BSCY vs SPY
Invesco BulletShares 2034 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 | BSCY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $552M | $789.1B | |
| Dividend Yield | 4.88% | 1.01% | |
| Holdings | 297 | 505 | |
| YTD Return | -0.01% | +14.47% | |
| 1Y Return | +2.53% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 4.7% | 15.3% | |
| Max Drawdown | -5.1% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 12, 2024 | Jan 22, 1993 |
BSCY vs SPY Performance
Invesco BulletShares 2034 Corporate Bond ETF (BSCY) 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 BSCY returned +2.53% while SPY returned +21.96%. Year to date, BSCY is down 0.01% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
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 4.88% against 1.01% for SPY.
Holdings Overlap
BSCY and SPY share 1 holdings out of 792 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BSCY | Weight in SPY | Difference |
|---|---|---|---|
| DVN | 0.19% | 0.07% | 0.12% |
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. On a $10,000 investment, that is $1 per year of difference.
Which performed better, BSCY or SPY?
Over the past year BSCY returned +2.53% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BSCY annualized +5.42% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, BSCY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.7% for BSCY. Worst drawdown: BSCY -5.1% vs SPY -56.5%.
Should I hold both BSCY and SPY?
BSCY and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCY and SPY?
BSCY and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 792 unique securities.
Which pays a higher dividend, BSCY or SPY?
BSCY yields 4.88% while SPY yields 1.01%, so BSCY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.