CEMB vs. BSCR
CEMB (iShares J.P. Morgan EM Corporate Bond ETF) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - CEMB tracks the JP Morgan CEMBI Broad Diversified while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, CEMB returned 1.84%/yr vs 1.36%/yr for BSCR. A 0.53 correlation means they provide meaningful diversification when combined. CEMB charges 0.50%/yr vs 0.10%/yr for BSCR.
Performance
CEMB vs. BSCR - Performance Comparison
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Returns By Period
In the year-to-date period, CEMB achieves a 1.48% return, which is significantly lower than BSCR's 1.63% return.
CEMB
- 1D
- 0.13%
- 1M
- -0.06%
- 6M
- 1.41%
- YTD
- 1.48%
- 1Y
- 5.74%
- 3Y*
- 6.96%
- 5Y*
- 1.84%
- 10Y*
- 3.34%
BSCR
- 1D
- 0.05%
- 1M
- 0.30%
- 6M
- 1.57%
- YTD
- 1.63%
- 1Y
- 4.33%
- 3Y*
- 5.31%
- 5Y*
- 1.36%
- 10Y*
- —
CEMB vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.48% | 8.86% | 5.81% | 8.37% | -12.58% | -0.59% | 6.77% | 13.90% | -2.57% | 0.24% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.63% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
Correlation
The correlation between CEMB and BSCR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.53 |
The correlation between CEMB and BSCR shifts across timeframes, from 0.48 (1 year) to 0.67 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CEMB vs. BSCR — Risk / Return Rank
CEMB
BSCR
CEMB vs. BSCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM Corporate Bond ETF (CEMB) and Invesco BulletShares 2027 Corporate Bond ETF (BSCR). 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.
| CEMB | BSCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 2.16 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 10.40 | -8.40 |
| Martin ratioReturn relative to average drawdown | 8.59 | 45.96 | -37.37 |
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Drawdowns
CEMB vs. BSCR - Drawdown Comparison
The maximum CEMB drawdown since its inception was -20.84%, which is greater than BSCR's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for CEMB and BSCR.
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Drawdown Indicators
| CEMB | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.84% | -17.26% | -3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.42% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -2.27% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -14.87% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -20.84% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -3.30% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.09% | +0.58% |
Volatility
CEMB vs. BSCR - Volatility Comparison
iShares J.P. Morgan EM Corporate Bond ETF (CEMB) has a higher volatility of 0.85% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.20%. This indicates that CEMB's price experiences larger fluctuations and is considered to be riskier than BSCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEMB | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.20% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 0.60% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 1.01% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 4.07% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 5.32% | +0.96% |
CEMB vs. BSCR - Expense Ratio Comparison
CEMB has a 0.50% expense ratio, which is higher than BSCR's 0.10% expense ratio.
Dividends
CEMB vs. BSCR - Dividend Comparison
CEMB's dividend yield for the trailing twelve months is around 5.21%, more than BSCR's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.28% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 0.00% | 0.00% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.21% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
Frequently Asked Questions
CEMB and BSCR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEMB has higher volatility (0.85%) compared to BSCR (0.20%). In terms of maximum drawdown, CEMB dropped -20.84% vs BSCR's -17.26%.
On 5-year performance, CEMB leads with 1.84% vs 1.36% for BSCR. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CEMB has performed better with a 1.84% return vs 1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.50% for CEMB.
CEMB has the higher dividend yield at 5.21%, compared with 4.28% for BSCR.
CEMB tracks JP Morgan CEMBI Broad Diversified, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for CEMB and 0.10% for BSCR.
BSCR currently has the higher Sharpe Ratio (4.31 vs 1.86), 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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