BSCY vs SCHD
Invesco BulletShares 2034 Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSCY offers more diversification with 290 holdings.
Side-by-Side Comparison
| Metric | BSCY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.06% | |
| AUM | $552M | $103.7B | |
| Dividend Yield | 4.88% | 3.31% | |
| Holdings | 297 | 104 | |
| YTD Return | -0.40% | +25.33% | |
| 1Y Return | +2.62% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 4.7% | 13.6% | |
| Max Drawdown | -5.1% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 12, 2024 | Oct 20, 2011 |
BSCY vs SCHD Performance
Invesco BulletShares 2034 Corporate Bond ETF (BSCY) 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 BSCY returned +2.62% while SCHD returned +32.31%. Year to date, BSCY is down 0.40% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.7% for BSCY. 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 -5.1% for BSCY 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCY 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, BSCY currently yields 4.88% against 3.31% for SCHD.
Holdings Overlap
BSCY and SCHD share 1 holdings out of 389 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BSCY | Weight in SCHD | Difference |
|---|---|---|---|
| DVN | 0.19% | 1.31% | 1.12% |
Frequently Asked Questions
Which is cheaper, BSCY or SCHD?
BSCY 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, BSCY or SCHD?
Over the past year BSCY returned +2.62% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), BSCY annualized +5.25% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, BSCY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.7% for BSCY. Worst drawdown: BSCY -5.1% vs SCHD -33.4%.
Should I hold both BSCY and SCHD?
BSCY and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCY and SCHD?
BSCY and SCHD share 1 common holdings with a 0.2% weight overlap. Combined, they hold 389 unique securities.
Which pays a higher dividend, BSCY or SCHD?
BSCY yields 4.88% while SCHD yields 3.31%, so BSCY currently pays the higher dividend yield.
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