BSCU vs. BSCW

Last updated Jun 24, 2026

BSCU (Invesco BulletShares 2030 Corporate Bond ETF) and BSCW (Invesco BulletShares 2032 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCU tracks the NASDAQ BulletShares USD Corporate Bond 2030 Index while BSCW tracks the Invesco BulletShares Corporate Bond 2032 Index. Both are passively managed. Over the past 3 years, BSCU returned 5.56%/yr vs 5.64%/yr for BSCW. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.

Performance

BSCU vs. BSCW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2030 Corporate Bond ETF (BSCU) and Invesco BulletShares 2032 Corporate Bond ETF (BSCW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCU achieves a 0.32% return, which is significantly higher than BSCW's 0.18% return.

BSCU

• 1D: 0.03%
• 1M: 0.33%
• YTD: 0.32%
• 6M: 0.55%
• 1Y: 4.13%
• 3Y*: 5.56%
• 5Y*: 0.65%
• 10Y*: —

BSCW

• 1D: 0.15%
• 1M: 0.48%
• YTD: 0.18%
• 6M: 0.37%
• 1Y: 4.90%
• 3Y*: 5.64%
• 5Y*: —
• 10Y*: —

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

BSCU vs. BSCW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSCU Invesco BulletShares 2030 Corporate Bond ETF	0.32%	8.24%	3.12%	8.66%	-1.07%
BSCW Invesco BulletShares 2032 Corporate Bond ETF	0.18%	9.00%	2.20%	9.31%	0.31%

Correlation

The correlation between BSCU and BSCW is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.95

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

Return for Risk

BSCU vs. BSCW — Risk / Return Rank

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

BSCU

BSCU Risk / Return Rank: 43
BSCU Sharpe Ratio Rank: 43
BSCU Sortino Ratio Rank: 46
BSCU Omega Ratio Rank: 42
BSCU Calmar Ratio Rank: 43
BSCU Martin Ratio Rank: 42

BSCW

BSCW Risk / Return Rank: 38
BSCW Sharpe Ratio Rank: 39
BSCW Sortino Ratio Rank: 39
BSCW Omega Ratio Rank: 36
BSCW Calmar Ratio Rank: 38
BSCW Martin Ratio Rank: 37

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.

BSCU vs. BSCW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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.

	BSCU	BSCW	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.27	+0.14
Sortino ratio: Return per unit of downside risk	2.15	1.89	+0.26
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	2.00	1.75	+0.25
Martin ratio: Return relative to average drawdown	6.50	5.36	+1.14

BSCU vs. BSCW - Sharpe Ratio Comparison

The current BSCU Sharpe Ratio is 1.41, which is comparable to the BSCW Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of BSCU and BSCW, 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

BSCU vs. BSCW - Drawdown Comparison

The maximum BSCU drawdown since its inception was -22.34%, which is greater than BSCW's maximum drawdown of -8.32%. Use the drawdown chart below to compare losses from any high point for BSCU and BSCW.

Drawdown Indicators

	BSCU	BSCW	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-8.32%	-14.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.07%	-2.81%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-5.66%	-7.24%	+1.58%
Max Drawdown (5Y) Largest decline over 5 years	-21.74%	—	—
Current Drawdown Current decline from peak	-0.91%	-1.41%	+0.50%
Average Drawdown Average peak-to-trough decline	-7.98%	-1.81%	-6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	0.92%	-0.28%

Volatility

BSCU vs. BSCW - Volatility Comparison

The current volatility for Invesco BulletShares 2030 Corporate Bond ETF (BSCU) is 0.89%, while Invesco BulletShares 2032 Corporate Bond ETF (BSCW) has a volatility of 1.25%. This indicates that BSCU 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.

Volatility by Period

	BSCU	BSCW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	1.25%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	2.16%	2.93%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	3.88%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	7.21%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.45%	7.21%	-0.76%

BSCU vs. BSCW - Expense Ratio Comparison

Both BSCU 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

BSCU vs. BSCW - Dividend Comparison

BSCU's dividend yield for the trailing twelve months is around 4.63%, less than BSCW's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BSCU Invesco BulletShares 2030 Corporate Bond ETF	4.63%	4.56%	4.70%	4.07%	3.06%	1.93%	0.33%
BSCW Invesco BulletShares 2032 Corporate Bond ETF	4.83%	4.81%	5.06%	4.80%	1.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSCU and BSCW in my portfolio?

With a correlation of 0.95, BSCU 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.

Which is riskier, BSCU or BSCW?

BSCW has higher volatility (1.25%) compared to BSCU (0.89%). In terms of maximum drawdown, BSCU dropped -22.34% vs BSCW's -8.32%.

Which ETF is better, BSCU or BSCW?

On 3-year performance, BSCW leads with 5.64% vs 5.56% for BSCU. Both ETFs have the same 0.10% expense ratio. On volatility, BSCU has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCU or BSCW?

Over the 3-year period, BSCW has performed better with a 5.64% return vs 5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCU or BSCW?

BSCU and BSCW have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, BSCU or BSCW?

BSCW has the higher dividend yield at 4.83%, compared with 4.63% for BSCU.

What is the main difference between BSCU and BSCW?

BSCU tracks NASDAQ BulletShares USD Corporate Bond 2030 Index, while BSCW tracks Invesco BulletShares Corporate Bond 2032 Index.

Which has better risk-adjusted returns?

BSCU currently has the higher Sharpe Ratio (1.41 vs 1.27), 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.