BSCV vs. BSCU
BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and BSCU (Invesco BulletShares 2030 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCV tracks the Invesco BulletShares Corporate Bond 2031 Index while BSCU tracks the NASDAQ BulletShares USD Corporate Bond 2030 Index. Both are passively managed. Over the past 3 years, BSCV returned 5.70%/yr vs 5.52%/yr for BSCU. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.
Performance
BSCV vs. BSCU - 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 BSCU's 0.17% return.
BSCV
- 1D
- -0.52%
- 1M
- 0.43%
- YTD
- -0.09%
- 6M
- 0.26%
- 1Y
- 4.69%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
BSCU
- 1D
- -0.45%
- 1M
- 0.42%
- YTD
- 0.17%
- 6M
- 0.42%
- 1Y
- 4.46%
- 3Y*
- 5.52%
- 5Y*
- 0.57%
- 10Y*
- —
BSCV vs. BSCU - 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% |
BSCU Invesco BulletShares 2030 Corporate Bond ETF | 0.17% | 8.24% | 3.12% | 8.66% | -15.08% | -1.71% |
Correlation
The correlation between BSCV and BSCU is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.97 |
The correlation between BSCV and BSCU has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
BSCV vs. BSCU — Risk / Return Rank
BSCV
BSCU
BSCV vs. BSCU - 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 2030 Corporate Bond ETF (BSCU). 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 | BSCU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.16 | -0.25 |
| Martin ratioReturn relative to average drawdown | 6.03 | 7.10 | -1.08 |
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Drawdowns
BSCV vs. BSCU - Drawdown Comparison
The maximum BSCV drawdown since its inception was -23.28%, roughly equal to the maximum BSCU drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for BSCV and BSCU.
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Drawdown Indicators
| BSCV | BSCU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -22.34% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.07% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -5.66% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.74% | — |
Current DrawdownCurrent decline from peak | -1.40% | -1.06% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -8.00% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.63% | +0.15% |
Volatility
BSCV vs. BSCU - Volatility Comparison
Invesco BulletShares 2031 Corporate Bond ETF (BSCV) has a higher volatility of 1.15% compared to Invesco BulletShares 2030 Corporate Bond ETF (BSCU) at 0.95%. This indicates that BSCV's price experiences larger fluctuations and is considered to be riskier than BSCU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCV | BSCU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.95% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.17% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 2.95% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 6.61% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 6.46% | +0.88% |
BSCV vs. BSCU - Expense Ratio Comparison
Both BSCV and BSCU 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. BSCU - Dividend Comparison
BSCV's dividend yield for the trailing twelve months is around 4.70%, more than BSCU's 4.63% 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% |
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 4.70% | 4.65% | 4.87% | 4.47% | 3.43% | 0.57% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, BSCV and BSCU 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.
BSCV has higher volatility (1.15%) compared to BSCU (0.95%). In terms of maximum drawdown, BSCV dropped -23.28% vs BSCU's -22.34%.
On 3-year performance, BSCV leads with 5.70% vs 5.52% for BSCU. Both ETFs have the same 0.10% expense ratio. On volatility, BSCU has been the lower-risk option at 0.95%. 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 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCV and BSCU have the same expense ratio: 0.10% per year.
BSCV has the higher dividend yield at 4.70%, compared with 4.63% for BSCU.
BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while BSCU tracks NASDAQ BulletShares USD Corporate Bond 2030 Index.
BSCU currently has the higher Sharpe Ratio (1.52 vs 1.38), 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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