BSCY vs. USIG
BSCY (Invesco BulletShares 2034 Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - BSCY tracks the Nasdaq BulletShares USD Corporate Bond 2034 Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past year, BSCY returned 6.52% vs 6.04% for USIG. With a 0.97 correlation, they move nearly in lockstep. BSCY charges 0.10%/yr vs 0.04%/yr for USIG.
Performance
BSCY vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, BSCY achieves a 0.25% return, which is significantly lower than USIG's 0.56% return.
BSCY
- 1D
- -0.27%
- 1M
- 0.33%
- YTD
- 0.25%
- 6M
- 0.11%
- 1Y
- 6.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
BSCY vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSCY Invesco BulletShares 2034 Corporate Bond ETF | 0.25% | 9.18% | 2.41% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.32% |
Correlation
The correlation between BSCY and USIG 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 13, 2024 | 0.97 |
The correlation between BSCY and USIG has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
BSCY vs. USIG — Risk / Return Rank
BSCY
USIG
BSCY vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| BSCY | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.17 | -0.07 |
| Martin ratioReturn relative to average drawdown | 6.97 | 7.07 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSCY | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.47 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.54 | +0.53 |
Drawdowns
BSCY vs. USIG - Drawdown Comparison
The maximum BSCY drawdown since its inception was -5.44%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for BSCY and USIG.
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Drawdown Indicators
| BSCY | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -22.21% | +16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.79% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.97% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -3.42% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.86% | +0.08% |
Volatility
BSCY vs. USIG - Volatility Comparison
Invesco BulletShares 2034 Corporate Bond ETF (BSCY) has a higher volatility of 1.49% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.27%. This indicates that BSCY's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCY | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.27% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.04% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 4.13% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 6.82% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 6.82% | -1.21% |
BSCY vs. USIG - Expense Ratio Comparison
BSCY has a 0.10% expense ratio, which is higher than USIG's 0.04% 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. USIG - Dividend Comparison
BSCY's dividend yield for the trailing twelve months is around 4.87%, more than USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCY Invesco BulletShares 2034 Corporate Bond ETF | 4.87% | 4.79% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.98, BSCY and USIG 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.
BSCY has higher volatility (1.49%) compared to USIG (1.27%). In terms of maximum drawdown, BSCY dropped -5.44% vs USIG's -22.21%.
On 1-year performance, BSCY leads with 6.52% vs 6.04% for USIG. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BSCY has performed better with a 6.52% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.10% for BSCY.
BSCY has the higher dividend yield at 4.87%, compared with 4.74% for USIG.
BSCY tracks Nasdaq BulletShares USD Corporate Bond 2034 Index, while USIG tracks ICE BofA US Corporate. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCY and 0.04% for USIG.
USIG currently has the higher Sharpe Ratio (1.47 vs 1.44), 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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