BSCW vs SCHD
Invesco BulletShares 2032 Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSCW offers more diversification with 292 holdings.
Side-by-Side Comparison
| Metric | BSCW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.06% | |
| AUM | $1.5B | $103.7B | |
| Dividend Yield | 4.82% | 3.31% | |
| Holdings | 319 | 104 | |
| YTD Return | +0.02% | +25.62% | |
| 1Y Return | +2.84% | +32.62% | |
| 3Y Return (annualized) | +6.05% | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 7.7% | 13.6% | |
| Max Drawdown | -8.3% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 8, 2022 | Oct 20, 2011 |
BSCW vs SCHD Performance
Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 BSCW returned +2.84% while SCHD returned +32.62%. Year to date, BSCW is up 0.02% versus a gain of 25.62% for SCHD.
Over three years, BSCW compounded at +6.05% per year against +15.58% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.47% annualized vs +5.24%. 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 7.7% for BSCW. 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 -8.3% for BSCW 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCW 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, BSCW currently yields 4.82% against 3.31% for SCHD.
Holdings Overlap
BSCW and SCHD share 0 holdings out of 392 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, BSCW or SCHD?
BSCW 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, BSCW or SCHD?
Over the past year BSCW returned +2.84% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), BSCW annualized +5.24% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, BSCW or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.7% for BSCW. Worst drawdown: BSCW -8.3% vs SCHD -33.4%.
Should I hold both BSCW and SCHD?
BSCW and SCHD have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCW and SCHD?
BSCW and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 392 unique securities.
Which pays a higher dividend, BSCW or SCHD?
BSCW yields 4.82% while SCHD yields 3.31%, so BSCW currently pays the higher dividend yield.
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