BSCS vs. BSCT
BSCS (Invesco BulletShares 2028 Corporate Bond ETF) and BSCT (Invesco BulletShares 2029 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCS tracks the NASDAQ BulletShares USD Corporate Bond 2028 TR Index while BSCT tracks the NASDAQ BulletShares USD Corporate Bond 2029 Index. Both are passively managed. Over the past 5 years, BSCS returned 1.28%/yr vs 1.09%/yr for BSCT. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
BSCS vs. BSCT - Performance Comparison
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Returns By Period
In the year-to-date period, BSCS achieves a 0.83% return, which is significantly higher than BSCT's 0.62% return.
BSCS
- 1D
- 0.07%
- 1M
- 0.27%
- YTD
- 0.83%
- 6M
- 1.08%
- 1Y
- 4.13%
- 3Y*
- 5.59%
- 5Y*
- 1.28%
- 10Y*
- —
BSCT
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- 0.62%
- 6M
- 0.86%
- 1Y
- 4.15%
- 3Y*
- 5.70%
- 5Y*
- 1.09%
- 10Y*
- —
BSCS vs. BSCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 0.83% | 7.04% | 3.87% | 7.62% | -11.24% | -1.89% | 10.17% | 1.55% |
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 0.62% | 7.51% | 3.45% | 8.61% | -12.88% | -2.13% | 10.83% | 1.72% |
Correlation
The correlation between BSCS and BSCT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.93 |
The correlation between BSCS and BSCT has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
BSCS vs. BSCT — Risk / Return Rank
BSCS
BSCT
BSCS vs. BSCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Invesco BulletShares 2029 Corporate Bond ETF (BSCT). 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.
| BSCS | BSCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.35 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.56 | +1.28 |
| Martin ratioReturn relative to average drawdown | 16.59 | 9.27 | +7.32 |
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Drawdowns
BSCS vs. BSCT - Drawdown Comparison
The maximum BSCS drawdown since its inception was -18.40%, roughly equal to the maximum BSCT drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for BSCS and BSCT.
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Drawdown Indicators
| BSCS | BSCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -19.14% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -1.63% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.14% | -4.21% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -19.14% | +1.51% |
Current DrawdownCurrent decline from peak | -0.15% | -0.47% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -5.33% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.45% | -0.20% |
Volatility
BSCS vs. BSCT - Volatility Comparison
The current volatility for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is 0.51%, while Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a volatility of 0.68%. This indicates that BSCS experiences smaller price fluctuations and is considered to be less risky than BSCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCS | BSCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.68% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 1.66% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.63% | 2.28% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 5.70% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 7.24% | -1.02% |
BSCS vs. BSCT - Expense Ratio Comparison
Both BSCS and BSCT have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSCS vs. BSCT - Dividend Comparison
BSCS's dividend yield for the trailing twelve months is around 4.46%, less than BSCT's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSCS Invesco BulletShares 2028 Corporate Bond ETF | 4.46% | 4.46% | 4.54% | 3.90% | 2.72% | 2.14% | 2.50% | 3.04% | 1.42% |
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 4.58% | 4.53% | 4.51% | 3.89% | 2.65% | 1.94% | 2.24% | 0.86% | 0.00% |
Frequently Asked Questions
BSCS and BSCT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCT has higher volatility (0.68%) compared to BSCS (0.51%). In terms of maximum drawdown, BSCS dropped -18.40% vs BSCT's -19.14%.
On 5-year performance, BSCS leads with 1.28% vs 1.09% for BSCT. Both ETFs have the same 0.10% expense ratio. On volatility, BSCS has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSCS has performed better with a 1.28% return vs 1.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCS and BSCT have the same expense ratio: 0.10% per year.
BSCT has the higher dividend yield at 4.58%, compared with 4.46% for BSCS.
BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while BSCT tracks NASDAQ BulletShares USD Corporate Bond 2029 Index.
BSCS currently has the higher Sharpe Ratio (2.55 vs 1.83), 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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