BSCZ vs. OVT

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Overlay Shares Short Term Bond ETF (OVT).

BSCZ and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCZ is a passively managed fund by Invesco that tracks the performance of the BulletShares® USD Corporate Bond 2035 Index. It was launched on Jun 11, 2025. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.

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.

BSCZ vs. OVT - Yearly Performance Comparison

	2026 (YTD)	2025
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	-0.38%	5.67%
OVT Overlay Shares Short Term Bond ETF	1.21%	6.01%

Returns By Period

In the year-to-date period, BSCZ achieves a -0.38% return, which is significantly lower than OVT's 1.21% return.

BSCZ

• 1D: 0.66%
• 1M: -2.01%
• YTD: -0.38%
• 6M: 0.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OVT

• 1D: 0.59%
• 1M: -0.82%
• YTD: 1.21%
• 6M: 3.29%
• 1Y: 8.33%
• 3Y*: 7.22%
• 5Y*: 3.05%
• 10Y*: —

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

BSCZ vs. OVT - Expense Ratio Comparison

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

OVT

Overlay Shares Short Term Bond ETF

BSCZ

Invesco BulletShares 2035 Corporate Bond ETF

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: 94
OVT Sharpe Ratio Rank: 92
OVT Sortino Ratio Rank: 95
OVT Omega Ratio Rank: 93
OVT Calmar Ratio Rank: 96
OVT Martin Ratio Rank: 95

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	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.64	+0.70

Correlation

The correlation between BSCZ and OVT is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BSCZ vs. OVT - Dividend Comparison

BSCZ's dividend yield for the trailing twelve months is around 3.25%, less than OVT's 8.80% yield.

	TTM	2025	2024	2023	2022	2021
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	3.25%	2.18%	0.00%	0.00%	0.00%	0.00%
OVT Overlay Shares Short Term Bond ETF	8.80%	7.21%	6.15%	5.11%	4.12%	4.41%

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	—	-1.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.59%	—
Current Drawdown Current decline from peak	-2.01%	-0.82%	-1.19%
Average Drawdown Average peak-to-trough decline	-0.58%	-3.50%	+2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	BSCZ	OVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.98%	3.99%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.98%	4.63%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	4.59%	+0.39%