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IBHF vs. BSCQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBHF vs. BSCQ

Last updated Jun 4, 2026

IBHF (iShares iBonds 2026 Term High Yield and Income ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both Corporate Bonds funds. IBHF is actively managed, while BSCQ is passively managed. Over the past 5 years, IBHF returned 4.05%/yr vs 1.47%/yr for BSCQ. At a 0.42 correlation, their price movements are largely independent. IBHF charges 0.35%/yr vs 0.10%/yr for BSCQ.

Performance

IBHF vs. BSCQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, IBHF achieves a 0.41% return, which is significantly lower than BSCQ's 1.55% return.

IBHF

1D
-0.04%
1M
-0.05%
YTD
0.41%
6M
0.86%
1Y
4.76%
3Y*
7.23%
5Y*
4.05%
10Y*
—

BSCQ

1D
0.08%
1M
0.34%
YTD
1.55%
6M
1.92%
1Y
4.41%
3Y*
5.06%
5Y*
1.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHF vs. BSCQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IBHF
iShares iBonds 2026 Term High Yield and Income ETF		0.41%6.60%8.55%10.40%-6.66%4.43%2.97%
BSCQ
Invesco BulletShares 2026 Corporate Bond ETF		1.55%5.02%4.86%5.71%-8.31%-1.68%1.28%

Correlation

The correlation between IBHF and BSCQ is 0.03, 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

0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2020

0.42

Over the past year, the correlation between IBHF and BSCQ has dropped to 0.03 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

IBHF vs. BSCQ - Sectors Allocation Comparison

Sectors
IBHF
BSCQ

Energy

100.0%
3.0%

Basic Materials

-

0.5%

Communication Services

-

1.5%

Consumer Cyclical

-

6.1%

Consumer Defensive

-

3.9%

Financial Services

-

32.7%

Healthcare

-

7.4%

Industrials

-

6.0%

Real Estate

-

2.9%

Technology

-

10.8%

Utilities

-

3.5%

Energy

IBHF
100.0%
BSCQ
3.0%

Basic Materials

IBHF

-

BSCQ
0.5%

Communication Services

IBHF

-

BSCQ
1.5%

Consumer Cyclical

IBHF

-

BSCQ
6.1%

Consumer Defensive

IBHF

-

BSCQ
3.9%

Financial Services

IBHF

-

BSCQ
32.7%

Healthcare

IBHF

-

BSCQ
7.4%

Industrials

IBHF

-

BSCQ
6.0%

Real Estate

IBHF

-

BSCQ
2.9%

Technology

IBHF

-

BSCQ
10.8%

Utilities

IBHF

-

BSCQ
3.5%

Compare stocks, funds, or ETFs

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iShares iBonds 2026 Term High Yield and Income ETF

Invesco BulletShares 2026 Corporate Bond ETF

Often compared with IBHF:
IBHF vs. IBDRIBHF vs. IBHGIBHF vs. BSJRIBHF vs. IBHIIBHF vs. SGOVIBHF vs. IBTJIBHF vs. BSJQ
Often compared with BSCQ:
BSCQ vs. BSCUBSCQ vs. BSCPBSCQ vs. BSJQBSCQ vs. SPBOBSCQ vs. TOTLBSCQ vs. IBDRBSCQ vs. DBND

Return for Risk

IBHF vs. BSCQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IBHF
IBHF Risk / Return Rank: 8686
Overall Rank
IBHF Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IBHF Sortino Ratio Rank: 8989
Sortino Ratio Rank
IBHF Omega Ratio Rank: 8383
Omega Ratio Rank
IBHF Calmar Ratio Rank: 9494
Calmar Ratio Rank
IBHF Martin Ratio Rank: 9292
Martin Ratio Rank
BSCQ
BSCQ Risk / Return Rank: 9999
Overall Rank
BSCQ Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
BSCQ Sortino Ratio Rank: 9999
Sortino Ratio Rank
BSCQ Omega Ratio Rank: 9999
Omega Ratio Rank
BSCQ Calmar Ratio Rank: 9999
Calmar Ratio Rank
BSCQ Martin Ratio Rank: 9999
Martin Ratio Rank
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.

IBHF vs. BSCQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) 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.

IBHFBSCQDifference
Sharpe ratioReturn per unit of total volatility
2.36
7.06

-4.70

Sortino ratioReturn per unit of downside risk
4.14
15.22

-11.08

Omega ratioGain probability vs. loss probability

1.51

3.45

-1.94

Calmar ratioReturn relative to maximum drawdown

7.48

43.24

-35.76

Martin ratioReturn relative to average drawdown

23.36

179.65

-156.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHF vs. BSCQ - Sharpe Ratio Comparison

The current IBHF Sharpe Ratio is 2.36, which is lower than the BSCQ Sharpe Ratio of 7.06. The chart below compares the historical Sharpe Ratios of IBHF and BSCQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IBHFBSCQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

7.06

-4.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

0.45

+0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.60

+0.22

Drawdowns

IBHF vs. BSCQ - Drawdown Comparison

The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for IBHF and BSCQ.

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Drawdown Indicators

IBHFBSCQDifference

Max Drawdown

Largest peak-to-trough decline

-11.19%

-16.50%

+5.31%

Max Drawdown (1Y)

Largest decline over 1 year

-0.64%

-0.10%

-0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-2.53%

-1.13%

-1.40%

Max Drawdown (5Y)

Largest decline over 5 years

-11.19%

-13.02%

+1.83%

Current Drawdown

Current decline from peak

-0.58%

0.00%

-0.58%

Average Drawdown

Average peak-to-trough decline

-1.80%

-2.85%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.20%

0.02%

+0.18%

Volatility

IBHF vs. BSCQ - Volatility Comparison

iShares iBonds 2026 Term High Yield and Income ETF (IBHF) has a higher volatility of 0.76% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.17%. This indicates that IBHF'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

IBHFBSCQDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.76%

0.17%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

1.22%

0.43%

+0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

2.03%

0.63%

+1.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.80%

3.30%

+2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.66%

4.77%

+0.89%

IBHF vs. BSCQ - Expense Ratio Comparison

IBHF has a 0.35% expense ratio, which is higher than BSCQ's 0.10% expense ratio.

Dividends

IBHF vs. BSCQ - Dividend Comparison

IBHF's dividend yield for the trailing twelve months is around 6.54%, more than BSCQ's 4.12% yield.

PositionTTM2025202420232022202120202019201820172016
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%
IBHF
iShares iBonds 2026 Term High Yield and Income ETF		6.54%6.73%7.17%7.33%6.01%4.55%0.61%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IBHF and BSCQ have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IBHF has higher volatility (0.76%) compared to BSCQ (0.17%). In terms of maximum drawdown, IBHF dropped -11.19% vs BSCQ's -16.50%.

On 5-year performance, IBHF leads with 4.05% vs 1.47% for BSCQ. On fees, BSCQ is cheaper at 0.10% per year. On volatility, BSCQ has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IBHF has performed better with a 4.05% 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 0.35% for IBHF.

IBHF has the higher dividend yield at 6.54%, compared with 4.12% for BSCQ.

They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IBHF and 0.10% for BSCQ.

BSCQ currently has the higher Sharpe Ratio (7.06 vs 2.36), 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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