BSCY vs. SPLB
BSCY (Invesco BulletShares 2034 Corporate Bond ETF) and SPLB (SPDR Portfolio Long Term Corporate Bond ETF) are both Corporate Bonds funds - BSCY tracks the Nasdaq BulletShares USD Corporate Bond 2034 Index while SPLB tracks the Bloomberg Barclays Long U.S. Corporate Index. Both are passively managed. Over the past year, BSCY returned 5.53% vs 6.62% for SPLB. Their correlation of 0.94 suggests significant overlap in exposure. BSCY charges 0.10%/yr vs 0.07%/yr for SPLB.
Performance
BSCY vs. SPLB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSCY achieves a 0.90% return, which is significantly lower than SPLB's 2.28% return.
BSCY
- 1D
- 0.12%
- 1M
- 0.79%
- YTD
- 0.90%
- 6M
- 0.71%
- 1Y
- 5.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLB
- 1D
- 0.04%
- 1M
- 1.85%
- YTD
- 2.28%
- 6M
- 1.56%
- 1Y
- 6.62%
- 3Y*
- 4.44%
- 5Y*
- -1.98%
- 10Y*
- 2.17%
BSCY vs. SPLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSCY Invesco BulletShares 2034 Corporate Bond ETF | 0.90% | 9.18% | 2.41% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 2.28% | 7.05% | 0.94% |
Correlation
The correlation between BSCY and SPLB is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.94 |
The correlation between BSCY and SPLB has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSCY vs. SPLB — Risk / Return Rank
BSCY
SPLB
BSCY vs. SPLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and SPDR Portfolio Long Term Corporate Bond ETF (SPLB). 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.
| BSCY | SPLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.23 | +0.56 |
| Martin ratioReturn relative to average drawdown | 5.61 | 2.98 | +2.63 |
Loading charts...
Drawdowns
BSCY vs. SPLB - Drawdown Comparison
The maximum BSCY drawdown since its inception was -5.44%, smaller than the maximum SPLB drawdown of -34.46%. Use the drawdown chart below to compare losses from any high point for BSCY and SPLB.
Loading charts...
Drawdown Indicators
| BSCY | SPLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -34.46% | +29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -5.42% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.46% | — |
Current DrawdownCurrent decline from peak | -0.70% | -13.38% | +12.68% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -8.03% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.22% | -1.23% |
Volatility
BSCY vs. SPLB - Volatility Comparison
The current volatility for Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is 1.34%, while SPDR Portfolio Long Term Corporate Bond ETF (SPLB) has a volatility of 1.96%. This indicates that BSCY experiences smaller price fluctuations and is considered to be less risky than SPLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSCY | SPLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.96% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 5.93% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 7.94% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 12.69% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 12.95% | -7.36% |
BSCY vs. SPLB - Expense Ratio Comparison
BSCY has a 0.10% expense ratio, which is higher than SPLB'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%.
Dividends
BSCY vs. SPLB - Dividend Comparison
BSCY's dividend yield for the trailing twelve months is around 4.86%, less than SPLB's 5.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCY Invesco BulletShares 2034 Corporate Bond ETF | 4.86% | 4.79% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.30% | 5.25% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% |
Frequently Asked Questions
With a correlation of 0.94, BSCY and SPLB 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.
SPLB has higher volatility (1.96%) compared to BSCY (1.34%). In terms of maximum drawdown, BSCY dropped -5.44% vs SPLB's -34.46%.
On 1-year performance, SPLB leads with 6.62% vs 5.53% for BSCY. On fees, SPLB is cheaper at 0.07% per year. On volatility, BSCY has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPLB has performed better with a 6.62% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLB is cheaper with a 0.07% expense ratio, compared with 0.10% for BSCY.
SPLB has the higher dividend yield at 5.30%, compared with 4.86% for BSCY.
BSCY tracks Nasdaq BulletShares USD Corporate Bond 2034 Index, while SPLB tracks Bloomberg Barclays Long U.S. Corporate Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for BSCY and 0.07% for SPLB.
BSCY currently has the higher Sharpe Ratio (1.23 vs 0.84), 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.
Find the right allocation for BSCY and SPLB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer