BSCY vs. USCI

Last updated Jun 26, 2026

BSCY (Invesco BulletShares 2034 Corporate Bond ETF) and USCI (United States Commodity Index Fund) are both exchange-traded funds - BSCY is a Corporate Bonds fund tracking the Nasdaq BulletShares USD Corporate Bond 2034 Index, while USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR). Both are passively managed. Over the past year, BSCY returned 5.53% vs 27.31% for USCI. At a correlation of -0.10, they often move in opposite directions. BSCY charges 0.10%/yr vs 1.03%/yr for USCI.

Performance

BSCY vs. USCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and United States Commodity Index Fund (USCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCY achieves a 0.90% return, which is significantly lower than USCI's 19.39% return.

BSCY

• 1D: 0.12%
• 1M: 0.79%
• YTD: 0.90%
• 6M: 0.71%
• 1Y: 5.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCI

• 1D: 1.60%
• 1M: -6.12%
• YTD: 19.39%
• 6M: 17.45%
• 1Y: 27.31%
• 3Y*: 19.78%
• 5Y*: 18.55%
• 10Y*: 8.14%

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

BSCY vs. USCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BSCY Invesco BulletShares 2034 Corporate Bond ETF	0.90%	9.18%	2.41%
USCI United States Commodity Index Fund	19.39%	17.63%	6.69%

Correlation

The correlation between BSCY and USCI is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024	-0.10

The correlation between BSCY and USCI shifts across timeframes, from -0.25 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BSCY vs. USCI — Risk / Return Rank

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

BSCY

BSCY Risk / Return Rank: 37
BSCY Sharpe Ratio Rank: 37
BSCY Sortino Ratio Rank: 37
BSCY Omega Ratio Rank: 34
BSCY Calmar Ratio Rank: 38
BSCY Martin Ratio Rank: 39

USCI

USCI Risk / Return Rank: 55
USCI Sharpe Ratio Rank: 56
USCI Sortino Ratio Rank: 52
USCI Omega Ratio Rank: 51
USCI Calmar Ratio Rank: 57
USCI Martin Ratio Rank: 58

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. USCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and United States Commodity Index Fund (USCI). 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	USCI	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.65	-0.42
Sortino ratio: Return per unit of downside risk	1.82	2.23	-0.40
Omega ratio: Gain probability vs. loss probability	1.21	1.28	-0.07
Calmar ratio: Return relative to maximum drawdown	1.78	2.45	-0.67
Martin ratio: Return relative to average drawdown	5.61	8.98	-3.37

BSCY vs. USCI - Sharpe Ratio Comparison

The current BSCY Sharpe Ratio is 1.23, which is comparable to the USCI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of BSCY and USCI, 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. USCI - Drawdown Comparison

The maximum BSCY drawdown since its inception was -5.44%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for BSCY and USCI.

Drawdown Indicators

	BSCY	USCI	Difference
Max Drawdown Largest peak-to-trough decline	-5.44%	-66.41%	+60.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-11.19%	+8.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.82%	—
Current Drawdown Current decline from peak	-0.70%	-9.77%	+9.07%
Average Drawdown Average peak-to-trough decline	-1.23%	-29.42%	+28.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	3.05%	-2.06%

Volatility

BSCY vs. USCI - Volatility Comparison

The current volatility for Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is 1.34%, while United States Commodity Index Fund (USCI) has a volatility of 3.83%. This indicates that BSCY experiences smaller price fluctuations and is considered to be less risky than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCY	USCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	3.83%	-2.49%
Volatility (6M) Calculated over the trailing 6-month period	3.42%	14.14%	-10.72%
Volatility (1Y) Calculated over the trailing 1-year period	4.52%	16.64%	-12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.59%	18.37%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.59%	15.85%	-10.26%

BSCY vs. USCI - Expense Ratio Comparison

BSCY has a 0.10% expense ratio, which is lower than USCI's 1.03% expense ratio.

Dividends

BSCY vs. USCI - Dividend Comparison

BSCY's dividend yield for the trailing twelve months is around 4.86%, while USCI has not paid dividends to shareholders.

Position	TTM	2025	2024
BSCY Invesco BulletShares 2034 Corporate Bond ETF	4.86%	4.79%	2.43%
USCI United States Commodity Index Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSCY and USCI in my portfolio?

BSCY and USCI have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCY or USCI?

USCI has higher volatility (3.83%) compared to BSCY (1.34%). In terms of maximum drawdown, BSCY dropped -5.44% vs USCI's -66.41%.

Which ETF is better, BSCY or USCI?

On 1-year performance, USCI leads with 27.31% vs 5.53% for BSCY. On fees, BSCY is cheaper at 0.10% per year. On volatility, BSCY has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCY or USCI?

Over the 1-year period, USCI has performed better with a 27.31% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCY or USCI?

BSCY is cheaper with a 0.10% expense ratio, compared with 1.03% for USCI.

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

BSCY has the higher dividend yield at 4.86%, compared with 0.00% for USCI.

What is the main difference between BSCY and USCI?

BSCY is categorized as Corporate Bonds, while USCI is Commodities. BSCY tracks Nasdaq BulletShares USD Corporate Bond 2034 Index, while USCI tracks SummerHaven Dynamic Commodity (TR). They also come from different issuers: Invesco and Concierge Technologies. Their fees differ too: 0.10% for BSCY and 1.03% for USCI.

Which has better risk-adjusted returns?

USCI currently has the higher Sharpe Ratio (1.65 vs 1.23), 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.