BSCZ vs. OVT

Last updated Jun 3, 2026

BSCZ (Invesco BulletShares 2035 Corporate Bond ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. BSCZ is passively managed, while OVT is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. BSCZ charges 0.10%/yr vs 0.80%/yr for OVT.

Performance

BSCZ vs. OVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Overlay Shares Short Term Bond ETF (OVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCZ achieves a 0.43% return, which is significantly lower than OVT's 2.77% return.

BSCZ

• 1D: 0.05%
• 1M: 0.33%
• YTD: 0.43%
• 6M: 0.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OVT

• 1D: -0.00%
• 1M: 0.40%
• YTD: 2.77%
• 6M: 3.48%
• 1Y: 9.16%
• 3Y*: 7.50%
• 5Y*: 3.07%
• 10Y*: —

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

BSCZ vs. OVT - Yearly Performance Comparison

	2026 (YTD)	2025
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	0.43%	5.67%
OVT Overlay Shares Short Term Bond ETF	2.77%	6.01%

Correlation

The correlation between BSCZ and OVT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.66

BSCZ vs. OVT - Sectors Allocation Comparison

Sectors	BSCZ	OVT
Healthcare	12.1%	8.5%
Communication Services	10.8%	11.2%
Technology	10.5%	35.6%
Financial Services	9.8%	11.8%
Energy	8.9%	3.5%
Consumer Cyclical	7.4%	10.1%
Industrials	7.3%	8.3%
Utilities	5.0%	2.4%
Consumer Defensive	4.6%	4.9%
Real Estate	3.5%	1.9%
Basic Materials	1.7%	1.8%

Return for Risk

BSCZ vs. OVT — Risk / Return Rank

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

OVT

OVT Risk / Return Rank: 87
OVT Sharpe Ratio Rank: 81
OVT Sortino Ratio Rank: 86
OVT Omega Ratio Rank: 86
OVT Calmar Ratio Rank: 91
OVT Martin Ratio Rank: 89

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. OVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Overlay Shares Short Term Bond ETF (OVT). 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	OVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.69	+0.58

Drawdowns

BSCZ vs. OVT - Drawdown Comparison

The maximum BSCZ drawdown since its inception was -3.28%, smaller than the maximum OVT drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for BSCZ and OVT.

Drawdown Indicators

	BSCZ	OVT	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-13.59%	+10.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.59%	—
Current Drawdown Current decline from peak	-1.22%	-0.25%	-0.97%
Average Drawdown Average peak-to-trough decline	-0.74%	-3.39%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.45%	—

Volatility

Volatility by Period

	BSCZ	OVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.99%	3.44%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.99%	4.63%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.99%	4.54%	+0.45%

BSCZ vs. OVT - Expense Ratio Comparison

BSCZ has a 0.10% expense ratio, which is lower than OVT's 0.80% expense ratio.

Dividends

BSCZ vs. OVT - Dividend Comparison

BSCZ's dividend yield for the trailing twelve months is around 4.08%, less than OVT's 8.16% yield.

Position	TTM	2025	2024	2023	2022	2021
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	4.08%	2.18%	0.00%	0.00%	0.00%	0.00%
OVT Overlay Shares Short Term Bond ETF	8.16%	7.21%	6.15%	5.11%	4.12%	4.41%

Frequently Asked Questions

Can I hold both BSCZ and OVT in my portfolio?

BSCZ and OVT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSCZ or OVT?

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 OVT?

BSCZ is cheaper with a 0.10% expense ratio, compared with 0.80% for OVT.

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

OVT has the higher dividend yield at 8.16%, compared with 4.08% for BSCZ.

What is the main difference between BSCZ and OVT?

They also come from different issuers: Invesco and Liquid Strategies. Their fees differ too: 0.10% for BSCZ and 0.80% for OVT.