TIER vs. BSCQ

Last updated Jun 24, 2026

TIER (T. Rowe Price International Equity Research ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both exchange-traded funds - TIER is a Foreign Large Cap Equities fund actively managed by T. Rowe Price, while BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index. TIER is actively managed, while BSCQ is passively managed. At a 0.01 correlation, their price movements are largely independent. TIER charges 0.38%/yr vs 0.10%/yr for BSCQ.

Performance

TIER vs. BSCQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Equity Research ETF (TIER) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIER achieves a 13.19% return, which is significantly higher than BSCQ's 1.68% return.

TIER

• 1D: -2.85%
• 1M: 1.38%
• YTD: 13.19%
• 6M: 13.12%
• 1Y: —
• 3Y*: —
• 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*: —

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

TIER vs. BSCQ - Yearly Performance Comparison

	2026 (YTD)	2025
TIER T. Rowe Price International Equity Research ETF	13.19%	12.72%
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	1.68%	2.49%

Correlation

The correlation between TIER and BSCQ is 0.01, 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 (All Time) Calculated using the full available price history since Jun 26, 2025	0.01

Return for Risk

TIER vs. BSCQ — Risk / Return Rank

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

TIER

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BSCQ

BSCQ Risk / Return Rank: 99
BSCQ Sharpe Ratio Rank: 99
BSCQ Sortino Ratio Rank: 99
BSCQ Omega Ratio Rank: 99
BSCQ Calmar Ratio Rank: 99
BSCQ Martin Ratio Rank: 99

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.

TIER vs. BSCQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity Research ETF (TIER) 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.

	TIER	BSCQ	Difference
Sharpe ratio: Return per unit of total volatility	—	6.97	—
Sortino ratio: Return per unit of downside risk	—	15.43	—
Omega ratio: Gain probability vs. loss probability	—	3.40	—
Calmar ratio: Return relative to maximum drawdown	—	41.36	—
Martin ratio: Return relative to average drawdown	—	181.24	—

Drawdowns

TIER vs. BSCQ - Drawdown Comparison

The maximum TIER drawdown since its inception was -12.07%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for TIER and BSCQ.

Drawdown Indicators

	TIER	BSCQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.07%	-16.50%	+4.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.02%	—
Current Drawdown Current decline from peak	-2.85%	-0.03%	-2.82%
Average Drawdown Average peak-to-trough decline	-1.78%	-2.83%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	TIER	BSCQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	0.61%	+15.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	3.29%	+13.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	4.75%	+11.74%

TIER vs. BSCQ - Expense Ratio Comparison

TIER has a 0.38% expense ratio, which is higher than BSCQ's 0.10% expense ratio.

Dividends

TIER vs. BSCQ - Dividend Comparison

TIER's dividend yield for the trailing twelve months is around 0.66%, 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%
TIER T. Rowe Price International Equity Research ETF	0.66%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIER and BSCQ in my portfolio?

TIER and BSCQ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIER or BSCQ?

On fees, BSCQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIER or BSCQ?

BSCQ is cheaper with a 0.10% expense ratio, compared with 0.38% for TIER.

Which ETF pays a higher dividend yield, TIER or BSCQ?

BSCQ has the higher dividend yield at 4.11%, compared with 0.66% for TIER.

What is the main difference between TIER and BSCQ?

TIER is categorized as Foreign Large Cap Equities, while BSCQ is Corporate Bonds. They also come from different issuers: T. Rowe Price and Invesco. Their fees differ too: 0.38% for TIER and 0.10% for BSCQ.