ETCO vs. BSCQ

Last updated Jun 23, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both exchange-traded funds - ETCO is a Cryptocurrency fund actively managed by Grayscale, while BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index. ETCO is actively managed, while BSCQ is passively managed. At a correlation of -0.07, they often move in opposite directions. ETCO charges 0.66%/yr vs 0.10%/yr for BSCQ.

Performance

ETCO vs. BSCQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Covered Call ETF (ETCO) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETCO achieves a -34.76% return, which is significantly lower than BSCQ's 1.68% return.

ETCO

• 1D: 2.50%
• 1M: -13.58%
• YTD: -34.76%
• 6M: -33.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSCQ

• 1D: -0.03%
• 1M: 0.25%
• YTD: 1.68%
• 6M: 1.81%
• 1Y: 4.25%
• 3Y*: 5.17%
• 5Y*: 1.53%
• 10Y*: —

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

ETCO vs. BSCQ - Yearly Performance Comparison

	2026 (YTD)	2025
ETCO Grayscale Ethereum Covered Call ETF	-34.76%	-26.08%
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	1.68%	1.49%

Correlation

The correlation between ETCO and BSCQ is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025	-0.07

Return for Risk

ETCO vs. BSCQ — Risk / Return Rank

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

ETCO

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

BSCQ

BSCQ Risk / Return Rank: 99
BSCQ Sharpe Ratio Rank: 99
BSCQ Sortino Ratio Rank: 99
BSCQ Omega Ratio Rank: 99
BSCQ Calmar Ratio Rank: 99
BSCQ Martin Ratio Rank: 99

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.

ETCO vs. BSCQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ). 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.

	ETCO	BSCQ	Difference
Sharpe ratio: Return per unit of total volatility	—	7.04	—
Sortino ratio: Return per unit of downside risk	—	15.58	—
Omega ratio: Gain probability vs. loss probability	—	3.43	—
Calmar ratio: Return relative to maximum drawdown	—	41.77	—
Martin ratio: Return relative to average drawdown	—	181.80	—

Drawdowns

ETCO vs. BSCQ - Drawdown Comparison

The maximum ETCO drawdown since its inception was -59.30%, which is greater than BSCQ's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for ETCO and BSCQ.

Drawdown Indicators

	ETCO	BSCQ	Difference
Max Drawdown Largest peak-to-trough decline	-59.30%	-16.50%	-42.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.02%	—
Current Drawdown Current decline from peak	-55.27%	-0.03%	-55.24%
Average Drawdown Average peak-to-trough decline	-35.61%	-2.84%	-32.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	ETCO	BSCQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	53.01%	0.61%	+52.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.01%	3.29%	+49.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.01%	4.75%	+48.26%

ETCO vs. BSCQ - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is higher than BSCQ's 0.10% expense ratio.

Dividends

ETCO vs. BSCQ - Dividend Comparison

ETCO's dividend yield for the trailing twelve months is around 136.04%, more than BSCQ's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	4.46%	4.14%	4.05%	3.53%	2.54%	1.91%	2.42%	2.96%	3.32%	2.92%	0.51%
ETCO Grayscale Ethereum Covered Call ETF	136.04%	42.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETCO and BSCQ in my portfolio?

ETCO and BSCQ have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETCO or BSCQ?

On fees, BSCQ 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, ETCO or BSCQ?

BSCQ is cheaper with a 0.10% expense ratio, compared with 0.66% for ETCO.

Which ETF pays a higher dividend yield, ETCO or BSCQ?

ETCO has the higher dividend yield at 136.04%, compared with 4.46% for BSCQ.

What is the main difference between ETCO and BSCQ?

ETCO is categorized as Cryptocurrency, while BSCQ is Corporate Bonds. They also come from different issuers: Grayscale and Invesco. Their fees differ too: 0.66% for ETCO and 0.10% for BSCQ.