PPI vs. BSCQ
PPI (Astoria Real Assets ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both exchange-traded funds - PPI is a Global Allocation fund actively managed by AXS, while BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index. PPI is actively managed, while BSCQ is passively managed. Over the past 3 years, PPI returned 21.33%/yr vs 5.17%/yr for BSCQ. At a 0.14 correlation, their price movements are largely independent. PPI charges 0.58%/yr vs 0.10%/yr for BSCQ.
Performance
PPI vs. BSCQ - Performance Comparison
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Returns By Period
In the year-to-date period, PPI achieves a 15.09% return, which is significantly higher than BSCQ's 1.68% return.
PPI
- 1D
- -1.62%
- 1M
- -1.89%
- YTD
- 15.09%
- 6M
- 13.39%
- 1Y
- 35.02%
- 3Y*
- 21.33%
- 5Y*
- —
- 10Y*
- —
BSCQ
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.78%
- 1Y
- 4.21%
- 3Y*
- 5.17%
- 5Y*
- 1.51%
- 10Y*
- —
PPI vs. BSCQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPI Astoria Real Assets ETF | 15.09% | 30.05% | 6.43% | 11.33% | 4.04% | 0.03% |
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.68% | 5.02% | 4.86% | 5.71% | -8.31% | 0.14% |
Correlation
The correlation between PPI and BSCQ is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2021 | 0.14 |
The correlation between PPI and BSCQ shifts across timeframes, from -0.06 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPI vs. BSCQ — Risk / Return Rank
PPI
BSCQ
PPI vs. BSCQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria Real Assets ETF (PPI) 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.
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.
| PPI | BSCQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.80 | ||
| Sortino ratioReturn per unit of downside risk | -12.59 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 3.40 | -2.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 41.36 | -36.95 |
| Martin ratioReturn relative to average drawdown | 13.26 | 181.24 | -167.98 |
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Drawdowns
PPI vs. BSCQ - Drawdown Comparison
The maximum PPI drawdown since its inception was -24.54%, which is greater than BSCQ's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for PPI and BSCQ.
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Drawdown Indicators
| PPI | BSCQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -16.50% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -0.10% | -7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | -1.13% | -19.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Current DrawdownCurrent decline from peak | -4.45% | -0.03% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -2.83% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 0.02% | +2.63% |
Volatility
PPI vs. BSCQ - Volatility Comparison
Astoria Real Assets ETF (PPI) has a higher volatility of 5.01% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.12%. This indicates that PPI'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
| PPI | BSCQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 0.12% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.01% | 0.42% | +12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 0.61% | +15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 3.29% | +15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 4.75% | +14.29% |
PPI vs. BSCQ - Expense Ratio Comparison
PPI has a 0.58% expense ratio, which is higher than BSCQ's 0.10% expense ratio.
Dividends
PPI vs. BSCQ - Dividend Comparison
PPI's dividend yield for the trailing twelve months is around 1.02%, less than BSCQ's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 4.11% | 4.14% | 4.05% | 3.53% | 2.54% | 1.91% | 2.42% | 2.96% | 3.32% | 2.92% | 0.51% |
PPI Astoria Real Assets ETF | 1.02% | 1.06% | 0.60% | 2.87% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPI and BSCQ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPI has higher volatility (5.01%) compared to BSCQ (0.12%). In terms of maximum drawdown, PPI dropped -24.54% vs BSCQ's -16.50%.
On 3-year performance, PPI leads with 21.33% vs 5.17% for BSCQ. On fees, BSCQ is cheaper at 0.10% per year. On volatility, BSCQ has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PPI has performed better with a 21.33% return vs 5.17%. 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 0.58% for PPI.
BSCQ has the higher dividend yield at 4.11%, compared with 1.02% for PPI.
PPI is categorized as Global Allocation, while BSCQ is Corporate Bonds. They also come from different issuers: AXS and Invesco. Their fees differ too: 0.58% for PPI and 0.10% for BSCQ.
BSCQ currently has the higher Sharpe Ratio (6.97 vs 2.17), 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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