SPSB vs. BSCR
SPSB (SPDR Portfolio Short Term Corporate Bond ETF) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - SPSB tracks the Bloomberg U.S. 1-3 Year Corporate Bond Index while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, SPSB returned 2.77%/yr vs 1.29%/yr for BSCR. Their 0.68 correlation means they have sometimes moved together and sometimes differently. SPSB charges 0.07%/yr vs 0.10%/yr for BSCR.
Performance
SPSB vs. BSCR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPSB achieves a 1.27% return, which is significantly lower than BSCR's 1.78% return.
SPSB
- 1D
- -0.07%
- 1M
- 0.03%
- 6M
- 0.90%
- YTD
- 1.27%
- 1Y
- 3.39%
- 3Y*
- 5.26%
- 5Y*
- 2.77%
- 10Y*
- 2.60%
- ALL TIME*
- 2.29%
BSCR
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.42%
- YTD
- 1.78%
- 1Y
- 3.86%
- 3Y*
- 5.40%
- 5Y*
- 1.29%
- 10Y*
- —
- ALL TIME*
- 3.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.43M | $10.64M | $11.91M | |
| $97.65M | $93.10M | $90.36M |
SPSB vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 1.27% | 5.86% | 5.25% | 5.60% | -3.31% | -0.20% | 3.83% | 5.21% | 1.45% | -0.05% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.78% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
Correlation
The correlation between SPSB and BSCR is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.68 |
The correlation between SPSB and BSCR shifts across timeframes, from 0.66 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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
SPSB vs. BSCR — Risk / Return Rank
SPSB
BSCR
SPSB vs. BSCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Invesco BulletShares 2027 Corporate Bond ETF (BSCR). 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.
| SPSB | BSCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 2.19 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 10.30 | -5.86 |
| Martin ratioReturn relative to average drawdown | 20.07 | 45.60 | -25.54 |
Loading charts...
Drawdowns
SPSB vs. BSCR - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum BSCR drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for SPSB and BSCR.
Loading charts...
Drawdown Indicators
| SPSB | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -17.26% | +5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.42% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -0.87% | -2.27% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -5.96% | -14.83% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -11.75% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | 0.00% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -3.28% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.09% | +0.10% |
Volatility
SPSB vs. BSCR - Volatility Comparison
SPDR Portfolio Short Term Corporate Bond ETF (SPSB) has a higher volatility of 0.39% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.14%. This indicates that SPSB's price experiences larger fluctuations and is considered to be riskier than BSCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPSB | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.14% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 0.60% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 0.99% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 4.07% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 5.30% | -2.24% |
SPSB vs. BSCR - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is lower than BSCR'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%.
Dividends
SPSB vs. BSCR - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.38%, more than BSCR's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.27% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.00% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
Frequently Asked Questions
SPSB and BSCR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPSB has higher volatility (0.39%) compared to BSCR (0.14%). In terms of maximum drawdown, SPSB dropped -11.75% vs BSCR's -17.26%.
On 5-year performance, SPSB leads with 2.77% vs 1.29% for BSCR. On fees, SPSB is cheaper at 0.07% per year. On volatility, BSCR has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPSB has performed better with a 2.77% return vs 1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPSB is cheaper with a 0.07% expense ratio, compared with 0.10% for BSCR.
BSCR has the higher dividend yield at 4.27%, compared with 4.00% for SPSB.
SPSB tracks Bloomberg U.S. 1-3 Year Corporate Bond Index, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.07% for SPSB and 0.10% for BSCR.
BSCR currently has the higher Sharpe Ratio (4.35 vs 2.82), 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 SPSB and BSCR
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