BSCW vs. BSCT

Last updated Jun 4, 2026

BSCW (Invesco BulletShares 2032 Corporate Bond ETF) and BSCT (Invesco BulletShares 2029 Corporate Bond ETF) are both Corporate Bonds funds from Invesco - BSCW tracks the Invesco BulletShares Corporate Bond 2032 Index while BSCT tracks the NASDAQ BulletShares USD Corporate Bond 2029 Index. Both are passively managed. Over the past 3 years, BSCW returned 5.57%/yr vs 5.61%/yr for BSCT. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

BSCW vs. BSCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2032 Corporate Bond ETF (BSCW) and Invesco BulletShares 2029 Corporate Bond ETF (BSCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCW achieves a 0.16% return, which is significantly lower than BSCT's 0.57% return.

BSCW

• 1D: -0.17%
• 1M: 0.17%
• YTD: 0.16%
• 6M: 0.15%
• 1Y: 5.82%
• 3Y*: 5.57%
• 5Y*: —
• 10Y*: —

BSCT

• 1D: -0.05%
• 1M: 0.23%
• YTD: 0.57%
• 6M: 0.81%
• 1Y: 4.84%
• 3Y*: 5.61%
• 5Y*: 1.25%
• 10Y*: —

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

BSCW vs. BSCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSCW Invesco BulletShares 2032 Corporate Bond ETF	0.16%	9.00%	2.20%	9.31%	0.31%
BSCT Invesco BulletShares 2029 Corporate Bond ETF	0.57%	7.51%	3.45%	8.61%	-0.58%

Correlation

The correlation between BSCW and BSCT 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	0.93
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.93

The correlation between BSCW and BSCT has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

BSCW vs. BSCT - Sectors Allocation Comparison

Sectors	BSCW	BSCT
Technology	12.4%	12.6%
Financial Services	10.6%	12.6%
Healthcare	10.4%	11.9%
Consumer Cyclical	9.5%	10.0%
Communication Services	8.8%	6.8%
Consumer Defensive	6.3%	4.5%
Industrials	5.9%	6.8%
Real Estate	4.8%	3.1%
Energy	4.6%	5.3%
Utilities	3.7%	4.3%
Basic Materials	2.3%	1.2%

Return for Risk

BSCW vs. BSCT — Risk / Return Rank

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

BSCW

BSCW Risk / Return Rank: 44
BSCW Sharpe Ratio Rank: 44
BSCW Sortino Ratio Rank: 46
BSCW Omega Ratio Rank: 42
BSCW Calmar Ratio Rank: 43
BSCW Martin Ratio Rank: 43

BSCT

BSCT Risk / Return Rank: 65
BSCT Sharpe Ratio Rank: 63
BSCT Sortino Ratio Rank: 72
BSCT Omega Ratio Rank: 68
BSCT Calmar Ratio Rank: 61
BSCT Martin Ratio Rank: 62

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.

BSCW vs. BSCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2032 Corporate Bond ETF (BSCW) and Invesco BulletShares 2029 Corporate Bond ETF (BSCT). 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.

	BSCW	BSCT	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.11	-0.60
Sortino ratio: Return per unit of downside risk	2.26	3.27	-1.01
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.14
Calmar ratio: Return relative to maximum drawdown	2.08	2.99	-0.90
Martin ratio: Return relative to average drawdown	6.80	11.10	-4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSCW vs. BSCT - Sharpe Ratio Comparison

The current BSCW Sharpe Ratio is 1.51, which is comparable to the BSCT Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of BSCW and BSCT, 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

	BSCW	BSCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.11	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.32	+0.45

Drawdowns

BSCW vs. BSCT - Drawdown Comparison

The maximum BSCW drawdown since its inception was -8.32%, smaller than the maximum BSCT drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for BSCW and BSCT.

Drawdown Indicators

	BSCW	BSCT	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-19.14%	+10.82%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-1.63%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-7.24%	-4.21%	-3.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.14%	—
Current Drawdown Current decline from peak	-1.42%	-0.53%	-0.89%
Average Drawdown Average peak-to-trough decline	-1.82%	-5.37%	+3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	0.44%	+0.42%

Volatility

BSCW vs. BSCT - Volatility Comparison

Invesco BulletShares 2032 Corporate Bond ETF (BSCW) has a higher volatility of 1.20% compared to Invesco BulletShares 2029 Corporate Bond ETF (BSCT) at 0.60%. This indicates that BSCW's price experiences larger fluctuations and is considered to be riskier than BSCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCW	BSCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	0.60%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	1.60%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	2.31%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.24%	5.71%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.24%	7.26%	-0.02%

BSCW vs. BSCT - Expense Ratio Comparison

Both BSCW and BSCT 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

BSCW vs. BSCT - Dividend Comparison

BSCW's dividend yield for the trailing twelve months is around 4.83%, more than BSCT's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSCT Invesco BulletShares 2029 Corporate Bond ETF	4.57%	4.53%	4.51%	3.89%	2.65%	1.94%	2.24%	0.86%
BSCW Invesco BulletShares 2032 Corporate Bond ETF	4.83%	4.81%	5.06%	4.80%	1.12%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSCW and BSCT in my portfolio?

With a correlation of 0.92, BSCW and BSCT 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, BSCW or BSCT?

BSCW has higher volatility (1.20%) compared to BSCT (0.60%). In terms of maximum drawdown, BSCW dropped -8.32% vs BSCT's -19.14%.

Which ETF is better, BSCW or BSCT?

On 3-year performance, BSCT leads with 5.61% vs 5.57% for BSCW. Both ETFs have the same 0.10% expense ratio. On volatility, BSCT has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCW or BSCT?

Over the 3-year period, BSCT has performed better with a 5.61% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCW or BSCT?

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

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

BSCW has the higher dividend yield at 4.83%, compared with 4.57% for BSCT.

What is the main difference between BSCW and BSCT?

BSCW tracks Invesco BulletShares Corporate Bond 2032 Index, while BSCT tracks NASDAQ BulletShares USD Corporate Bond 2029 Index.

Which has better risk-adjusted returns?

BSCT currently has the higher Sharpe Ratio (2.11 vs 1.51), 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.