BSCV vs. BSCS

Last updated Jun 4, 2026

BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and BSCS (Invesco BulletShares 2028 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCV tracks the Invesco BulletShares Corporate Bond 2031 Index while BSCS tracks the NASDAQ BulletShares USD Corporate Bond 2028 TR Index. Both are passively managed. Over the past 3 years, BSCV returned 5.70%/yr vs 5.45%/yr for BSCS. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

BSCV vs. BSCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCV achieves a 0.13% return, which is significantly lower than BSCS's 0.76% return.

BSCV

• 1D: -0.09%
• 1M: 0.19%
• YTD: 0.13%
• 6M: 0.29%
• 1Y: 5.33%
• 3Y*: 5.70%
• 5Y*: —
• 10Y*: —

BSCS

• 1D: -0.05%
• 1M: 0.25%
• YTD: 0.76%
• 6M: 1.17%
• 1Y: 4.61%
• 3Y*: 5.45%
• 5Y*: 1.39%
• 10Y*: —

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

BSCV vs. BSCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BSCV Invesco BulletShares 2031 Corporate Bond ETF	0.13%	9.04%	2.62%	9.16%	-16.90%	-1.62%
BSCS Invesco BulletShares 2028 Corporate Bond ETF	0.76%	7.04%	3.87%	7.62%	-11.24%	-1.47%

Correlation

The correlation between BSCV and BSCS is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 17, 2021	0.92

The correlation between BSCV and BSCS has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

BSCV vs. BSCS - Sectors Allocation Comparison

Sectors	BSCV	BSCS
Technology	13.8%	11.9%
Healthcare	13.1%	10.3%
Consumer Cyclical	9.4%	9.4%
Financial Services	9.2%	14.8%
Communication Services	8.6%	4.1%
Energy	7.3%	3.6%
Industrials	6.4%	8.4%
Real Estate	5.2%	4.1%
Consumer Defensive	4.4%	5.8%
Utilities	3.8%	4.5%
Basic Materials	1.2%	1.4%

Return for Risk

BSCV vs. BSCS — Risk / Return Rank

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

BSCV

BSCV Risk / Return Rank: 45
BSCV Sharpe Ratio Rank: 44
BSCV Sortino Ratio Rank: 48
BSCV Omega Ratio Rank: 44
BSCV Calmar Ratio Rank: 44
BSCV Martin Ratio Rank: 44

BSCS

BSCS Risk / Return Rank: 87
BSCS Sharpe Ratio Rank: 84
BSCS Sortino Ratio Rank: 93
BSCS Omega Ratio Rank: 90
BSCS Calmar Ratio Rank: 81
BSCS Martin Ratio Rank: 86

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.

BSCV vs. BSCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). 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.

	BSCV	BSCS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.75	-1.19
Sortino ratio: Return per unit of downside risk	2.38	4.60	-2.23
Omega ratio: Gain probability vs. loss probability	1.28	1.58	-0.30
Calmar ratio: Return relative to maximum drawdown	2.17	4.29	-2.12
Martin ratio: Return relative to average drawdown	7.18	18.35	-11.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCV vs. BSCS - Sharpe Ratio Comparison

The current BSCV Sharpe Ratio is 1.55, which is lower than the BSCS Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of BSCV and BSCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSCV	BSCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.75	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.60	-0.60

Drawdowns

BSCV vs. BSCS - Drawdown Comparison

The maximum BSCV drawdown since its inception was -23.28%, which is greater than BSCS's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for BSCV and BSCS.

Drawdown Indicators

	BSCV	BSCS	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-18.40%	-4.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-1.08%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-6.75%	-3.14%	-3.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.63%	—
Current Drawdown Current decline from peak	-1.19%	-0.10%	-1.09%
Average Drawdown Average peak-to-trough decline	-9.56%	-4.20%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.25%	+0.49%

Volatility

BSCV vs. BSCS - Volatility Comparison

Invesco BulletShares 2031 Corporate Bond ETF (BSCV) has a higher volatility of 1.02% compared to Invesco BulletShares 2028 Corporate Bond ETF (BSCS) at 0.37%. This indicates that BSCV's price experiences larger fluctuations and is considered to be riskier than BSCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCV	BSCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	0.37%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	1.01%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	1.68%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.36%	4.92%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.36%	6.24%	+1.12%

BSCV vs. BSCS - Expense Ratio Comparison

Both BSCV and BSCS 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

BSCV vs. BSCS - Dividend Comparison

BSCV's dividend yield for the trailing twelve months is around 4.69%, more than BSCS's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BSCS Invesco BulletShares 2028 Corporate Bond ETF	4.46%	4.46%	4.54%	3.90%	2.72%	2.14%	2.50%	3.04%	1.42%
BSCV Invesco BulletShares 2031 Corporate Bond ETF	4.69%	4.65%	4.87%	4.47%	3.43%	0.57%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSCV and BSCS in my portfolio?

BSCV and BSCS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSCV or BSCS?

BSCV has higher volatility (1.02%) compared to BSCS (0.37%). In terms of maximum drawdown, BSCV dropped -23.28% vs BSCS's -18.40%.

Which ETF is better, BSCV or BSCS?

On 3-year performance, BSCV leads with 5.70% vs 5.45% for BSCS. Both ETFs have the same 0.10% expense ratio. On volatility, BSCS has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCV or BSCS?

Over the 3-year period, BSCV has performed better with a 5.70% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCV or BSCS?

BSCV and BSCS have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, BSCV or BSCS?

BSCV has the higher dividend yield at 4.69%, compared with 4.46% for BSCS.

What is the main difference between BSCV and BSCS?

BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while BSCS tracks NASDAQ BulletShares USD Corporate Bond 2028 TR Index.

Which has better risk-adjusted returns?

BSCS currently has the higher Sharpe Ratio (2.75 vs 1.55), 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.