks Nasdaq BulletShares USD Corporate Bond 2034 Index, while SCHI tracks Bloomberg US 5-10 Year Corporate Bond Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.10% for BSCY and 0.03% for SCHI.

Which has better risk-adjusted returns?

SCHI currently has the higher Sharpe Ratio (1.29 vs 1.17), 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.