BSCP vs. SPBO
BSCP (Invesco BulletShares 2025 Corporate Bond ETF) and SPBO (SPDR Portfolio Corporate Bond ETF) are both Corporate Bonds funds - BSCP tracks the NASDAQ BulletShares USD Corporate Bond 2025 Index while SPBO tracks the Bloomberg Barclays U.S. Corporate Bond Index. Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. BSCP charges 0.10%/yr vs 0.03%/yr for SPBO.
Performance
BSCP vs. SPBO - Performance Comparison
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Returns By Period
BSCP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPBO
- 1D
- -0.21%
- 1M
- 0.67%
- YTD
- 0.70%
- 6M
- 0.47%
- 1Y
- 6.29%
- 3Y*
- 5.54%
- 5Y*
- 0.66%
- 10Y*
- 2.77%
BSCP vs. SPBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCP Invesco BulletShares 2025 Corporate Bond ETF | 0.00% | 4.19% | 5.06% | 5.11% | -5.99% | -1.37% | 8.10% | 12.76% | -1.90% | 5.75% |
SPBO SPDR Portfolio Corporate Bond ETF | 0.70% | 7.83% | 2.59% | 8.80% | -15.68% | -1.57% | 10.17% | 14.70% | -1.79% | 5.47% |
Correlation
The correlation between BSCP and SPBO is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.55 |
The correlation between BSCP and SPBO shifts across timeframes, from -0.00 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSCP vs. SPBO — Risk / Return Rank
BSCP
SPBO
BSCP vs. SPBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and SPDR Portfolio Corporate Bond ETF (SPBO). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BSCP | SPBO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.45 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.09 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.47 | — |
Drawdowns
BSCP vs. SPBO - Drawdown Comparison
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Drawdown Indicators
| BSCP | SPBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -22.23% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.23% | — |
Current DrawdownCurrent decline from peak | — | -0.91% | — |
Average DrawdownAverage peak-to-trough decline | — | -4.04% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.91% | — |
Volatility
BSCP vs. SPBO - Volatility Comparison
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Volatility by Period
| BSCP | SPBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 4.36% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 7.18% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 7.49% | — |
BSCP vs. SPBO - Expense Ratio Comparison
BSCP has a 0.10% expense ratio, which is higher than SPBO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSCP vs. SPBO - Dividend Comparison
BSCP's dividend yield for the trailing twelve months is around 2.27%, less than SPBO's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCP Invesco BulletShares 2025 Corporate Bond ETF | 2.27% | 3.99% | 3.96% | 3.39% | 2.24% | 1.93% | 2.42% | 3.12% | 3.26% | 2.93% | 2.94% | 0.75% |
SPBO SPDR Portfolio Corporate Bond ETF | 5.12% | 5.09% | 5.28% | 4.73% | 3.54% | 2.42% | 2.75% | 3.46% | 3.60% | 3.15% | 3.35% | 3.07% |
Frequently Asked Questions
BSCP and SPBO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPBO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPBO is cheaper with a 0.03% expense ratio, compared with 0.10% for BSCP.
SPBO has the higher dividend yield at 5.12%, compared with 2.27% for BSCP.
BSCP tracks NASDAQ BulletShares USD Corporate Bond 2025 Index, while SPBO tracks Bloomberg Barclays U.S. Corporate Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for BSCP and 0.03% for SPBO.
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