IGEB vs. BSCR
IGEB (iShares Investment Grade Bond Factor ETF) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - IGEB tracks the BlackRock Investment Grade Enhanced Bond Index while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, IGEB returned 0.62%/yr vs 1.36%/yr for BSCR. A 0.77 correlation means they provide meaningful diversification when combined. IGEB charges 0.18%/yr vs 0.10%/yr for BSCR.
Performance
IGEB vs. BSCR - Performance Comparison
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Returns By Period
In the year-to-date period, IGEB achieves a 0.01% return, which is significantly lower than BSCR's 1.63% return.
IGEB
- 1D
- 0.23%
- 1M
- -0.63%
- 6M
- -0.27%
- YTD
- 0.01%
- 1Y
- 4.17%
- 3Y*
- 5.52%
- 5Y*
- 0.62%
- 10Y*
- —
BSCR
- 1D
- 0.05%
- 1M
- 0.30%
- 6M
- 1.57%
- YTD
- 1.63%
- 1Y
- 4.33%
- 3Y*
- 5.31%
- 5Y*
- 1.36%
- 10Y*
- —
IGEB vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 0.01% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | -2.05% | 0.05% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.63% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
Correlation
The correlation between IGEB and BSCR is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.77 |
The correlation between IGEB and BSCR shifts across timeframes, from 0.59 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGEB vs. BSCR — Risk / Return Rank
IGEB
BSCR
IGEB vs. BSCR - 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 2027 Corporate Bond ETF (BSCR). 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.
| IGEB | BSCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -6.60 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 2.16 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 10.40 | -8.95 |
| Martin ratioReturn relative to average drawdown | 4.55 | 45.96 | -41.41 |
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Drawdowns
IGEB vs. BSCR - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, which is greater than BSCR's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for IGEB and BSCR.
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Drawdown Indicators
| IGEB | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -17.26% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.42% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -2.27% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -14.87% | -6.26% |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -3.30% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.09% | +0.83% |
Volatility
IGEB vs. BSCR - Volatility Comparison
iShares Investment Grade Bond Factor ETF (IGEB) has a higher volatility of 1.08% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.20%. This indicates that IGEB's price experiences larger fluctuations and is considered to be riskier than BSCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGEB | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.20% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 0.60% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 1.01% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 4.07% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.50% | 5.32% | +1.18% |
IGEB vs. BSCR - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is higher than BSCR'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. BSCR - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 5.11%, more than BSCR's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.28% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% |
IGEB iShares Investment Grade Bond Factor ETF | 5.11% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% |
Frequently Asked Questions
IGEB and BSCR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGEB has higher volatility (1.08%) compared to BSCR (0.20%). In terms of maximum drawdown, IGEB dropped -21.13% vs BSCR's -17.26%.
On 5-year performance, BSCR leads with 1.36% vs 0.62% for IGEB. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSCR has performed better with a 1.36% return vs 0.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.18% for IGEB.
IGEB has the higher dividend yield at 5.11%, compared with 4.28% for BSCR.
IGEB tracks BlackRock Investment Grade Enhanced Bond Index, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for IGEB and 0.10% for BSCR.
BSCR currently has the higher Sharpe Ratio (4.31 vs 1.02), 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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