BSCS vs IVV
Invesco BulletShares 2028 Corporate Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BSCS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $3.6B | $865.2B | |
| Dividend Yield | 4.46% | 1.09% | |
| Holdings | 469 | 508 | |
| YTD Return | +1.41% | +13.72% | |
| 1Y Return | +3.64% | +21.64% | |
| 3Y Return (annualized) | +5.88% | +21.55% | |
| 5Y Return (annualized) | +1.30% | +13.27% | |
| Volatility (annualized) | 6.5% | 15.1% | |
| Max Drawdown | -18.4% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 9, 2018 | May 15, 2000 |
BSCS vs IVV Performance
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BSCS returned +3.64% while IVV returned +21.64%. Year to date, BSCS is up 1.41% versus a gain of 13.72% for IVV.
Over three years, BSCS compounded at +5.88% per year against +21.55% for IVV; over five years the annualized figures are +1.30% and +13.27% respectively. Across the full 8-year window we track, IVV has the edge at +7.04% annualized vs +2.76%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.5% for BSCS. 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 -18.4% for BSCS and -56.5% for IVV. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCS charges 0.10% per year while IVV charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, BSCS currently yields 4.46% against 1.09% for IVV.
Holdings Overlap
BSCS and IVV share 1 holdings out of 934 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BSCS | Weight in IVV | Difference |
|---|---|---|---|
| PYPL | 0.15% | 0.08% | 0.07% |
Frequently Asked Questions
Which is cheaper, BSCS or IVV?
BSCS has an expense ratio of 0.10% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, BSCS or IVV?
Over the past year BSCS returned +3.64% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), BSCS annualized +2.76% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BSCS or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.5% for BSCS. Worst drawdown: BSCS -18.4% vs IVV -56.5%.
Should I hold both BSCS and IVV?
BSCS and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCS and IVV?
BSCS and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 934 unique securities.
Which pays a higher dividend, BSCS or IVV?
BSCS yields 4.46% while IVV yields 1.09%, so BSCS currently pays the higher dividend yield.
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