FLDR vs. BSCQ
FLDR (Fidelity Low Duration Bond Factor ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both Corporate Bonds funds - FLDR tracks the Fidelity Low Duration Investment Grade Factor Index while BSCQ tracks the NASDAQ BulletShares USD Corporate Bond 2026 Index. Both are passively managed. Over the past 5 years, FLDR returned 3.70%/yr vs 1.47%/yr for BSCQ. At a 0.39 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.10%/yr for BSCQ.
Performance
FLDR vs. BSCQ - Performance Comparison
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Returns By Period
In the year-to-date period, FLDR achieves a 1.44% return, which is significantly lower than BSCQ's 1.55% return.
FLDR
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 1.44%
- 6M
- 1.76%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
BSCQ
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 1.55%
- 6M
- 1.92%
- 1Y
- 4.41%
- 3Y*
- 5.06%
- 5Y*
- 1.47%
- 10Y*
- —
FLDR vs. BSCQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.44% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.94% |
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.55% | 5.02% | 4.86% | 5.71% | -8.31% | -1.68% | 9.41% | 13.94% | 1.29% |
Correlation
The correlation between FLDR and BSCQ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2018 | 0.39 |
Over the past year, the correlation between FLDR and BSCQ has dropped to 0.12 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
FLDR vs. BSCQ — Risk / Return Rank
FLDR
BSCQ
FLDR vs. BSCQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) 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.
| FLDR | BSCQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -5.17 | ||
| Omega ratioGain probability vs. loss probability | 2.75 | 3.45 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | 10.24 | 43.24 | -33.00 |
| Martin ratioReturn relative to average drawdown | 70.25 | 179.65 | -109.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLDR | BSCQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.95 | 7.06 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.07 | 0.45 | +2.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.60 | +0.01 |
Drawdowns
FLDR vs. BSCQ - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for FLDR and BSCQ.
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Drawdown Indicators
| FLDR | BSCQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -16.50% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.10% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -1.13% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -13.02% | +10.69% |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -2.85% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.02% | +0.05% |
Volatility
FLDR vs. BSCQ - Volatility Comparison
Fidelity Low Duration Bond Factor ETF (FLDR) has a higher volatility of 0.19% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.17%. This indicates that FLDR's price experiences larger fluctuations and is considered to be riskier than BSCQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLDR | BSCQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 0.17% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.58% | 0.43% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 0.63% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 3.30% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 4.77% | +0.49% |
FLDR vs. BSCQ - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is higher than BSCQ'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
FLDR vs. BSCQ - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.43%, more than BSCQ's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 4.12% | 4.14% | 4.05% | 3.53% | 2.54% | 1.91% | 2.42% | 2.96% | 3.32% | 2.92% | 0.51% |
FLDR Fidelity Low Duration Bond Factor ETF | 4.43% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% |
Frequently Asked Questions
FLDR and BSCQ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLDR has higher volatility (0.19%) compared to BSCQ (0.17%). In terms of maximum drawdown, FLDR dropped -12.23% vs BSCQ's -16.50%.
On 5-year performance, FLDR leads with 3.70% vs 1.47% for BSCQ. On fees, BSCQ is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.70% return vs 1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCQ is cheaper with a 0.10% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.43%, compared with 4.12% for BSCQ.
FLDR tracks Fidelity Low Duration Investment Grade Factor Index, while BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.15% for FLDR and 0.10% for BSCQ.
BSCQ currently has the higher Sharpe Ratio (7.06 vs 5.95), 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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