BSCZ vs SCHD
Invesco BulletShares 2035 Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSCZ offers more diversification with 261 holdings.
Side-by-Side Comparison
| Metric | BSCZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.06% | |
| AUM | $277M | $103.7B | |
| Dividend Yield | 4.51% | 3.31% | |
| Holdings | 315 | 104 | |
| YTD Return | -0.77% | +25.62% | |
| 1Y Return | +2.20% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 3.7% | 13.6% | |
| Max Drawdown | -3.3% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 11, 2025 | Oct 20, 2011 |
BSCZ vs SCHD Performance
Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) 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 BSCZ returned +2.20% while SCHD returned +32.62%. Year to date, BSCZ is down 0.77% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.7% for BSCZ. 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 -3.3% for BSCZ 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCZ 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, BSCZ currently yields 4.51% against 3.31% for SCHD.
Holdings Overlap
BSCZ and SCHD share 0 holdings out of 361 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, BSCZ or SCHD?
BSCZ 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, BSCZ or SCHD?
Over the past year BSCZ returned +2.20% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), BSCZ annualized +4.06% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, BSCZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.7% for BSCZ. Worst drawdown: BSCZ -3.3% vs SCHD -33.4%.
Should I hold both BSCZ and SCHD?
BSCZ and SCHD have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCZ and SCHD?
BSCZ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 361 unique securities.
Which pays a higher dividend, BSCZ or SCHD?
BSCZ yields 4.51% while SCHD yields 3.31%, so BSCZ currently pays the higher dividend yield.
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