BSCX vs. SPYD
Compare and contrast key facts about Invesco BulletShares 2033 Corporate Bond ETF (BSCX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
BSCX and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCX is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares USD Corporate Bond 2033 Index. It was launched on Sep 20, 2023. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both BSCX and SPYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCX or SPYD.
Correlation
The correlation between BSCX and SPYD is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BSCX vs. SPYD - Performance Comparison
Key characteristics
BSCX:
0.88
SPYD:
1.83
BSCX:
1.29
SPYD:
2.51
BSCX:
1.15
SPYD:
1.32
BSCX:
1.00
SPYD:
2.31
BSCX:
2.55
SPYD:
6.90
BSCX:
2.01%
SPYD:
3.25%
BSCX:
5.85%
SPYD:
12.16%
BSCX:
-5.14%
SPYD:
-46.42%
BSCX:
-2.77%
SPYD:
-4.94%
Returns By Period
In the year-to-date period, BSCX achieves a 0.96% return, which is significantly lower than SPYD's 2.71% return.
BSCX
0.96%
1.10%
-0.99%
5.32%
N/A
N/A
SPYD
2.71%
1.14%
3.85%
20.34%
7.28%
N/A
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BSCX vs. SPYD - Expense Ratio Comparison
BSCX has a 0.10% expense ratio, which is higher than SPYD's 0.07% 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%.
Risk-Adjusted Performance
BSCX vs. SPYD — Risk-Adjusted Performance Rank
BSCX
SPYD
BSCX vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
Dividends
BSCX vs. SPYD - Dividend Comparison
BSCX's dividend yield for the trailing twelve months is around 5.11%, more than SPYD's 4.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCX Invesco BulletShares 2033 Corporate Bond ETF | 4.77% | 5.00% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.20% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
BSCX vs. SPYD - Drawdown Comparison
The maximum BSCX drawdown since its inception was -5.14%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for BSCX and SPYD. For additional features, visit the drawdowns tool.
Volatility
BSCX vs. SPYD - Volatility Comparison
The current volatility for Invesco BulletShares 2033 Corporate Bond ETF (BSCX) is 1.53%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.17%. This indicates that BSCX experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.