BSCR
Invesco Bulletshares 2027 Corporate Bond ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for BSCR (Invesco Bulletshares 2027 Corporate Bond ETF) using the Moving Average (50/200)* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -14.6% (compared to the benchmark's drawdown of -17.3%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 1.5%, compared to a Buy-and-Hold benchmark return of 2.5%. The strategy executed 4 total trades.
* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.
* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200) Active
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
🎯 Investment Objective
🛡️ Long-Term Investing Active
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading
Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.
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BSCR Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 4.18% | 4.18% | 2.68% | 1.29% | 1.54% | 2.46% |
| Sharpe Ratio | 4.15 | 4.15 | 1.08 | 0.32 | 0.38 | 0.43 |
| Max Drawdown | -0.42% | -0.42% | -3.29% | -14.87% | -14.64% | -17.26% |
| % Time Invested | 100.0% | 100.0% | 73.7% | 100.0% | 76.2% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 0.2 | 0.0 | 0.6 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Upgrade to Pro to Unlock | ||||||||
| 2023-10-09 | 2023-12-06 | Interest (CASH) | 100% | $1.00 | $1.01 | 0.88% | Interest Income | |
| 2023-01-23 | 2023-10-09 | Completed | 100% | $16.73 | $16.60 | -0.80% | Signal | |
| 2021-11-26 | 2023-01-23 | Interest (CASH) | 100% | $1.00 | $1.02 | 2.33% | Interest Income | |
| 2021-07-06 | 2021-11-26 | Completed | 100% | $18.24 | $17.95 | -1.64% | Signal | |
| 2021-04-13 | 2021-07-06 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-04-16 | 2021-04-13 | Completed | 100% | $16.89 | $17.97 | 6.35% | Signal | |
| 2020-03-19 | 2020-04-16 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2019-09-24 | 2020-03-19 | Completed | 100% | $16.55 | $15.07 | -9.00% | Stop | |
| 2019-09-20 | 2019-09-24 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |