IGEB vs. BSCQ
IGEB (iShares Investment Grade Bond Factor ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both Corporate Bonds funds - IGEB tracks the BlackRock Investment Grade Enhanced Bond Index while BSCQ tracks the NASDAQ BulletShares USD Corporate Bond 2026 Index. Both are passively managed. Over the past 5 years, IGEB returned 1.10%/yr vs 1.47%/yr for BSCQ. A 0.67 correlation means they provide meaningful diversification when combined. IGEB charges 0.18%/yr vs 0.10%/yr for BSCQ.
Performance
IGEB vs. BSCQ - Performance Comparison
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Returns By Period
In the year-to-date period, IGEB achieves a 0.41% return, which is significantly lower than BSCQ's 1.55% return.
IGEB
- 1D
- -0.22%
- 1M
- 0.57%
- YTD
- 0.41%
- 6M
- 0.32%
- 1Y
- 5.98%
- 3Y*
- 5.88%
- 5Y*
- 1.10%
- 10Y*
- —
BSCQ
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 1.55%
- 6M
- 1.92%
- 1Y
- 4.41%
- 3Y*
- 5.06%
- 5Y*
- 1.47%
- 10Y*
- —
IGEB vs. BSCQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 0.41% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | -2.05% | 1.53% |
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.55% | 5.02% | 4.86% | 5.71% | -8.31% | -1.68% | 9.41% | 13.94% | -2.40% | 1.86% |
Correlation
The correlation between IGEB and BSCQ is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2017 | 0.67 |
Over the past year, the correlation between IGEB and BSCQ has dropped to 0.08 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
IGEB vs. BSCQ — Risk / Return Rank
IGEB
BSCQ
IGEB vs. BSCQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) 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.
| IGEB | BSCQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.61 | ||
| Sortino ratioReturn per unit of downside risk | -13.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 3.45 | -2.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 43.24 | -41.15 |
| Martin ratioReturn relative to average drawdown | 6.81 | 179.65 | -172.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGEB | BSCQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 7.06 | -5.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.45 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.60 | -0.12 |
Drawdowns
IGEB vs. BSCQ - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, which is greater than BSCQ's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for IGEB and BSCQ.
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Drawdown Indicators
| IGEB | BSCQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -16.50% | -4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.10% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -1.13% | -4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -13.02% | -8.11% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -2.85% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.02% | +0.86% |
Volatility
IGEB vs. BSCQ - Volatility Comparison
iShares Investment Grade Bond Factor ETF (IGEB) has a higher volatility of 1.33% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.17%. This indicates that IGEB'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
| IGEB | BSCQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.17% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 0.43% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 0.63% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 3.30% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 4.77% | +1.75% |
IGEB vs. BSCQ - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is higher than BSCQ's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGEB vs. BSCQ - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 5.06%, more than BSCQ's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGEB iShares Investment Grade Bond Factor ETF | 5.06% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% | 0.00% |
Frequently Asked Questions
IGEB and BSCQ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGEB has higher volatility (1.33%) compared to BSCQ (0.17%). In terms of maximum drawdown, IGEB dropped -21.13% vs BSCQ's -16.50%.
On 5-year performance, BSCQ leads with 1.47% vs 1.10% for IGEB. 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, BSCQ has performed better with a 1.47% return vs 1.10%. 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 0.18% for IGEB.
IGEB has the higher dividend yield at 5.06%, compared with 4.12% for BSCQ.
IGEB tracks BlackRock Investment Grade Enhanced Bond Index, while BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for IGEB and 0.10% for BSCQ.
BSCQ currently has the higher Sharpe Ratio (7.06 vs 1.44), 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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