BSCV vs. BND
BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - BSCV is a Corporate Bonds fund tracking the Invesco BulletShares Corporate Bond 2031 Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 3 years, BSCV returned 5.70%/yr vs 3.96%/yr for BND. Their correlation of 0.93 suggests significant overlap in exposure. BSCV charges 0.10%/yr vs 0.03%/yr for BND.
Performance
BSCV vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BSCV achieves a -0.09% return, which is significantly lower than BND's 0.38% return.
BSCV
- 1D
- -0.52%
- 1M
- 0.43%
- YTD
- -0.09%
- 6M
- 0.26%
- 1Y
- 4.69%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.37%
- 1M
- 0.96%
- YTD
- 0.38%
- 6M
- 0.48%
- 1Y
- 4.50%
- 3Y*
- 3.96%
- 5Y*
- -0.02%
- 10Y*
- 1.55%
BSCV vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | -0.09% | 9.04% | 2.62% | 9.16% | -16.90% | -1.46% |
BND Vanguard Total Bond Market ETF | 0.38% | 7.08% | 1.38% | 5.65% | -13.11% | -1.28% |
Correlation
The correlation between BSCV and BND 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.93 |
The correlation between BSCV and BND has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
BSCV vs. BND — Risk / Return Rank
BSCV
BND
BSCV vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and Vanguard Total Bond Market ETF (BND). 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.
| BSCV | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.69 | +0.22 |
| Martin ratioReturn relative to average drawdown | 6.03 | 4.86 | +1.16 |
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Drawdowns
BSCV vs. BND - Drawdown Comparison
The maximum BSCV drawdown since its inception was -23.28%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BSCV and BND.
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Drawdown Indicators
| BSCV | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -18.58% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.68% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -5.92% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.40% | -2.26% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -3.06% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.93% | -0.15% |
Volatility
BSCV vs. BND - Volatility Comparison
Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.15% and 1.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCV | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.75% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 3.73% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 6.03% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 5.53% | +1.81% |
BSCV vs. BND - Expense Ratio Comparison
BSCV has a 0.10% expense ratio, which is higher than BND's 0.03% 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%.
Dividends
BSCV vs. BND - Dividend Comparison
BSCV's dividend yield for the trailing twelve months is around 4.70%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 4.70% | 4.65% | 4.87% | 4.47% | 3.43% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, BSCV and BND 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.
BND has higher volatility (1.19%) compared to BSCV (1.15%). In terms of maximum drawdown, BSCV dropped -23.28% vs BND's -18.58%.
On 3-year performance, BSCV leads with 5.70% vs 3.96% for BND. On fees, BND is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSCV has performed better with a 5.70% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.10% for BSCV.
BSCV has the higher dividend yield at 4.70%, compared with 3.96% for BND.
BSCV is categorized as Corporate Bonds, while BND is Total Bond Market. BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for BSCV and 0.03% for BND.
BSCV currently has the higher Sharpe Ratio (1.38 vs 1.22), 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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