BSCZ vs. MILK

Last updated Jun 4, 2026

BSCZ (Invesco BulletShares 2035 Corporate Bond ETF) and MILK (Pacer US Cash Cows Bond ETF) are both Corporate Bonds funds - BSCZ tracks the BulletShares® USD Corporate Bond 2035 Index while MILK tracks the Solactive Pacer US Cash Cows Bond Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. BSCZ charges 0.10%/yr vs 0.49%/yr for MILK.

Performance

BSCZ vs. MILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Pacer US Cash Cows Bond ETF (MILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCZ achieves a 0.18% return, which is significantly lower than MILK's 2.18% return.

BSCZ

• 1D: -0.24%
• 1M: 0.42%
• YTD: 0.18%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MILK

• 1D: -0.24%
• 1M: 1.10%
• YTD: 2.18%
• 6M: 1.55%
• 1Y: 9.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSCZ vs. MILK - Yearly Performance Comparison

	2026 (YTD)	2025
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	0.18%	5.67%
MILK Pacer US Cash Cows Bond ETF	2.18%	5.73%

Correlation

The correlation between BSCZ and MILK is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.94

Return for Risk

BSCZ vs. MILK — Risk / Return Rank

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

MILK

MILK Risk / Return Rank: 52
MILK Sharpe Ratio Rank: 53
MILK Sortino Ratio Rank: 55
MILK Omega Ratio Rank: 51
MILK Calmar Ratio Rank: 50
MILK Martin Ratio Rank: 53

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.

BSCZ vs. MILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Pacer US Cash Cows Bond ETF (MILK). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSCZ	MILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.97	+0.24

Drawdowns

BSCZ vs. MILK - Drawdown Comparison

The maximum BSCZ drawdown since its inception was -3.28%, smaller than the maximum MILK drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for BSCZ and MILK.

Drawdown Indicators

	BSCZ	MILK	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-6.16%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.75%	—
Current Drawdown Current decline from peak	-1.46%	-0.24%	-1.22%
Average Drawdown Average peak-to-trough decline	-0.75%	-1.09%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	BSCZ	MILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.98%	5.21%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.98%	6.69%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	6.69%	-1.71%

BSCZ vs. MILK - Expense Ratio Comparison

BSCZ has a 0.10% expense ratio, which is lower than MILK's 0.49% expense ratio.

Dividends

BSCZ vs. MILK - Dividend Comparison

BSCZ's dividend yield for the trailing twelve months is around 4.09%, less than MILK's 7.04% yield.

Position	TTM	2025
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	4.09%	2.18%
MILK Pacer US Cash Cows Bond ETF	7.04%	6.97%

Frequently Asked Questions

Can I hold both BSCZ and MILK in my portfolio?

With a correlation of 0.94, BSCZ and MILK 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 ETF is better, BSCZ or MILK?

On fees, BSCZ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSCZ or MILK?

BSCZ is cheaper with a 0.10% expense ratio, compared with 0.49% for MILK.

Which ETF pays a higher dividend yield, BSCZ or MILK?

MILK has the higher dividend yield at 7.04%, compared with 4.09% for BSCZ.

What is the main difference between BSCZ and MILK?

BSCZ tracks BulletShares® USD Corporate Bond 2035 Index, while MILK tracks Solactive Pacer US Cash Cows Bond Index. They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.10% for BSCZ and 0.49% for MILK.