BSCT vs. VCIT
Compare and contrast key facts about Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
BSCT and VCIT 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. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. Both BSCT and VCIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCT or VCIT.
Key characteristics
| BSCT | VCIT | |
|---|---|---|
| YTD Return | -1.28% | -1.65% |
| 1Y Return | 2.15% | 2.20% |
| 3Y Return (Ann) | -1.82% | -2.36% |
| Sharpe Ratio | 0.44 | 0.36 |
| Daily Std Dev | 5.80% | 6.93% |
| Max Drawdown | -19.16% | -20.56% |
| Current Drawdown | -8.64% | -9.64% |
Correlation
The correlation between BSCT and VCIT is 0.95, 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.
Performance
BSCT vs. VCIT - Performance Comparison
In the year-to-date period, BSCT achieves a -1.28% return, which is significantly higher than VCIT's -1.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSCT vs. VCIT - Expense Ratio Comparison
BSCT has a 0.10% expense ratio, which is higher than VCIT's 0.04% 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%.
Risk-Adjusted Performance
BSCT vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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.
Dividends
BSCT vs. VCIT - Dividend Comparison
BSCT's dividend yield for the trailing twelve months is around 4.22%, more than VCIT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCT Invesco BulletShares 2029 Corporate Bond ETF | 4.22% | 3.89% | 2.65% | 1.91% | 2.24% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.10% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
BSCT vs. VCIT - Drawdown Comparison
The maximum BSCT drawdown since its inception was -19.16%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for BSCT and VCIT. For additional features, visit the drawdowns tool.
Volatility
BSCT vs. VCIT - Volatility Comparison
The current volatility for Invesco BulletShares 2029 Corporate Bond ETF (BSCT) is 1.61%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.96%. This indicates that BSCT experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.