BSCW vs SPY
Invesco BulletShares 2032 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BSCW or SPY?
Long Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y 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 | BSCW | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $1.5B | $804.7B |
| Dividend Yield | 4.88% | 0.98% |
| Holdings | 317 | 505 |
| YTD Return | -1.22% | +12.22%Best |
| 1Y Return | -0.43% | +16.97%Best |
| 3Y Return (annualized) | +5.67% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 7.7%Best | 13.2% |
| Max Drawdown | -8.3%Best | -18.8% |
| $10,000 over 4 years | $12,054 | $20,006Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Long Term Bond | Large Cap Blend |
| Inception | Sep 8, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 8, 2022 to Sep 17, 2026 (4 years).
BSCW 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 4 years both funds cover.
BSCW vs SPY Performance
Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 BSCW returned -0.43% while SPY returned +16.97%. Year to date, BSCW is down 1.22% versus a gain of 12.22% for SPY.
Over three years, BSCW compounded at +5.67% per year against +21.16% for SPY. Across the full 4-year window we track, SPY has the edge at +18.93% annualized vs +4.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.2% 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 -18.8% 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 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSCW 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, BSCW currently yields 4.88% against 0.98% for SPY.
Holdings Overlap
At least 0.5% of SPY's money is in holdings BSCW also owns.
Stated as a floor: for BSCW, our book for it covers 87.1% 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 289 positions we hold weights for in BSCW and 504 in SPY, against full books of 317 and 505.
Top Shared Holdings
| Stock | Weight in BSCW | Weight in SPY | Difference |
|---|---|---|---|
| GEGeneral Electric Co 6.75% 03/15/2032 | 0.52% | 0.53% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of BSCW 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, BSCW or SPY?
BSCW 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, BSCW or SPY?
Over the past year BSCW returned -0.43% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), BSCW annualized +4.78% vs +18.93% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCW or SPY?
SPY has been the more volatile fund at 13.2% annualized versus 7.7% for BSCW. Worst drawdown: BSCW -8.3% vs SPY -18.8%.
Should I hold both BSCW and SPY?
BSCW and SPY have a monthly-return correlation of 0.58, 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, BSCW or SPY?
BSCW yields 4.88% while SPY yields 0.98%, so BSCW currently pays the higher dividend yield.
Is SPY better than BSCW?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.