BSCS vs SPY
Invesco BulletShares 2028 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BSCS or SPY?
Long Term Mid Quality against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | BSCS | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $3.5B | $804.7B |
| Dividend Yield | 4.44% | 0.98% |
| Holdings | 474 | 505 |
| YTD Return | +1.14% | +10.96%Best |
| 1Y Return | +2.44% | +15.52%Best |
| 3Y Return (annualized) | +5.76% | +20.73%Best |
| 5Y Return (annualized) | +1.18% | +12.53%Best |
| Volatility (annualized) | 6.5%Best | 16.8% |
| Max Drawdown | -18.4%Best | -34.1% |
| $10,000 over 5 years | $10,604 | $18,044Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Long Term Mid Quality | Large Cap Blend |
| Inception | Aug 9, 2018 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 9, 2018 to Sep 16, 2026 (8.1 years).
BSCS 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 covers the 8.1 years both funds cover.
BSCS vs SPY Performance
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 BSCS returned +2.44% while SPY returned +15.52%. Year to date, BSCS is up 1.14% versus a gain of 10.96% for SPY.
Over three years, BSCS compounded at +5.76% per year against +20.73% for SPY; over five years the annualized figures are +1.18% and +12.53% respectively. Across the full 8-year window we track, SPY has the edge at +13.79% annualized vs +2.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.8% 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 -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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSCS 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, BSCS currently yields 4.44% against 0.98% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings BSCS also owns.
Stated as a floor: for BSCS, our book for it covers 86.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 420 positions we hold weights for in BSCS and 504 in SPY, against full books of 474 and 505.
Top Shared Holdings
| Stock | Weight in BSCS | Weight in SPY | Difference |
|---|---|---|---|
| PYPLPaypay Holdings, Inc. | 0.15% | 0.07% | 0.08% |
You are not choosing between two funds in isolation.
Whichever of BSCS 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, BSCS or SPY?
BSCS 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, BSCS or SPY?
Over the past year BSCS returned +2.44% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), BSCS annualized +2.68% vs +13.79% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCS or SPY?
SPY has been the more volatile fund at 16.8% annualized versus 6.5% for BSCS. Worst drawdown: BSCS -18.4% vs SPY -34.1%.
Should I hold both BSCS and SPY?
BSCS and SPY have a monthly-return correlation of 0.61, 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, BSCS or SPY?
BSCS yields 4.44% while SPY yields 0.98%, so BSCS currently pays the higher dividend yield.
Is SPY better than BSCS?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.