FEIG vs. BSCR

Last updated Jun 3, 2026

FEIG (FlexShares ESG & Climate Investment Grade Corporate Core Index Fund) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - FEIG tracks the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 3 years, FEIG returned 5.02%/yr vs 5.18%/yr for BSCR. Their correlation of 0.83 suggests significant overlap in exposure. FEIG charges 0.12%/yr vs 0.10%/yr for BSCR.

Performance

FEIG vs. BSCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) and Invesco BulletShares 2027 Corporate Bond ETF (BSCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEIG achieves a 0.70% return, which is significantly lower than BSCR's 1.27% return.

FEIG

• 1D: 0.07%
• 1M: 0.56%
• YTD: 0.70%
• 6M: 0.72%
• 1Y: 6.02%
• 3Y*: 5.02%
• 5Y*: —
• 10Y*: —

BSCR

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.27%
• 6M: 1.74%
• 1Y: 4.56%
• 3Y*: 5.18%
• 5Y*: 1.47%
• 10Y*: —

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

FEIG vs. BSCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund	0.70%	7.31%	1.75%	8.57%	-15.91%	-1.46%
BSCR Invesco BulletShares 2027 Corporate Bond ETF	1.27%	5.77%	4.52%	6.41%	-9.56%	-1.46%

Correlation

The correlation between FEIG and BSCR is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.83

Over the past year, the correlation between FEIG and BSCR has dropped to 0.57 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

FEIG vs. BSCR — Risk / Return Rank

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

FEIG

FEIG Risk / Return Rank: 39
FEIG Sharpe Ratio Rank: 37
FEIG Sortino Ratio Rank: 39
FEIG Omega Ratio Rank: 36
FEIG Calmar Ratio Rank: 42
FEIG Martin Ratio Rank: 39

BSCR

BSCR Risk / Return Rank: 97
BSCR Sharpe Ratio Rank: 96
BSCR Sortino Ratio Rank: 98
BSCR Omega Ratio Rank: 98
BSCR Calmar Ratio Rank: 97
BSCR Martin Ratio Rank: 97

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.

FEIG vs. BSCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) 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.

	FEIG	BSCR	Difference
Sharpe ratio Return per unit of total volatility	1.38	4.26	-2.88
Sortino ratio Return per unit of downside risk	2.03	7.98	-5.95
Omega ratio Gain probability vs. loss probability	1.24	2.11	-0.87
Calmar ratio Return relative to maximum drawdown	2.10	11.03	-8.94
Martin ratio Return relative to average drawdown	6.41	46.87	-40.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEIG vs. BSCR - Sharpe Ratio Comparison

The current FEIG Sharpe Ratio is 1.38, which is lower than the BSCR Sharpe Ratio of 4.26. The chart below compares the historical Sharpe Ratios of FEIG and BSCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEIG	BSCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	4.26	-2.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.59	-0.62

Drawdowns

FEIG vs. BSCR - Drawdown Comparison

The maximum FEIG drawdown since its inception was -22.26%, which is greater than BSCR's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for FEIG and BSCR.

Drawdown Indicators

	FEIG	BSCR	Difference
Max Drawdown Largest peak-to-trough decline	-22.26%	-17.26%	-5.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-0.42%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-6.67%	-2.41%	-4.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.87%	—
Current Drawdown Current decline from peak	-1.34%	0.00%	-1.34%
Average Drawdown Average peak-to-trough decline	-9.52%	-3.35%	-6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.10%	+0.82%

Volatility

FEIG vs. BSCR - Volatility Comparison

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) has a higher volatility of 1.52% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.19%. This indicates that FEIG'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.

Volatility by Period

	FEIG	BSCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	0.19%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	0.59%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	1.08%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.40%	4.09%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.40%	5.35%	+2.05%

FEIG vs. BSCR - Expense Ratio Comparison

FEIG has a 0.12% expense ratio, which is higher than BSCR's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FEIG vs. BSCR - Dividend Comparison

FEIG's dividend yield for the trailing twelve months is around 4.74%, more than BSCR's 4.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSCR Invesco BulletShares 2027 Corporate Bond ETF	4.29%	4.26%	4.27%	3.74%	2.65%	2.12%	2.46%	3.11%	3.35%	0.78%
FEIG FlexShares ESG & Climate Investment Grade Corporate Core Index Fund	4.74%	4.84%	4.65%	4.21%	2.99%	0.55%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEIG and BSCR in my portfolio?

FEIG and BSCR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEIG or BSCR?

FEIG has higher volatility (1.52%) compared to BSCR (0.19%). In terms of maximum drawdown, FEIG dropped -22.26% vs BSCR's -17.26%.

Which ETF is better, FEIG or BSCR?

On 3-year performance, BSCR leads with 5.18% vs 5.02% for FEIG. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEIG or BSCR?

Over the 3-year period, BSCR has performed better with a 5.18% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEIG or BSCR?

BSCR is cheaper with a 0.10% expense ratio, compared with 0.12% for FEIG.

Which ETF pays a higher dividend yield, FEIG or BSCR?

FEIG has the higher dividend yield at 4.74%, compared with 4.29% for BSCR.

What is the main difference between FEIG and BSCR?

FEIG tracks Northern Trust ESG & Climate Investment Grade U.S. Corporate Core TR, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: FlexShares and Invesco. Their fees differ too: 0.12% for FEIG and 0.10% for BSCR.

Which has better risk-adjusted returns?

BSCR currently has the higher Sharpe Ratio (4.25 vs 1.38), 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.