LQDW vs. BSCR
Compare and contrast key facts about iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) and Invesco BulletShares 2027 Corporate Bond ETF (BSCR).
LQDW and BSCR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDW is a passively managed fund by iShares that tracks the performance of the CBOE LQD BuyWrite Index. It was launched on Aug 18, 2022. BSCR is a passively managed fund by Invesco that tracks the performance of the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. It was launched on Sep 27, 2017. Both LQDW and BSCR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LQDW vs. BSCR - Performance Comparison
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LQDW vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 0.44% | 9.05% | 2.60% | 3.99% | -6.78% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 0.56% | 5.77% | 4.52% | 6.41% | -1.54% |
Returns By Period
In the year-to-date period, LQDW achieves a 0.44% return, which is significantly lower than BSCR's 0.56% return.
LQDW
- 1D
- 0.35%
- 1M
- -0.68%
- YTD
- 0.44%
- 6M
- 1.48%
- 1Y
- 6.22%
- 3Y*
- 3.68%
- 5Y*
- —
- 10Y*
- —
BSCR
- 1D
- 0.05%
- 1M
- 0.01%
- YTD
- 0.56%
- 6M
- 1.64%
- 1Y
- 4.67%
- 3Y*
- 4.66%
- 5Y*
- 1.56%
- 10Y*
- —
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LQDW vs. BSCR - Expense Ratio Comparison
LQDW has a 0.34% expense ratio, which is higher than BSCR's 0.10% expense ratio.
Return for Risk
LQDW vs. BSCR — Risk / Return Rank
LQDW
BSCR
LQDW vs. BSCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) 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.
| LQDW | BSCR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 3.18 | -1.77 |
Sortino ratioReturn per unit of downside risk | 1.91 | 5.01 | -3.09 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.81 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 5.74 | -3.70 |
Martin ratioReturn relative to average drawdown | 8.38 | 29.49 | -21.10 |
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
| LQDW | BSCR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 3.18 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.15 |
Correlation
The correlation between LQDW and BSCR is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LQDW vs. BSCR - Dividend Comparison
LQDW's dividend yield for the trailing twelve months is around 15.22%, more than BSCR's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 15.22% | 16.02% | 15.74% | 19.28% | 8.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.30% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% |
Drawdowns
LQDW vs. BSCR - Drawdown Comparison
The maximum LQDW drawdown since its inception was -9.20%, smaller than the maximum BSCR drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for LQDW and BSCR.
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Drawdown Indicators
| LQDW | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.20% | -17.26% | +8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -0.81% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.87% | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.09% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -3.41% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.16% | +0.60% |
Volatility
LQDW vs. BSCR - Volatility Comparison
iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) has a higher volatility of 2.28% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.36%. This indicates that LQDW'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
| LQDW | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 0.36% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 0.61% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 1.48% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 4.12% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | 5.40% | +0.15% |