IIGD vs. BSCR

Last updated Jun 5, 2026

IIGD (Invesco Investment Grade Defensive ETF) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - IIGD tracks the Invesco Investment Grade Defensive Index while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, IIGD returned 1.66%/yr vs 1.41%/yr for BSCR. A 0.79 correlation means they provide meaningful diversification when combined. IIGD charges 0.13%/yr vs 0.10%/yr for BSCR.

Performance

IIGD vs. BSCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Investment Grade Defensive ETF (IIGD) and Invesco BulletShares 2027 Corporate Bond ETF (BSCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IIGD achieves a 0.37% return, which is significantly lower than BSCR's 1.27% return.

IIGD

• 1D: 0.12%
• 1M: 0.13%
• YTD: 0.37%
• 6M: 0.67%
• 1Y: 4.03%
• 3Y*: 5.12%
• 5Y*: 1.66%
• 10Y*: —

BSCR

• 1D: 0.00%
• 1M: 0.36%
• YTD: 1.27%
• 6M: 1.66%
• 1Y: 4.46%
• 3Y*: 5.23%
• 5Y*: 1.41%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IIGD vs. BSCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IIGD Invesco Investment Grade Defensive ETF	0.37%	7.11%	3.90%	5.71%	-7.27%	-1.42%	6.30%	7.40%	0.86%
BSCR Invesco BulletShares 2027 Corporate Bond ETF	1.27%	5.77%	4.52%	6.41%	-9.56%	-1.72%	9.68%	14.88%	-0.00%

Correlation

The correlation between IIGD and BSCR is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018	0.79

The correlation between IIGD and BSCR shifts across timeframes, from 0.68 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

IIGD vs. BSCR - Sectors Allocation Comparison

Sectors	IIGD	BSCR
Financial Services	16.7%	20.9%
Industrials	11.6%	6.6%
Technology	8.7%	10.1%
Consumer Defensive	5.6%	5.1%
Healthcare	5.5%	10.4%
Energy	5.5%	3.9%
Consumer Cyclical	3.0%	12.1%
Real Estate	3.0%	3.0%
Communication Services	2.4%	4.0%
Basic Materials	1.8%	0.9%
Utilities	1.3%	3.3%

Return for Risk

IIGD vs. BSCR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IIGD

IIGD Risk / Return Rank: 53
IIGD Sharpe Ratio Rank: 52
IIGD Sortino Ratio Rank: 57
IIGD Omega Ratio Rank: 54
IIGD Calmar Ratio Rank: 50
IIGD Martin Ratio Rank: 51

BSCR

BSCR Risk / Return Rank: 97
BSCR Sharpe Ratio Rank: 96
BSCR Sortino Ratio Rank: 98
BSCR Omega Ratio Rank: 98
BSCR Calmar Ratio Rank: 97
BSCR Martin Ratio Rank: 97

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.

IIGD vs. BSCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) 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.

	IIGD	BSCR	Difference
Sharpe ratio: Return per unit of total volatility	1.77	4.20	-2.42
Sortino ratio: Return per unit of downside risk	2.68	7.83	-5.15
Omega ratio: Gain probability vs. loss probability	1.33	2.10	-0.77
Calmar ratio: Return relative to maximum drawdown	2.42	10.69	-8.27
Martin ratio: Return relative to average drawdown	8.50	46.31	-37.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IIGD vs. BSCR - Sharpe Ratio Comparison

The current IIGD Sharpe Ratio is 1.77, which is lower than the BSCR Sharpe Ratio of 4.20. The chart below compares the historical Sharpe Ratios of IIGD and BSCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IIGD	BSCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	4.20	-2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.35	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.59	+0.18

Drawdowns

IIGD vs. BSCR - Drawdown Comparison

The maximum IIGD drawdown since its inception was -11.43%, smaller than the maximum BSCR drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for IIGD and BSCR.

Drawdown Indicators

	IIGD	BSCR	Difference
Max Drawdown Largest peak-to-trough decline	-11.43%	-17.26%	+5.83%
Max Drawdown (1Y) Largest decline over 1 year	-1.67%	-0.42%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-2.14%	-2.41%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-11.43%	-14.87%	+3.44%
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.42%	-3.34%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.10%	+0.38%

Volatility

IIGD vs. BSCR - Volatility Comparison

Invesco Investment Grade Defensive ETF (IIGD) has a higher volatility of 0.76% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.19%. This indicates that IIGD'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.

Volatility by Period

	IIGD	BSCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	0.19%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	0.59%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	2.29%	1.07%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	4.09%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	5.35%	-1.65%

IIGD vs. BSCR - Expense Ratio Comparison

IIGD has a 0.13% 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

IIGD vs. BSCR - Dividend Comparison

IIGD's dividend yield for the trailing twelve months is around 4.27%, which matches BSCR's 4.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSCR Invesco BulletShares 2027 Corporate Bond ETF	4.29%	4.26%	4.27%	3.74%	2.65%	2.12%	2.46%	3.11%	3.35%	0.78%
IIGD Invesco Investment Grade Defensive ETF	4.27%	4.25%	4.13%	3.74%	1.73%	1.77%	3.21%	2.44%	1.23%	0.00%

Frequently Asked Questions

Can I hold both IIGD and BSCR in my portfolio?

IIGD and BSCR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IIGD or BSCR?

IIGD has higher volatility (0.76%) compared to BSCR (0.19%). In terms of maximum drawdown, IIGD dropped -11.43% vs BSCR's -17.26%.

Which ETF is better, IIGD or BSCR?

On 5-year performance, IIGD leads with 1.66% vs 1.41% for BSCR. On fees, BSCR is cheaper at 0.10% per year. On volatility, BSCR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IIGD or BSCR?

Over the 5-year period, IIGD has performed better with a 1.66% return vs 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IIGD or BSCR?

BSCR is cheaper with a 0.10% expense ratio, compared with 0.13% for IIGD.

Which ETF pays a higher dividend yield, IIGD or BSCR?

BSCR has the higher dividend yield at 4.29%, compared with 4.27% for IIGD.

What is the main difference between IIGD and BSCR?

IIGD tracks Invesco Investment Grade Defensive Index, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Their fees differ too: 0.13% for IIGD and 0.10% for BSCR.

Which has better risk-adjusted returns?

BSCR currently has the higher Sharpe Ratio (4.20 vs 1.77), 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.