Data as of Oct 28, 2026.
BSCS vs SPIB: Differences, Returns & Fees
BSCS's duration was 1.8 years on May 31, 2026 and SPIB's 4.2 on Jun 30, 2026; SPIB charges 0.04% to BSCS's 0.10%.
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Net assets on Oct 27, 2026: $3.5bn for Invesco BulletShares 2028 Corporate Bond ETF and $11.6bn for State Street SPDR Portfolio Intermediate Term Corporate Bond ETF.
Pair scorecard
SPIB costs 0.06 points a year less; their one-year returns differ by 2.5 points; SPIB is 3.3 times larger.
| Measure | BSCS | SPIB |
|---|---|---|
| Return | ||
| Total return, 1 year | +2.4% | −0.1% |
| Benchmark | ||
| What it tracks | Invesco BulletShares USD Corporate Bond 2028 Index | Bloomberg U.S. Intermediate Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.10% | 0.04% |
| Net assets, as of Oct 27, 2026 | $3.5bn | $11.6bn |
| Holdings | ||
| Holdings in common | 8% | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Aug 17, 2018 to Oct 23, 2026 · 427 weekly returns · each against AGGBSCS returned more: +33.6% to +27.6%. SPIB swung less: 6.3% to 7.7%. SPIB fell less at its worst: −14.3% to −18.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BSCS | SPIB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +33.6% | +27.6% | BSCS | Price change plus distributions, reinvested. | |
| Annualized | +3.6% | +3.0% | BSCS | Total return as a yearly rate. | |
| Price return | +0.3% | −2.6% | BSCS | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 7.7% | 6.3% | SPIB | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.8% | 4.6% | SPIB | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.3% | −14.3% | SPIB | Deepest fall from a high to the low after it. | |
| Upside capture | 93.0% | 80.2% | 100.0% | BSCS | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 82.2% | 73.4% | 100.0% | SPIB | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.03 | 0.91 | 1.00 | SPIB lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.58 | 0.67 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.13 | 0.06 | BSCS | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.17 | 0.08 | BSCS | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.010 | 0.004 | −0.010 | BSCS | Return above Treasury bills per unit of beta. |
| Calmar | 0.20 | 0.21 | SPIB (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +2.1% a year | +1.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.18 | 1.00 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.4% to +5.5% | −1.2% to +3.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.40 | 0.37 | BSCS (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.0% | 3.7% | 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, 427 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BSCS and SPIB hold 8% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
8% in common
Only in one fund ↓
Side by side
BSCS and SPIB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BSCS and SPIB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BSCS follows Invesco BulletShares USD Corporate Bond 2028 Index and SPIB follows Bloomberg U.S. Intermediate Corporate Bond Index.
- Holdings in common. 8% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BSCS returned +2.4% and SPIB −0.1% with distributions reinvested, a gap of 2.5 points.
Data as of Oct 28, 2026.
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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.
SPIB
SPIB tracks an index. Over the year to Oct 28, 2026 it returned −0.1% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, BSCS or SPIB?
- In the year to Oct 28, 2026, with distributions reinvested, BSCS returned +2.4% and SPIB −0.1%.
- Which is cheaper, BSCS or SPIB?
- SPIB is cheaper, by 0.06 percentage points a year. That is about $6 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, BSCS against SPIB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bscs-vs-spib
ETFIQ. (Oct 28, 2026). BSCS against SPIB. Retrieved from https://etfiq.com/compare/any/bscs-vs-spib
[BSCS against SPIB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bscs-vs-spib)
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