BSCU vs SPY
Invesco BulletShares 2030 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BSCU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $2.7B | $821.1B | |
| Dividend Yield | 4.63% | 1.01% | |
| Holdings | 447 | 505 | |
| YTD Return | +0.58% | +14.24% | |
| 1Y Return | +2.82% | +21.71% | |
| 3Y Return (annualized) | +6.12% | +22.10% | |
| 5Y Return (annualized) | +0.38% | +13.21% | |
| Volatility (annualized) | 7.4% | 15.3% | |
| Max Drawdown | -22.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 16, 2020 | Jan 22, 1993 |
BSCU vs SPY Performance
Invesco BulletShares 2030 Corporate Bond ETF (BSCU) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BSCU returned +2.82% while SPY returned +21.71%. Year to date, BSCU is up 0.58% versus a gain of 14.24% for SPY.
Over three years, BSCU compounded at +6.12% per year against +22.10% for SPY; over five years the annualized figures are +0.38% and +13.21% respectively. Across the full 6-year window we track, SPY has the edge at +8.86% annualized vs +0.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.4% for BSCU. 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 -22.5% for BSCU and -56.5% for SPY. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCU 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, BSCU currently yields 4.63% against 1.01% for SPY.
Holdings Overlap
BSCU and SPY share 0 holdings out of 904 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, BSCU or SPY?
BSCU has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, BSCU or SPY?
Over the past year BSCU returned +2.82% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), BSCU annualized +0.34% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, BSCU or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.4% for BSCU. Worst drawdown: BSCU -22.5% vs SPY -56.5%.
Should I hold both BSCU and SPY?
BSCU and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCU and SPY?
BSCU and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 904 unique securities.
Which pays a higher dividend, BSCU or SPY?
BSCU yields 4.63% while SPY yields 1.01%, so BSCU currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.