BSCS vs. SCHD

Last updated Jun 4, 2026

BSCS (Invesco BulletShares 2028 Corporate Bond ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - BSCS is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, BSCS returned 1.39%/yr vs 8.36%/yr for SCHD. At a 0.13 correlation, their price movements are largely independent. BSCS charges 0.10%/yr vs 0.06%/yr for SCHD.

Performance

BSCS vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCS achieves a 0.76% return, which is significantly lower than SCHD's 19.01% return.

BSCS

• 1D: -0.05%
• 1M: 0.25%
• YTD: 0.76%
• 6M: 1.17%
• 1Y: 4.61%
• 3Y*: 5.45%
• 5Y*: 1.39%
• 10Y*: —

SCHD

• 1D: 0.00%
• 1M: 2.70%
• YTD: 19.01%
• 6M: 18.63%
• 1Y: 27.16%
• 3Y*: 15.09%
• 5Y*: 8.36%
• 10Y*: 12.77%

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

BSCS vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BSCS Invesco BulletShares 2028 Corporate Bond ETF	0.76%	7.04%	3.87%	7.62%	-11.24%	-1.89%	10.17%	15.41%	-0.40%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-7.95%

Correlation

The correlation between BSCS and SCHD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.13

BSCS vs. SCHD - Sectors Allocation Comparison

Sectors	BSCS	SCHD
Financial Services	14.8%	9.3%
Technology	11.9%	16.4%
Healthcare	10.3%	18.8%
Consumer Cyclical	9.4%	6.3%
Industrials	8.4%	7.5%
Consumer Defensive	5.8%	19.2%
Utilities	4.5%	0.0%
Real Estate	4.1%	-
Communication Services	4.1%	6.3%
Energy	3.6%	16.2%
Basic Materials	1.4%	1.2%

Return for Risk

BSCS vs. SCHD — Risk / Return Rank

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

BSCS

BSCS Risk / Return Rank: 87
BSCS Sharpe Ratio Rank: 84
BSCS Sortino Ratio Rank: 93
BSCS Omega Ratio Rank: 90
BSCS Calmar Ratio Rank: 81
BSCS Martin Ratio Rank: 86

SCHD

SCHD Risk / Return Rank: 80
SCHD Sharpe Ratio Rank: 75
SCHD Sortino Ratio Rank: 84
SCHD Omega Ratio Rank: 73
SCHD Calmar Ratio Rank: 91
SCHD Martin Ratio Rank: 75

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.

BSCS vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	BSCS	SCHD	Difference
Sharpe ratio Return per unit of total volatility	2.75	2.49	+0.25
Sortino ratio Return per unit of downside risk	4.60	3.87	+0.74
Omega ratio Gain probability vs. loss probability	1.58	1.45	+0.14
Calmar ratio Return relative to maximum drawdown	4.29	5.91	-1.63
Martin ratio Return relative to average drawdown	18.35	14.53	+3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCS vs. SCHD - Sharpe Ratio Comparison

The current BSCS Sharpe Ratio is 2.75, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BSCS and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSCS	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.49	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.58	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.86	-0.26

Drawdowns

BSCS vs. SCHD - Drawdown Comparison

The maximum BSCS drawdown since its inception was -18.40%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BSCS and SCHD.

Drawdown Indicators

	BSCS	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-33.37%	+14.97%
Max Drawdown (1Y) Largest decline over 1 year	-1.08%	-4.61%	+3.53%
Max Drawdown (3Y) Largest decline over 3 years	-3.14%	-16.13%	+12.99%
Max Drawdown (5Y) Largest decline over 5 years	-17.63%	-16.85%	-0.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-0.10%	-1.40%	+1.30%
Average Drawdown Average peak-to-trough decline	-4.20%	-3.32%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	1.88%	-1.63%

Volatility

BSCS vs. SCHD - Volatility Comparison

The current volatility for Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is 0.37%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.66%. This indicates that BSCS experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCS	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	2.66%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	1.01%	7.66%	-6.65%
Volatility (1Y) Calculated over the trailing 1-year period	1.68%	10.96%	-9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.92%	14.38%	-9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.24%	16.72%	-10.48%

BSCS vs. SCHD - Expense Ratio Comparison

BSCS has a 0.10% expense ratio, which is higher than SCHD's 0.06% 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

BSCS vs. SCHD - Dividend Comparison

BSCS's dividend yield for the trailing twelve months is around 4.46%, more than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both BSCS and SCHD in my portfolio?

BSCS and SCHD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCS or SCHD?

SCHD has higher volatility (2.66%) compared to BSCS (0.37%). In terms of maximum drawdown, BSCS dropped -18.40% vs SCHD's -33.37%.

Which ETF is better, BSCS or SCHD?

On 5-year performance, SCHD leads with 8.36% vs 1.39% for BSCS. On fees, SCHD is cheaper at 0.06% per year. On volatility, BSCS has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCS or SCHD?

Over the 5-year period, SCHD has performed better with a 8.36% return vs 1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCS or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.10% for BSCS.

Which ETF pays a higher dividend yield, BSCS or SCHD?

BSCS has the higher dividend yield at 4.46%, compared with 3.26% for SCHD.

What is the main difference between BSCS and SCHD?

BSCS is categorized as Corporate Bonds, while SCHD is Dividend. BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.10% for BSCS and 0.06% for SCHD.

Which has better risk-adjusted returns?

BSCS currently has the higher Sharpe Ratio (2.75 vs 2.49), 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.