IBDR vs. BSCZ

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ).

IBDR and BSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDR is a passively managed fund by iShares that tracks the performance of the Barclays December 2026 Maturity Corporate Index. It was launched on Sep 13, 2016. BSCZ is a passively managed fund by Invesco that tracks the performance of the BulletShares® USD Corporate Bond 2035 Index. It was launched on Jun 11, 2025. Both IBDR and BSCZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBDR vs. BSCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ). The values are adjusted to include any dividend payments, if applicable.

IBDR vs. BSCZ - Yearly Performance Comparison

	2026 (YTD)	2025
IBDR iShares iBonds Dec 2026 Term Corporate ETF	0.72%	2.78%
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	-0.38%	5.67%

Returns By Period

In the year-to-date period, IBDR achieves a 0.72% return, which is significantly higher than BSCZ's -0.38% return.

IBDR

• 1D: 0.04%
• 1M: 0.21%
• YTD: 0.72%
• 6M: 1.84%
• 1Y: 4.40%
• 3Y*: 4.81%
• 5Y*: 1.63%
• 10Y*: —

BSCZ

• 1D: 0.66%
• 1M: -2.01%
• YTD: -0.38%
• 6M: 0.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBDR vs. BSCZ - Expense Ratio Comparison

Both IBDR and BSCZ 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%.

IBDR

iShares iBonds Dec 2026 Term Corporate ETF

BSCZ

Invesco BulletShares 2035 Corporate Bond ETF

Return for Risk

IBDR vs. BSCZ — Risk / Return Rank

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

IBDR

IBDR Risk / Return Rank: 99
IBDR Sharpe Ratio Rank: 99
IBDR Sortino Ratio Rank: 99
IBDR Omega Ratio Rank: 99
IBDR Calmar Ratio Rank: 99
IBDR 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.

IBDR vs. BSCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ). 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.

	IBDR	BSCZ	Difference
Sharpe ratio Return per unit of total volatility	5.39	—	—
Sortino ratio Return per unit of downside risk	9.54	—	—
Omega ratio Gain probability vs. loss probability	2.66	—	—
Calmar ratio Return relative to maximum drawdown	11.93	—	—
Martin ratio Return relative to average drawdown	82.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBDR	BSCZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.34	-0.74

Correlation

The correlation between IBDR and BSCZ is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBDR vs. BSCZ - Dividend Comparison

IBDR's dividend yield for the trailing twelve months is around 4.18%, more than BSCZ's 3.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IBDR iShares iBonds Dec 2026 Term Corporate ETF	4.18%	4.20%	4.13%	3.41%	2.44%	2.11%	2.61%	3.25%	3.56%	3.22%	0.86%
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	3.25%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IBDR vs. BSCZ - Drawdown Comparison

The maximum IBDR drawdown since its inception was -16.06%, which is greater than BSCZ's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for IBDR and BSCZ.

Drawdown Indicators

	IBDR	BSCZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.06%	-3.28%	-12.78%
Max Drawdown (1Y) Largest decline over 1 year	-0.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.13%	—	—
Current Drawdown Current decline from peak	0.00%	-2.01%	+2.01%
Average Drawdown Average peak-to-trough decline	-2.89%	-0.58%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	IBDR	BSCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.82%	4.98%	-4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.43%	4.98%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.91%	4.98%	-0.07%