BSCP vs SPY
Invesco BulletShares 2025 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BSCP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $1.9B | $821.1B | |
| Dividend Yield | 3.83% | 1.01% | |
| Holdings | 50 | 505 | |
| YTD Return | +0.07% | +13.17% | |
| 1Y Return | -0.07% | +21.53% | |
| 3Y Return (annualized) | +0.83% | +22.06% | |
| 5Y Return (annualized) | -1.74% | +13.35% | |
| Volatility (annualized) | 4.1% | 15.3% | |
| Max Drawdown | -15.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 7, 2015 | Jan 22, 1993 |
BSCP vs SPY Performance
Invesco BulletShares 2025 Corporate Bond ETF (BSCP) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BSCP returned -0.07% while SPY returned +21.53%. Year to date, BSCP is up 0.07% versus a gain of 13.17% for SPY.
Over three years, BSCP compounded at +0.83% per year against +22.06% for SPY; over five years the annualized figures are -1.74% and +13.35% respectively. Across the full 10-year window we track, SPY has the edge at +8.82% annualized vs +0.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.1% for BSCP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.5% for BSCP and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCP charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, BSCP currently yields 3.83% against 1.01% for SPY.
Holdings Overlap
BSCP and SPY share 0 holdings out of 552 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BSCP or SPY?
BSCP has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, BSCP or SPY?
Over the past year BSCP returned -0.07% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), BSCP annualized +0.30% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, BSCP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.1% for BSCP. Worst drawdown: BSCP -15.5% vs SPY -56.5%.
Should I hold both BSCP and SPY?
BSCP and SPY have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCP and SPY?
BSCP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, BSCP or SPY?
BSCP yields 3.83% while SPY yields 1.01%, so BSCP currently pays the higher dividend yield.
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