BSCR vs SPY
Invesco BulletShares 2027 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BSCR or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. BSCR is less concentrated, with 6.9% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSCR | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $4.6B | $811.2B |
| Dividend Yield | 4.24% | 0.98% |
| Holdings | 975 | 1,515 |
| YTD Return | +2.21% | +13.54%Best |
| 1Y Return | +3.34% | +16.25%Best |
| 3Y Return (annualized) | +6.12% | +23.72%Best |
| 5Y Return (annualized) | +1.48% | +13.95%Best |
| Volatility (annualized) | 5.4%Best | 16.1% |
| Max Drawdown | -17.3%Best | -34.1% |
| $10,000 over 5 years | $10,762 | $19,212Best |
| Top 10 Weight | 6.9%Best | 38.2% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Sep 26, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 27, 2017 to Oct 2, 2026 (9 years).
BSCR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BSCR vs SPY Performance
Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BSCR returned +3.34% while SPY returned +16.25%. Year to date, BSCR is up 2.21% versus a gain of 13.54% for SPY.
Over three years, BSCR compounded at +6.12% per year against +23.72% for SPY; over five years the annualized figures are +1.48% and +13.95% respectively. Across the full 9-year window we track, SPY has the edge at +14.25% annualized vs +2.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 5.4% for BSCR. 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 -17.3% for BSCR and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSCR 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, BSCR currently yields 4.24% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 476 holdings in BSCR and 504 in SPY, totalling 98.3% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 476 positions we hold weights for in BSCR and 504 in SPY, against full books of 975 and 1,515.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for BSCR (99.2% of the fund), and 472 for BSCR that do not appear in SPY (98.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BSCR and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSCR or SPY?
BSCR has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, BSCR or SPY?
Over the past year BSCR returned +3.34% vs +16.25% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), BSCR annualized +2.00% vs +14.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCR or SPY?
SPY has been the more volatile fund at 16.1% annualized versus 5.4% for BSCR. Worst drawdown: BSCR -17.3% vs SPY -34.1%.
Should I hold both BSCR and SPY?
BSCR and SPY have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSCR or SPY?
BSCR yields 4.24% while SPY yields 0.98%, so BSCR currently pays the higher dividend yield.
Is SPY better than BSCR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. BSCR is less concentrated, with 6.9% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.