BSCW vs. VCLT
BSCW (Invesco BulletShares 2032 Corporate Bond ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds - BSCW tracks the Invesco BulletShares Corporate Bond 2032 Index while VCLT tracks the Barclays U.S. 10+ Year Corporate Index. Both are passively managed. Over the past 3 years, BSCW returned 5.57%/yr vs 4.34%/yr for VCLT. Their correlation of 0.93 suggests significant overlap in exposure. BSCW charges 0.10%/yr vs 0.04%/yr for VCLT.
Performance
BSCW vs. VCLT - Performance Comparison
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Returns By Period
In the year-to-date period, BSCW achieves a 0.16% return, which is significantly lower than VCLT's 0.99% return.
BSCW
- 1D
- -0.17%
- 1M
- 0.17%
- YTD
- 0.16%
- 6M
- 0.15%
- 1Y
- 5.82%
- 3Y*
- 5.57%
- 5Y*
- —
- 10Y*
- —
VCLT
- 1D
- -0.35%
- 1M
- 1.49%
- YTD
- 0.99%
- 6M
- -0.04%
- 1Y
- 7.69%
- 3Y*
- 4.34%
- 5Y*
- -1.78%
- 10Y*
- 2.31%
BSCW vs. VCLT - 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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 0.99% | 7.18% | -1.90% | 11.17% | -2.35% |
Correlation
The correlation between BSCW and VCLT is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.93 |
The correlation between BSCW and VCLT has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
BSCW vs. VCLT — Risk / Return Rank
BSCW
VCLT
BSCW vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2032 Corporate Bond ETF (BSCW) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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 | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.47 | +0.61 |
| Martin ratioReturn relative to average drawdown | 6.80 | 3.62 | +3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSCW | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.97 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.39 | +0.38 |
Drawdowns
BSCW vs. VCLT - Drawdown Comparison
The maximum BSCW drawdown since its inception was -8.32%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BSCW and VCLT.
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Drawdown Indicators
| BSCW | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.32% | -34.31% | +25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -5.25% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -13.03% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -1.42% | -14.36% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -8.16% | +6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.13% | -1.27% |
Volatility
BSCW vs. VCLT - Volatility Comparison
The current volatility for Invesco BulletShares 2032 Corporate Bond ETF (BSCW) is 1.20%, while Vanguard Long-Term Corporate Bond ETF (VCLT) has a volatility of 2.31%. This indicates that BSCW experiences smaller price fluctuations and is considered to be less risky than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCW | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 2.31% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 5.75% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 7.92% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.24% | 12.78% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.24% | 12.84% | -5.60% |
BSCW vs. VCLT - Expense Ratio Comparison
BSCW has a 0.10% expense ratio, which is higher than VCLT's 0.04% 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
BSCW vs. VCLT - Dividend Comparison
BSCW's dividend yield for the trailing twelve months is around 4.83%, less than VCLT's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCW Invesco BulletShares 2032 Corporate Bond ETF | 4.83% | 4.81% | 5.06% | 4.80% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.55% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
With a correlation of 0.90, BSCW and VCLT 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.
VCLT has higher volatility (2.31%) compared to BSCW (1.20%). In terms of maximum drawdown, BSCW dropped -8.32% vs VCLT's -34.31%.
On 3-year performance, BSCW leads with 5.57% vs 4.34% for VCLT. On fees, VCLT is cheaper at 0.04% per year. On volatility, BSCW has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSCW has performed better with a 5.57% return vs 4.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCLT is cheaper with a 0.04% expense ratio, compared with 0.10% for BSCW.
VCLT has the higher dividend yield at 5.55%, compared with 4.83% for BSCW.
BSCW tracks Invesco BulletShares Corporate Bond 2032 Index, while VCLT tracks Barclays U.S. 10+ Year Corporate Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for BSCW and 0.04% for VCLT.
BSCW currently has the higher Sharpe Ratio (1.51 vs 0.97), 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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