IBDO vs. BSCN
Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and Invesco BulletShares 2023 Corporate Bond ETF (BSCN).
IBDO and BSCN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDO is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2023 Maturity Corporate Index. It was launched on Mar 12, 2015. BSCN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2023 TR Index. It was launched on Sep 17, 2014. Both IBDO and BSCN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBDO or BSCN.
Key characteristics
| IBDO | BSCN |
|---|
Correlation
The correlation between IBDO and BSCN is 0.52, 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.
Performance
IBDO vs. BSCN - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBDO vs. BSCN - Expense Ratio Comparison
Both IBDO and BSCN have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IBDO vs. BSCN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and Invesco BulletShares 2023 Corporate Bond ETF (BSCN). 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.
Dividends
IBDO vs. BSCN - Dividend Comparison
Neither IBDO nor BSCN has paid dividends to shareholders.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 2.60% | 1.85% | 1.80% | 2.47% | 3.01% | 3.10% | 2.91% | 3.01% | 2.39% | 0.00% |
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 2.87% | 1.51% | 1.56% | 2.36% | 2.92% | 2.88% | 2.67% | 2.88% | 2.88% | 0.72% |
Drawdowns
IBDO vs. BSCN - Drawdown Comparison
Volatility
IBDO vs. BSCN - Volatility Comparison
The current volatility for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) is 0.16%, while Invesco BulletShares 2023 Corporate Bond ETF (BSCN) has a volatility of 0.51%. This indicates that IBDO experiences smaller price fluctuations and is considered to be less risky than BSCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.