BSCZ vs SPY
Invesco BulletShares 2035 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 505 holdings.
Side-by-Side Comparison
| Metric | BSCZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $278M | $821.1B | |
| Dividend Yield | 4.62% | 1.01% | |
| Holdings | 315 | 505 | |
| YTD Return | -0.77% | +12.22% | |
| 1Y Return | +2.09% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 3.7% | 15.3% | |
| Max Drawdown | -3.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 11, 2025 | Jan 22, 1993 |
BSCZ vs SPY Performance
Invesco BulletShares 2035 Corporate Bond ETF (BSCZ) 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 BSCZ returned +2.09% while SPY returned +20.83%. Year to date, BSCZ is down 0.77% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSCZ 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, BSCZ currently yields 4.62% against 1.01% for SPY.
Holdings Overlap
BSCZ and SPY share 0 holdings out of 765 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 SPY?
BSCZ 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, BSCZ or SPY?
Over the past year BSCZ returned +2.09% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BSCZ annualized +3.98% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, BSCZ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.7% for BSCZ. Worst drawdown: BSCZ -3.3% vs SPY -56.5%.
Should I hold both BSCZ and SPY?
BSCZ and SPY have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSCZ and SPY?
BSCZ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 765 unique securities.
Which pays a higher dividend, BSCZ or SPY?
BSCZ yields 4.62% while SPY yields 1.01%, so BSCZ currently pays the higher dividend yield.
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