BSCY vs SPY
Invesco BulletShares 2034 Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BSCY or SPY?
Investment Grade Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. BSCY is less concentrated, with 9.0% of the fund in its ten largest positions against 37.8%.
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 | BSCY | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $596M | $804.7B |
| Dividend Yield | 4.95% | 0.98% |
| Holdings | 296 | 505 |
| YTD Return | -1.72% | +12.09%Best |
| 1Y Return | -0.90% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 4.8%Best | 11.9% |
| Max Drawdown | -5.1%Best | -18.8% |
| $10,000 over 2.3 years | $11,036 | $14,528Best |
| Top 10 Weight | 9.0%Best | 37.8% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Investment Grade Bond | Large Cap Blend |
| Inception | Jun 12, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 12, 2024 to Sep 18, 2026 (2.3 years).
BSCY 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 2.3 years both funds cover.
BSCY vs SPY Performance
Invesco BulletShares 2034 Corporate Bond ETF (BSCY) 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 BSCY returned -0.90% while SPY returned +16.29%. Year to date, BSCY is down 1.72% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 4.8% 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 -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 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSCY 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, BSCY currently yields 4.95% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 289 holdings in BSCY and 504 in SPY, totalling 97.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 289 positions we hold weights for in BSCY and 504 in SPY, against full books of 296 and 505.
What only one of them owns
Measured across the 289 and 504 positions we hold weights for.
SPY holds 496 positions BSCY does not, 99.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
You are not choosing between two funds in isolation.
Whichever of BSCY 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, BSCY or SPY?
BSCY 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, BSCY or SPY?
Over the past year BSCY returned -0.90% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BSCY annualized +4.38% vs +17.63% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCY or SPY?
SPY has been the more volatile fund at 11.9% annualized versus 4.8% for BSCY. Worst drawdown: BSCY -5.1% vs SPY -18.8%.
Should I hold both BSCY and SPY?
BSCY and SPY have a monthly-return correlation of 0.43, 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, BSCY or SPY?
BSCY yields 4.95% while SPY yields 0.98%, so BSCY currently pays the higher dividend yield.
Is SPY better than BSCY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. BSCY is less concentrated, with 9.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.