BSCV vs SPY
Invesco BulletShares 2031 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 503 holdings.
Side-by-Side Comparison
| Metric | BSCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $1.8B | $789.1B | |
| Dividend Yield | 4.68% | 1.01% | |
| Holdings | 408 | 505 | |
| YTD Return | +0.21% | +13.68% | |
| 1Y Return | +2.68% | +21.53% | |
| 3Y Return (annualized) | +6.22% | +21.44% | |
| 5Y Return (annualized) | +0.02% | +13.18% | |
| Volatility (annualized) | 8.4% | 15.3% | |
| Max Drawdown | -23.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 15, 2021 | Jan 22, 1993 |
BSCV vs SPY Performance
Invesco BulletShares 2031 Corporate Bond ETF (BSCV) 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 BSCV returned +2.68% while SPY returned +21.53%. Year to date, BSCV is up 0.21% versus a gain of 13.68% for SPY.
Over three years, BSCV compounded at +6.22% per year against +21.44% for SPY; over five years the annualized figures are +0.02% and +13.18% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +0.02%. 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 8.4% for BSCV. 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 -23.3% for BSCV 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSCV 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, BSCV currently yields 4.68% against 1.01% for SPY.
Holdings Overlap
BSCV and SPY share 0 holdings out of 829 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, BSCV or SPY?
BSCV 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, BSCV or SPY?
Over the past year BSCV returned +2.68% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), BSCV annualized +0.02% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BSCV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.4% for BSCV. Worst drawdown: BSCV -23.3% vs SPY -56.5%.
Should I hold both BSCV and SPY?
BSCV and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCV and SPY?
BSCV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 829 unique securities.
Which pays a higher dividend, BSCV or SPY?
BSCV yields 4.68% while SPY yields 1.01%, so BSCV currently pays the higher dividend yield.
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