Data as of Oct 28, 2026.
APCB vs BSCS: Differences, Returns & Fees
APCB's duration was 4.1 years on Aug 31, 2026 and BSCS's 1.8 on May 31, 2026; BSCS charges 0.10% to APCB's 0.36%.
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Net assets: $1.0bn on Aug 31, 2026 for ActivePassive Core Bond ETF, and $3.5bn on Oct 27, 2026 for Invesco BulletShares 2028 Corporate Bond ETF.
Pair scorecard
BSCS costs 0.26 points a year less; their one-year returns differ by 3.8 points.
| Measure | APCB | BSCS |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | +2.4% |
| Benchmark | ||
| What it tracks | No index, actively managed | Invesco BulletShares USD Corporate Bond 2028 Index |
| Cost and size | ||
| Expense ratio | 0.36% | 0.10% |
| Net assets, APCB as of Aug 31, 2026 and BSCS as of Oct 27, 2026 | $1.0bn | $3.5bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returns · each against AGGBSCS returned more: +16.9% to +9.5%. BSCS swung less: 3.2% to 4.8%. BSCS fell less at its worst: −3.1% to −5.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | APCB | BSCS | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +9.5% | +16.9% | BSCS | Price change plus distributions, reinvested. | |
| Annualized | +2.6% | +4.6% | BSCS | Total return as a yearly rate. | |
| Price return | −4.7% | +0.2% | BSCS | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.8% | 3.2% | BSCS | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.5% | 2.2% | BSCS | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −5.4% | −3.1% | BSCS | Deepest fall from a high to the low after it. | |
| Upside capture | 90.1% | 58.1% | 100.0% | APCB | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 91.1% | 44.0% | 100.0% | BSCS | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.90 | 0.56 | 1.00 | BSCS lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.82 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.38 | 0.00 | BSCS | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.53 | 0.00 | BSCS | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.020 | 0.000 | −0.017 | BSCS | Return above Treasury bills per unit of beta. |
| Calmar | 0.49 | 1.51 | BSCS | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | −0.3% a year | +1.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.68 | 1.32 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.1% to +0.5% | −0.5% to +2.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.12 | 0.65 | BSCS | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.9% | 2.7% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 180 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, APCB and BSCS hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
APCB and BSCS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
APCB and BSCS are built for the same job. How do they differ in cost, holdings and results?
- What each follows. APCB follows No index, actively managed and BSCS follows Invesco BulletShares USD Corporate Bond 2028 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 APCB returned −1.4% and BSCS +2.4% with distributions reinvested, a gap of 3.8 points.
Data as of Oct 28, 2026.
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APCB
APCB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Total Return Index. The prospectus expense ratio is 0.36% a year.
BSCS
BSCS tracks an index. Over the year to Oct 28, 2026 it returned +2.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.
Questions people ask
- Which returned more over the last year, APCB or BSCS?
- In the year to Oct 28, 2026, with distributions reinvested, APCB returned −1.4% and BSCS +2.4%.
- Which is cheaper, APCB or BSCS?
- BSCS is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, APCB against BSCS, data as of Oct 28, 2026. https://etfiq.com/compare/any/apcb-vs-bscs
ETFIQ. (Oct 28, 2026). APCB against BSCS. Retrieved from https://etfiq.com/compare/any/apcb-vs-bscs
[APCB against BSCS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/apcb-vs-bscs)
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