BSCT vs. BSCW
BSCT (Invesco BulletShares 2029 Corporate Bond ETF) and BSCW (Invesco BulletShares 2032 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCT tracks the NASDAQ BulletShares USD Corporate Bond 2029 Index while BSCW tracks the Invesco BulletShares Corporate Bond 2032 Index. Both are passively managed. Over the past 3 years, BSCT returned 5.45%/yr vs 5.40%/yr for BSCW. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
BSCT vs. BSCW - Performance Comparison
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Returns By Period
In the year-to-date period, BSCT achieves a 0.51% return, which is significantly higher than BSCW's -0.26% return.
BSCT
- 1D
- -0.24%
- 1M
- -0.21%
- 6M
- 0.49%
- YTD
- 0.51%
- 1Y
- 3.90%
- 3Y*
- 5.45%
- 5Y*
- 0.89%
- 10Y*
- —
BSCW
- 1D
- -0.42%
- 1M
- -0.57%
- 6M
- -0.24%
- YTD
- -0.26%
- 1Y
- 4.08%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
BSCT vs. BSCW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 0.51% | 7.51% | 3.45% | 8.61% | -0.75% |
BSCW Invesco BulletShares 2032 Corporate Bond ETF | -0.26% | 9.00% | 2.20% | 9.31% | 0.31% |
Correlation
The correlation between BSCT and BSCW is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.93 |
The correlation between BSCT and BSCW has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
BSCT vs. BSCW — Risk / Return Rank
BSCT
BSCW
BSCT vs. BSCW - 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 2032 Corporate Bond ETF (BSCW). 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 | BSCW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.46 | +0.95 |
| Martin ratioReturn relative to average drawdown | 8.67 | 4.31 | +4.36 |
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Drawdowns
BSCT vs. BSCW - Drawdown Comparison
The maximum BSCT drawdown since its inception was -19.14%, which is greater than BSCW's maximum drawdown of -8.32%. Use the drawdown chart below to compare losses from any high point for BSCT and BSCW.
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Drawdown Indicators
| BSCT | BSCW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -8.32% | -10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -2.81% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -7.24% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.14% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -1.84% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -1.80% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.95% | -0.50% |
Volatility
BSCT vs. BSCW - Volatility Comparison
The current volatility for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) is 0.71%, while Invesco BulletShares 2032 Corporate Bond ETF (BSCW) has a volatility of 1.27%. This indicates that BSCT experiences smaller price fluctuations and is considered to be less risky than BSCW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCT | BSCW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 1.27% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 2.99% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 3.84% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 7.17% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 7.17% | +0.04% |
BSCT vs. BSCW - Expense Ratio Comparison
Both BSCT and BSCW 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. BSCW - Dividend Comparison
BSCT's dividend yield for the trailing twelve months is around 4.58%, less than BSCW's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 4.58% | 4.53% | 4.51% | 3.89% | 2.65% | 1.94% | 2.24% | 0.86% |
BSCW Invesco BulletShares 2032 Corporate Bond ETF | 4.85% | 4.81% | 5.06% | 4.80% | 1.12% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BSCT and BSCW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BSCW has higher volatility (1.27%) compared to BSCT (0.71%). In terms of maximum drawdown, BSCT dropped -19.14% vs BSCW's -8.32%.
On 3-year performance, BSCT leads with 5.45% vs 5.40% for BSCW. Both ETFs have the same 0.10% expense ratio. On volatility, BSCT has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSCT has performed better with a 5.45% return vs 5.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCT and BSCW have the same expense ratio: 0.10% per year.
BSCW has the higher dividend yield at 4.85%, compared with 4.58% for BSCT.
BSCT tracks NASDAQ BulletShares USD Corporate Bond 2029 Index, while BSCW tracks Invesco BulletShares Corporate Bond 2032 Index.
BSCT currently has the higher Sharpe Ratio (1.73 vs 1.07), 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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