SPLB vs. BSCQ

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ).

SPLB and BSCQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays Long U.S. Corporate Index. It was launched on Mar 10, 2009. BSCQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2026 Index. It was launched on Sep 14, 2016. Both SPLB and BSCQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPLB vs. BSCQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ). The values are adjusted to include any dividend payments, if applicable.

SPLB vs. BSCQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPLB SPDR Portfolio Long Term Corporate Bond ETF	-0.71%	7.05%	-1.74%	11.20%	-25.68%	-1.99%	13.47%	23.49%	-7.35%	12.26%
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	0.79%	5.02%	4.86%	5.71%	-8.31%	-1.68%	9.41%	13.94%	-2.40%	5.93%

Returns By Period

In the year-to-date period, SPLB achieves a -0.71% return, which is significantly lower than BSCQ's 0.79% return.

SPLB

• 1D: 0.77%
• 1M: -3.01%
• YTD: -0.71%
• 6M: -1.36%
• 1Y: 3.79%
• 3Y*: 3.08%
• 5Y*: -1.80%
• 10Y*: 2.39%

BSCQ

• 1D: 0.10%
• 1M: 0.23%
• YTD: 0.79%
• 6M: 1.92%
• 1Y: 4.50%
• 3Y*: 4.75%
• 5Y*: 1.59%
• 10Y*: —

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

SPLB vs. BSCQ - Expense Ratio Comparison

SPLB has a 0.07% expense ratio, which is lower than BSCQ's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

BSCQ

Invesco BulletShares 2026 Corporate Bond ETF

SPLB

SPDR Portfolio Long Term Corporate Bond ETF

Return for Risk

SPLB vs. BSCQ — Risk / Return Rank

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

SPLB

SPLB Risk / Return Rank: 25
SPLB Sharpe Ratio Rank: 24
SPLB Sortino Ratio Rank: 22
SPLB Omega Ratio Rank: 21
SPLB Calmar Ratio Rank: 33
SPLB Martin Ratio Rank: 25

BSCQ

BSCQ Risk / Return Rank: 99
BSCQ Sharpe Ratio Rank: 99
BSCQ Sortino Ratio Rank: 99
BSCQ Omega Ratio Rank: 99
BSCQ Calmar Ratio Rank: 99
BSCQ Martin Ratio Rank: 99

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.

SPLB vs. BSCQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ). 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.

	SPLB	BSCQ	Difference
Sharpe ratio Return per unit of total volatility	0.38	5.39	-5.02
Sortino ratio Return per unit of downside risk	0.57	9.14	-8.57
Omega ratio Gain probability vs. loss probability	1.08	2.82	-1.75
Calmar ratio Return relative to maximum drawdown	0.78	10.98	-10.19
Martin ratio Return relative to average drawdown	1.80	73.48	-71.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPLB vs. BSCQ - Sharpe Ratio Comparison

The current SPLB Sharpe Ratio is 0.38, which is lower than the BSCQ Sharpe Ratio of 5.39. The chart below compares the historical Sharpe Ratios of SPLB and BSCQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPLB	BSCQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	5.39	-5.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.48	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.59	-0.15

Correlation

The correlation between SPLB and BSCQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPLB vs. BSCQ - Dividend Comparison

SPLB's dividend yield for the trailing twelve months is around 5.37%, more than BSCQ's 4.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPLB SPDR Portfolio Long Term Corporate Bond ETF	5.37%	5.25%	5.20%	4.60%	4.53%	3.00%	3.01%	3.79%	4.50%	4.06%	4.34%	4.70%
BSCQ Invesco BulletShares 2026 Corporate Bond ETF	4.15%	4.14%	4.05%	3.53%	2.54%	1.91%	2.42%	2.96%	3.32%	2.92%	0.51%	0.00%

Drawdowns

SPLB vs. BSCQ - Drawdown Comparison

The maximum SPLB drawdown since its inception was -34.46%, which is greater than BSCQ's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for SPLB and BSCQ.

Drawdown Indicators

	SPLB	BSCQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.46%	-16.50%	-17.96%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-0.41%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	-34.46%	-13.02%	-21.44%
Max Drawdown (10Y) Largest decline over 10 years	-34.46%	—	—
Current Drawdown Current decline from peak	-15.92%	0.00%	-15.92%
Average Drawdown Average peak-to-trough decline	-7.93%	-2.90%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	0.06%	+2.30%

Volatility

SPLB vs. BSCQ - Volatility Comparison

SPDR Portfolio Long Term Corporate Bond ETF (SPLB) has a higher volatility of 4.02% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.22%. This indicates that SPLB's price experiences larger fluctuations and is considered to be riskier than BSCQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPLB	BSCQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	0.22%	+3.80%
Volatility (6M) Calculated over the trailing 6-month period	5.67%	0.45%	+5.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	0.84%	+9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.74%	3.32%	+9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	4.81%	+8.14%