BSCT vs SPY
Invesco BulletShares 2029 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BSCT or SPY?
SPY has been ahead.
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 | BSCT | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $3.0B | $804.7B |
| Dividend Yield | 4.53% | 0.98% |
| Holdings | 466 | 505 |
| YTD Return | +0.32% | +12.09%Best |
| 1Y Return | +1.48% | +16.29%Best |
| 3Y Return (annualized) | +5.86% | +21.20%Best |
| 5Y Return (annualized) | +0.78% | +13.37%Best |
| Volatility (annualized) | 7.2%Best | 16.6% |
| Max Drawdown | -19.5%Best | -34.1% |
| $10,000 over 5 years | $10,396 | $18,728Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Sep 12, 2019 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 12, 2019 to Sep 18, 2026 (7 years).
BSCT 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 7 years both funds cover.
BSCT vs SPY Performance
Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 BSCT returned +1.48% while SPY returned +16.29%. Year to date, BSCT is up 0.32% versus a gain of 12.09% for SPY.
Over three years, BSCT compounded at +5.86% per year against +21.20% for SPY; over five years the annualized figures are +0.78% and +13.37% respectively. Across the full 7-year window we track, SPY has the edge at +15.34% annualized vs +1.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 7.2% for BSCT. 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 -19.5% for BSCT 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSCT 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, BSCT currently yields 4.53% against 0.98% for SPY.
Holdings Overlap
At least 2.1% of SPY's money is in holdings BSCT also owns.
Stated as a floor: for BSCT, our book for it covers 80.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and BSCT share little of their money.
4 positions in common, counted across the 397 positions we hold weights for in BSCT and 504 in SPY, against full books of 466 and 505.
You are not choosing between two funds in isolation.
Whichever of BSCT 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, BSCT or SPY?
BSCT 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, BSCT or SPY?
Over the past year BSCT returned +1.48% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), BSCT annualized +1.71% vs +15.34% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCT or SPY?
SPY has been the more volatile fund at 16.6% annualized versus 7.2% for BSCT. Worst drawdown: BSCT -19.5% vs SPY -34.1%.
Should I hold both BSCT and SPY?
BSCT and SPY have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BSCT and SPY?
At least 2.1% of SPY's money is in holdings BSCT also owns. Our book for BSCT is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 397 positions we hold weights for in BSCT and 504 in SPY.
Which pays a higher dividend, BSCT or SPY?
BSCT yields 4.53% while SPY yields 0.98%, so BSCT currently pays the higher dividend yield.
Is SPY better than BSCT?
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.