BSCT vs. SPSB
Compare and contrast key facts about Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
BSCT and SPSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCT is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2029 Index. It was launched on Sep 12, 2019. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009. Both BSCT and SPSB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BSCT vs. SPSB - Performance Comparison
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BSCT vs. SPSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 0.16% | 7.51% | 3.45% | 8.61% | -12.88% | -2.13% | 10.83% | 1.72% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 0.28% | 5.86% | 5.25% | 5.60% | -3.31% | -0.20% | 3.83% | 1.21% |
Returns By Period
In the year-to-date period, BSCT achieves a 0.16% return, which is significantly lower than SPSB's 0.28% return.
BSCT
- 1D
- 0.32%
- 1M
- -0.93%
- YTD
- 0.16%
- 6M
- 1.41%
- 1Y
- 5.40%
- 3Y*
- 5.23%
- 5Y*
- 1.51%
- 10Y*
- —
SPSB
- 1D
- 0.17%
- 1M
- -0.48%
- YTD
- 0.28%
- 6M
- 1.46%
- 1Y
- 4.49%
- 3Y*
- 5.17%
- 5Y*
- 2.64%
- 10Y*
- 2.61%
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BSCT vs. SPSB - Expense Ratio Comparison
BSCT 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%.
Return for Risk
BSCT vs. SPSB — Risk / Return Rank
BSCT
SPSB
BSCT vs. SPSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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.
| BSCT | SPSB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 3.01 | -1.26 |
Sortino ratioReturn per unit of downside risk | 2.44 | 4.62 | -2.18 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.68 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 5.22 | -2.42 |
Martin ratioReturn relative to average drawdown | 11.75 | 21.58 | -9.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSCT | SPSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 3.01 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 1.35 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.86 | -0.54 |
Correlation
The correlation between BSCT and SPSB is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BSCT vs. SPSB - Dividend Comparison
BSCT's dividend yield for the trailing twelve months is around 4.58%, more than SPSB's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.50% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
Drawdowns
BSCT vs. SPSB - Drawdown Comparison
The maximum BSCT drawdown since its inception was -19.14%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for BSCT and SPSB.
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Drawdown Indicators
| BSCT | SPSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -11.75% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -0.87% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.14% | -5.96% | -13.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.75% | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.48% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -0.55% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.21% | +0.25% |
Volatility
BSCT vs. SPSB - Volatility Comparison
Invesco BulletShares 2029 Corporate Bond ETF (BSCT) has a higher volatility of 1.08% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.64%. This indicates that BSCT's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCT | SPSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.64% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 0.87% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 1.50% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 1.97% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 3.06% | +4.29% |