Data as of Oct 28, 2026.
BSCS vs SPSB: Differences, Returns & Fees
BSCS's duration was 1.8 years on May 31, 2026 and SPSB's 1.8 on Jun 30, 2026; SPSB 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 $11.3bn for State Street SPDR Portfolio Short Term Corporate Bond ETF.
Pair scorecard
SPSB costs 0.06 points a year less; their one-year returns differ by 0.2 points; SPSB is 3.2 times larger.
| Measure | BSCS | SPSB |
|---|---|---|
| Return | ||
| Total return, 1 year | +2.4% | +2.2% |
| Benchmark | ||
| What it tracks | Invesco BulletShares USD Corporate Bond 2028 Index | Bloomberg U.S. 1-3 Year Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.10% | 0.04% |
| Net assets, as of Oct 27, 2026 | $3.5bn | $11.3bn |
| Holdings | ||
| Holdings in common | 26% | |
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 +27.0%. SPSB swung less: 4.1% to 7.7%. SPSB fell less at its worst: −9.9% to −18.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BSCS | SPSB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +33.6% | +27.0% | BSCS | Price change plus distributions, reinvested. | |
| Annualized | +3.6% | +3.0% | BSCS | Total return as a yearly rate. | |
| Price return | +0.3% | −1.8% | BSCS | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 7.7% | 4.1% | SPSB | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 5.8% | 2.9% | SPSB | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.3% | −9.9% | SPSB | Deepest fall from a high to the low after it. | |
| Upside capture | 93.0% | 35.9% | 100.0% | BSCS | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 82.2% | 25.6% | 100.0% | SPSB | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.03 | 0.47 | 1.00 | SPSB lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.58 | 0.42 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.13 | 0.05 | BSCS | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.17 | 0.06 | 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 | 0.30 | SPSB | 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 | +0.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.18 | 0.61 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.4% to +5.5% | −1.5% to +2.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.40 | 0.28 | BSCS | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.0% | 4.3% | 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 SPSB hold 26% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
26% in common
Only in one fund ↓
Side by side
BSCS and SPSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BSCS and SPSB 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 SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
- Holdings in common. 26% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- Number of holdings. BSCS holds 487 positions and SPSB holds 1684.
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.
SPSB
SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% 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 SPSB?
- In the year to Oct 28, 2026, with distributions reinvested, BSCS returned +2.4% and SPSB +2.2%.
- Which is cheaper, BSCS or SPSB?
- SPSB 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 SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bscs-vs-spsb
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[BSCS against SPSB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bscs-vs-spsb)
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