BSCP vs. SPSB

Last updated Aug 2, 2026

BSCP (Invesco BulletShares 2025 Corporate Bond ETF) and SPSB (SPDR Portfolio Short Term Corporate Bond ETF) are both Corporate Bonds funds - BSCP tracks the NASDAQ BulletShares USD Corporate Bond 2025 Index while SPSB tracks the Bloomberg U.S. 1-3 Year Corporate Bond Index. Both are passively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. BSCP charges 0.10%/yr vs 0.07%/yr for SPSB.

Performance

BSCP vs. SPSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSCP

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SPSB

• 1D: -0.07%
• 1M: 0.03%
• 6M: 0.90%
• YTD: 1.27%
• 1Y: 3.39%
• 3Y*: 5.26%
• 5Y*: 2.77%
• 10Y*: 2.60%
• ALL TIME*: 2.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPSB SPDR Portfolio Short Term Corporate Bond ETF	$97.65M	$93.10M	$90.36M

BSCP vs. SPSB - 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%
SPSB SPDR Portfolio Short Term Corporate Bond ETF	1.27%	5.86%	5.25%	5.60%	-3.31%	-0.20%	3.83%	5.21%	1.45%	1.58%

Correlation

The correlation between BSCP and SPSB is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.55
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015	0.52

Over the past year, the correlation between BSCP and SPSB has dropped to 0.02 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

BSCP vs. SPSB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BSCP

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

SPSB

SPSB Risk / Return Rank: 95
SPSB Sharpe Ratio Rank: 95
SPSB Sortino Ratio Rank: 96
SPSB Omega Ratio Rank: 96
SPSB Calmar Ratio Rank: 93
SPSB Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BSCP vs. SPSB - 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 Short Term Corporate Bond ETF (SPSB). 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.

	BSCP	SPSB	Difference
Sharpe ratio: Return per unit of total volatility	—	2.82	—
Sortino ratio: Return per unit of downside risk	—	4.43	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	4.44	—
Martin ratio: Return relative to average drawdown	—	20.07	—

Drawdowns

Drawdown Indicators

	BSCP	SPSB	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-11.75%	—
Current Drawdown Current decline from peak	—	-0.07%	—
Average Drawdown Average peak-to-trough decline	—	-0.54%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.19%	—

Volatility

Volatility by Period

	BSCP	SPSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.37%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.06%	—

BSCP vs. SPSB - Expense Ratio Comparison

BSCP has a 0.10% expense ratio, which is higher than SPSB's 0.07% 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. SPSB - Dividend Comparison

BSCP's dividend yield for the trailing twelve months is around 1.56%, less than SPSB's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSCP Invesco BulletShares 2025 Corporate Bond ETF	1.56%	3.99%	3.96%	3.39%	2.24%	1.93%	2.42%	3.12%	3.26%	2.93%	2.94%	0.75%
SPSB SPDR Portfolio Short Term Corporate Bond ETF	4.00%	4.55%	4.85%	4.05%	1.92%	1.19%	1.94%	2.77%	2.36%	1.94%	1.65%	1.43%

Frequently Asked Questions

Can I hold both BSCP and SPSB in my portfolio?

BSCP and SPSB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSCP or SPSB?

On fees, SPSB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSCP or SPSB?

SPSB is cheaper with a 0.07% expense ratio, compared with 0.10% for BSCP.

Which ETF pays a higher dividend yield, BSCP or SPSB?

SPSB has the higher dividend yield at 4.00%, compared with 1.56% for BSCP.

What is the main difference between BSCP and SPSB?

BSCP tracks NASDAQ BulletShares USD Corporate Bond 2025 Index, while SPSB tracks Bloomberg U.S. 1-3 Year Corporate Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for BSCP and 0.07% for SPSB.