BSCZ vs. VTC

Last updated Jun 24, 2026

BSCZ (Invesco BulletShares 2035 Corporate Bond ETF) and VTC (Vanguard Total Corporate Bond ETF) are both Corporate Bonds funds - BSCZ tracks the BulletShares® USD Corporate Bond 2035 Index while VTC tracks the Bloomberg U.S. Corporate Bond Index. Both are passively managed. Over the past year, BSCZ returned 5.27% vs 5.12% for VTC. With a 0.98 correlation, they move nearly in lockstep. BSCZ charges 0.10%/yr vs 0.03%/yr for VTC.

Performance

BSCZ vs. VTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Vanguard Total Corporate Bond ETF (VTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSCZ achieves a 0.26% return, which is significantly lower than VTC's 0.84% return.

BSCZ

• 1D: 0.10%
• 1M: 0.62%
• YTD: 0.26%
• 6M: 0.46%
• 1Y: 5.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTC

• 1D: 0.14%
• 1M: 0.79%
• YTD: 0.84%
• 6M: 0.89%
• 1Y: 5.12%
• 3Y*: 5.23%
• 5Y*: 0.35%
• 10Y*: —

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

BSCZ vs. VTC - Yearly Performance Comparison

	2026 (YTD)	2025
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	0.26%	5.67%
VTC Vanguard Total Corporate Bond ETF	0.84%	5.08%

Correlation

The correlation between BSCZ and VTC is 0.98 - 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	0.98
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.98

The correlation between BSCZ and VTC has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

BSCZ vs. VTC — Risk / Return Rank

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

BSCZ

BSCZ Risk / Return Rank: 32
BSCZ Sharpe Ratio Rank: 31
BSCZ Sortino Ratio Rank: 31
BSCZ Omega Ratio Rank: 29
BSCZ Calmar Ratio Rank: 35
BSCZ Martin Ratio Rank: 35

VTC

VTC Risk / Return Rank: 35
VTC Sharpe Ratio Rank: 34
VTC Sortino Ratio Rank: 35
VTC Omega Ratio Rank: 32
VTC Calmar Ratio Rank: 36
VTC Martin Ratio Rank: 37

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.

BSCZ vs. VTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) and Vanguard Total Corporate Bond ETF (VTC). 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.

	BSCZ	VTC	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.19	-0.13
Sortino ratio: Return per unit of downside risk	1.56	1.76	-0.20
Omega ratio: Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.62	1.79	-0.17
Martin ratio: Return relative to average drawdown	4.90	5.54	-0.65

BSCZ vs. VTC - Sharpe Ratio Comparison

The current BSCZ Sharpe Ratio is 1.06, which is comparable to the VTC Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of BSCZ and VTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSCZ vs. VTC - Drawdown Comparison

The maximum BSCZ drawdown since its inception was -3.28%, smaller than the maximum VTC drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for BSCZ and VTC.

Drawdown Indicators

	BSCZ	VTC	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-22.05%	+18.77%
Max Drawdown (1Y) Largest decline over 1 year	-3.28%	-2.88%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.05%	—
Current Drawdown Current decline from peak	-1.38%	-0.74%	-0.64%
Average Drawdown Average peak-to-trough decline	-0.78%	-5.81%	+5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.93%	+0.15%

Volatility

BSCZ vs. VTC - Volatility Comparison

Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) has a higher volatility of 1.41% compared to Vanguard Total Corporate Bond ETF (VTC) at 1.20%. This indicates that BSCZ's price experiences larger fluctuations and is considered to be riskier than VTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSCZ	VTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.20%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	3.82%	3.31%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	5.02%	4.34%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.00%	7.08%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	7.67%	-2.67%

BSCZ vs. VTC - Expense Ratio Comparison

BSCZ has a 0.10% expense ratio, which is higher than VTC's 0.03% 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

BSCZ vs. VTC - Dividend Comparison

BSCZ's dividend yield for the trailing twelve months is around 4.52%, less than VTC's 4.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	4.52%	2.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTC Vanguard Total Corporate Bond ETF	4.92%	4.76%	4.50%	3.80%	3.13%	2.36%	2.69%	3.34%	3.53%	0.55%

Frequently Asked Questions

Can I hold both BSCZ and VTC in my portfolio?

With a correlation of 0.98, BSCZ and VTC 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, BSCZ or VTC?

BSCZ has higher volatility (1.41%) compared to VTC (1.20%). In terms of maximum drawdown, BSCZ dropped -3.28% vs VTC's -22.05%.

Which ETF is better, BSCZ or VTC?

On 1-year performance, BSCZ leads with 5.27% vs 5.12% for VTC. On fees, VTC is cheaper at 0.03% per year. On volatility, VTC has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSCZ or VTC?

Over the 1-year period, BSCZ has performed better with a 5.27% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSCZ or VTC?

VTC is cheaper with a 0.03% expense ratio, compared with 0.10% for BSCZ.

Which ETF pays a higher dividend yield, BSCZ or VTC?

VTC has the higher dividend yield at 4.92%, compared with 4.52% for BSCZ.

What is the main difference between BSCZ and VTC?

BSCZ tracks BulletShares® USD Corporate Bond 2035 Index, while VTC tracks Bloomberg U.S. Corporate Bond Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for BSCZ and 0.03% for VTC.

Which has better risk-adjusted returns?

VTC currently has the higher Sharpe Ratio (1.19 vs 1.06), 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.