BSCS vs SCHD
Invesco BulletShares 2028 Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSCS offers more diversification with 430 holdings.
Side-by-Side Comparison
| Metric | BSCS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.06% | |
| AUM | $3.6B | $103.7B | |
| Dividend Yield | 4.46% | 3.31% | |
| Holdings | 469 | 104 | |
| YTD Return | +1.31% | +25.62% | |
| 1Y Return | +3.59% | +32.62% | |
| 3Y Return (annualized) | +5.85% | +15.58% | |
| 5Y Return (annualized) | +1.27% | +9.63% | |
| Volatility (annualized) | 6.5% | 13.6% | |
| Max Drawdown | -18.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Aug 9, 2018 | Oct 20, 2011 |
BSCS vs SCHD Performance
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BSCS returned +3.59% while SCHD returned +32.62%. Year to date, BSCS is up 1.31% versus a gain of 25.62% for SCHD.
Over three years, BSCS compounded at +5.85% per year against +15.58% for SCHD; over five years the annualized figures are +1.27% and +9.63% respectively. Across the full 8-year window we track, SCHD has the edge at +11.47% annualized vs +2.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCS charges 0.10% per year while SCHD charges 0.06%. On a $10,000 position that is $10 vs $6 annually, a gap of $4 per year that compounds over a long holding period. On income, BSCS currently yields 4.46% against 3.31% for SCHD.
Holdings Overlap
BSCS and SCHD share 0 holdings out of 530 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, BSCS or SCHD?
BSCS has an expense ratio of 0.10% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, BSCS or SCHD?
Over the past year BSCS returned +3.59% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), BSCS annualized +2.74% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, BSCS or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.5% for BSCS. Worst drawdown: BSCS -18.4% vs SCHD -33.4%.
Should I hold both BSCS and SCHD?
BSCS and SCHD have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCS and SCHD?
BSCS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, BSCS or SCHD?
BSCS yields 4.46% while SCHD yields 3.31%, so BSCS currently pays the higher dividend yield.
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