IBDT vs. BSCT
Compare and contrast key facts about iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and Invesco BulletShares 2029 Corporate Bond ETF (BSCT).
IBDT and BSCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDT is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2028 Maturity Corporate Index. It was launched on Sep 18, 2018. BSCT is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2029 Index. It was launched on Sep 12, 2019. Both IBDT and BSCT 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: IBDT or BSCT.
Key characteristics
| IBDT | BSCT | |
|---|---|---|
| YTD Return | 3.50% | 2.95% |
| 1Y Return | 8.22% | 8.58% |
| 3Y Return (Ann) | -0.30% | -0.71% |
| 5Y Return (Ann) | 1.39% | 1.29% |
| Sharpe Ratio | 2.08 | 1.85 |
| Sortino Ratio | 3.13 | 2.80 |
| Omega Ratio | 1.40 | 1.34 |
| Calmar Ratio | 0.73 | 0.67 |
| Martin Ratio | 9.67 | 8.10 |
| Ulcer Index | 0.81% | 1.01% |
| Daily Std Dev | 3.75% | 4.44% |
| Max Drawdown | -17.79% | -19.16% |
| Current Drawdown | -3.37% | -4.72% |
Correlation
The correlation between IBDT and BSCT is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBDT vs. BSCT - Performance Comparison
In the year-to-date period, IBDT achieves a 3.50% return, which is significantly higher than BSCT's 2.95% return. 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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IBDT vs. BSCT - Expense Ratio Comparison
Both IBDT and BSCT 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
IBDT vs. BSCT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and Invesco BulletShares 2029 Corporate Bond ETF (BSCT). 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
IBDT vs. BSCT - Dividend Comparison
IBDT's dividend yield for the trailing twelve months is around 4.62%, more than BSCT's 4.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.62% | 4.10% | 3.24% | 2.45% | 2.80% | 3.33% | 1.48% |
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 4.45% | 3.88% | 2.66% | 1.94% | 2.23% | 0.86% | 0.00% |
Drawdowns
IBDT vs. BSCT - Drawdown Comparison
The maximum IBDT drawdown since its inception was -17.79%, smaller than the maximum BSCT drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for IBDT and BSCT. For additional features, visit the drawdowns tool.
Volatility
IBDT vs. BSCT - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is 0.86%, while Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a volatility of 1.02%. This indicates that IBDT experiences smaller price fluctuations and is considered to be less risky than BSCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.