IBDY vs. BSCQ
IBDY (iShares iBonds Dec 2033 Term Corporate ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both Corporate Bonds funds - IBDY tracks the Bloomberg December 2033 Maturity Corporate Index while BSCQ tracks the NASDAQ BulletShares USD Corporate Bond 2026 Index. Both are passively managed. Over the past 3 years, IBDY returned 5.73%/yr vs 5.17%/yr for BSCQ. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
IBDY vs. BSCQ - Performance Comparison
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Returns By Period
In the year-to-date period, IBDY achieves a 0.12% return, which is significantly lower than BSCQ's 1.68% return.
IBDY
- 1D
- -0.18%
- 1M
- 0.36%
- YTD
- 0.12%
- 6M
- 0.31%
- 1Y
- 5.22%
- 3Y*
- 5.73%
- 5Y*
- —
- 10Y*
- —
BSCQ
- 1D
- -0.03%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.81%
- 1Y
- 4.25%
- 3Y*
- 5.17%
- 5Y*
- 1.53%
- 10Y*
- —
IBDY vs. BSCQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBDY iShares iBonds Dec 2033 Term Corporate ETF | 0.12% | 9.41% | 2.02% | 5.10% |
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.68% | 5.02% | 4.86% | 3.86% |
Correlation
The correlation between IBDY and BSCQ is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.59 |
Over the past year, the correlation between IBDY and BSCQ has dropped to 0.07 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IBDY vs. BSCQ — Risk / Return Rank
IBDY
BSCQ
IBDY vs. BSCQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBDY | BSCQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.77 | ||
| Sortino ratioReturn per unit of downside risk | -13.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 3.43 | -2.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 41.77 | -39.93 |
| Martin ratioReturn relative to average drawdown | 5.62 | 181.80 | -176.18 |
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Drawdowns
IBDY vs. BSCQ - Drawdown Comparison
The maximum IBDY drawdown since its inception was -7.53%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for IBDY and BSCQ.
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Drawdown Indicators
| IBDY | BSCQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.53% | -16.50% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -0.10% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -1.13% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Current DrawdownCurrent decline from peak | -1.41% | -0.03% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.84% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.02% | +0.91% |
Volatility
IBDY vs. BSCQ - Volatility Comparison
iShares iBonds Dec 2033 Term Corporate ETF (IBDY) has a higher volatility of 1.13% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.13%. This indicates that IBDY'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
| IBDY | BSCQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.13% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 0.43% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 0.61% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 3.29% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 4.75% | +1.59% |
IBDY vs. BSCQ - Expense Ratio Comparison
Both IBDY and BSCQ 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%.
Dividends
IBDY vs. BSCQ - Dividend Comparison
IBDY's dividend yield for the trailing twelve months is around 4.89%, more than BSCQ's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 4.46% | 4.14% | 4.05% | 3.53% | 2.54% | 1.91% | 2.42% | 2.96% | 3.32% | 2.92% | 0.51% |
IBDY iShares iBonds Dec 2033 Term Corporate ETF | 4.89% | 4.87% | 5.02% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDY and BSCQ have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDY has higher volatility (1.13%) compared to BSCQ (0.13%). In terms of maximum drawdown, IBDY dropped -7.53% vs BSCQ's -16.50%.
On 3-year performance, IBDY leads with 5.73% vs 5.17% for BSCQ. Both ETFs have the same 0.10% expense ratio. On volatility, BSCQ has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBDY has performed better with a 5.73% return vs 5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDY and BSCQ have the same expense ratio: 0.10% per year.
IBDY has the higher dividend yield at 4.89%, compared with 4.46% for BSCQ.
IBDY tracks Bloomberg December 2033 Maturity Corporate Index, while BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index. They also come from different issuers: iShares and Invesco.
BSCQ currently has the higher Sharpe Ratio (7.04 vs 1.26), 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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