BSCT vs. BSCS

Last updated Jun 23, 2026

BSCT (Invesco BulletShares 2029 Corporate Bond ETF) and BSCS (Invesco BulletShares 2028 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCT tracks the NASDAQ BulletShares USD Corporate Bond 2029 Index while BSCS tracks the NASDAQ BulletShares USD Corporate Bond 2028 TR Index. Both are passively managed. Over the past 5 years, BSCT returned 1.08%/yr vs 1.28%/yr for BSCS. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

BSCT vs. BSCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCT achieves a 0.54% return, which is significantly lower than BSCS's 0.76% return.

BSCT

• 1D: -0.03%
• 1M: 0.24%
• YTD: 0.54%
• 6M: 0.78%
• 1Y: 4.30%
• 3Y*: 5.67%
• 5Y*: 1.08%
• 10Y*: —

BSCS

• 1D: -0.05%
• 1M: 0.20%
• YTD: 0.76%
• 6M: 1.03%
• 1Y: 4.20%
• 3Y*: 5.56%
• 5Y*: 1.28%
• 10Y*: —

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

BSCT vs. BSCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BSCT Invesco BulletShares 2029 Corporate Bond ETF	0.54%	7.51%	3.45%	8.61%	-12.88%	-2.13%	10.83%	1.72%
BSCS Invesco BulletShares 2028 Corporate Bond ETF	0.76%	7.04%	3.87%	7.62%	-11.24%	-1.89%	10.17%	1.55%

Correlation

The correlation between BSCT and BSCS 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 BSCT and BSCS has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

BSCT vs. BSCS — Risk / Return Rank

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

BSCT

BSCT Risk / Return Rank: 59
BSCT Sharpe Ratio Rank: 58
BSCT Sortino Ratio Rank: 65
BSCT Omega Ratio Rank: 62
BSCT Calmar Ratio Rank: 55
BSCT Martin Ratio Rank: 56

BSCS

BSCS Risk / Return Rank: 85
BSCS Sharpe Ratio Rank: 84
BSCS Sortino Ratio Rank: 92
BSCS Omega Ratio Rank: 89
BSCS Calmar Ratio Rank: 78
BSCS Martin Ratio Rank: 84

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.

BSCT vs. BSCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). 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.

	BSCT	BSCS	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.59	-0.69
Sortino ratio: Return per unit of downside risk	2.89	4.25	-1.36
Omega ratio: Gain probability vs. loss probability	1.37	1.54	-0.17
Calmar ratio: Return relative to maximum drawdown	2.66	3.91	-1.25
Martin ratio: Return relative to average drawdown	9.63	16.86	-7.23

BSCT vs. BSCS - Sharpe Ratio Comparison

The current BSCT Sharpe Ratio is 1.89, which is comparable to the BSCS Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of BSCT and BSCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSCT vs. BSCS - Drawdown Comparison

The maximum BSCT drawdown since its inception was -19.14%, roughly equal to the maximum BSCS drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for BSCT and BSCS.

Drawdown Indicators

	BSCT	BSCS	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-18.40%	-0.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	-1.08%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-4.21%	-3.14%	-1.07%
Max Drawdown (5Y) Largest decline over 5 years	-19.14%	-17.63%	-1.51%
Current Drawdown Current decline from peak	-0.55%	-0.22%	-0.33%
Average Drawdown Average peak-to-trough decline	-5.33%	-4.18%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	0.25%	+0.20%

Volatility

BSCT vs. BSCS - Volatility Comparison

Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a higher volatility of 0.68% compared to Invesco BulletShares 2028 Corporate Bond ETF (BSCS) at 0.51%. This indicates that BSCT's price experiences larger fluctuations and is considered to be riskier than BSCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCT	BSCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	0.51%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	1.67%	1.09%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	2.29%	1.63%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	4.91%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.24%	6.22%	+1.02%

BSCT vs. BSCS - Expense Ratio Comparison

Both BSCT and BSCS 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

BSCT vs. BSCS - Dividend Comparison

BSCT's dividend yield for the trailing twelve months is around 4.97%, more than BSCS's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSCS Invesco BulletShares 2028 Corporate Bond ETF	4.85%	4.46%	4.54%	3.90%	2.72%	2.14%	2.50%	3.04%	1.42%
BSCT Invesco BulletShares 2029 Corporate Bond ETF	4.97%	4.53%	4.51%	3.89%	2.65%	1.94%	2.24%	0.86%	0.00%

Frequently Asked Questions

Can I hold both BSCT and BSCS in my portfolio?

BSCT and BSCS 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.

Which is riskier, BSCT or BSCS?

BSCT has higher volatility (0.68%) compared to BSCS (0.51%). In terms of maximum drawdown, BSCT dropped -19.14% vs BSCS's -18.40%.

Which ETF is better, BSCT or BSCS?

On 5-year performance, BSCS leads with 1.28% vs 1.08% 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.

Which ETF has performed better, BSCT or BSCS?

Over the 5-year period, BSCS has performed better with a 1.28% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCT or BSCS?

BSCT and BSCS have the same expense ratio: 0.10% per year.

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

BSCT has the higher dividend yield at 4.97%, compared with 4.85% for BSCS.

What is the main difference between BSCT and BSCS?

BSCT tracks NASDAQ BulletShares USD Corporate Bond 2029 Index, while BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index.

Which has better risk-adjusted returns?

BSCS currently has the higher Sharpe Ratio (2.59 vs 1.89), 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.