SLQD vs. BSCQ
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both Corporate Bonds funds - SLQD tracks the Markit iBoxx USD Liquid Investment Grade 0-5 Index while BSCQ tracks the NASDAQ BulletShares USD Corporate Bond 2026 Index. Both are passively managed. Over the past 5 years, SLQD returned 2.52%/yr vs 1.47%/yr for BSCQ. A 0.71 correlation means they provide meaningful diversification when combined. SLQD charges 0.06%/yr vs 0.10%/yr for BSCQ.
Performance
SLQD vs. BSCQ - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 0.84% return, which is significantly lower than BSCQ's 1.55% return.
SLQD
- 1D
- -0.08%
- 1M
- 0.24%
- YTD
- 0.84%
- 6M
- 1.16%
- 1Y
- 4.46%
- 3Y*
- 5.35%
- 5Y*
- 2.52%
- 10Y*
- 2.66%
BSCQ
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 1.55%
- 6M
- 1.92%
- 1Y
- 4.41%
- 3Y*
- 5.06%
- 5Y*
- 1.47%
- 10Y*
- —
SLQD vs. BSCQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.84% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
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% | 5.93% |
Correlation
The correlation between SLQD and BSCQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.71 |
Over the past year, the correlation between SLQD and BSCQ has dropped to 0.15 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
SLQD vs. BSCQ — Risk / Return Rank
SLQD
BSCQ
SLQD vs. BSCQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.
| SLQD | BSCQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.04 | ||
| Sortino ratioReturn per unit of downside risk | -10.34 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 3.45 | -1.83 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 43.24 | -39.02 |
| Martin ratioReturn relative to average drawdown | 19.08 | 179.65 | -160.56 |
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
| SLQD | BSCQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 7.06 | -4.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.45 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.60 | +0.24 |
Drawdowns
SLQD vs. BSCQ - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for SLQD and BSCQ.
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Drawdown Indicators
| SLQD | BSCQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -16.50% | +3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -0.10% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -1.13% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -13.02% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -2.85% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.02% | +0.21% |
Volatility
SLQD vs. BSCQ - Volatility Comparison
iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) has a higher volatility of 0.46% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.17%. This indicates that SLQD'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
| SLQD | BSCQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.17% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 0.43% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 0.63% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.44% | 3.30% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 4.77% | -1.63% |
SLQD vs. BSCQ - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than BSCQ's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SLQD vs. BSCQ - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.32%, more than BSCQ's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.32% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SLQD and BSCQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLQD has higher volatility (0.46%) compared to BSCQ (0.17%). In terms of maximum drawdown, SLQD dropped -12.69% vs BSCQ's -16.50%.
On 5-year performance, SLQD leads with 2.52% vs 1.47% for BSCQ. On fees, SLQD is cheaper at 0.06% 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, SLQD has performed better with a 2.52% return vs 1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.10% for BSCQ.
SLQD has the higher dividend yield at 4.32%, compared with 4.12% for BSCQ.
SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while BSCQ tracks NASDAQ BulletShares USD Corporate Bond 2026 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.06% for SLQD and 0.10% for BSCQ.
BSCQ currently has the higher Sharpe Ratio (7.06 vs 3.02), 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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