Data as of Oct 28, 2026.

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BSCS vs USTB: Differences, Returns & Fees

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BSCS's duration was 1.8 years on May 31, 2026 and USTB's 1.9 on Jun 30, 2026; BSCS charges 0.10% to USTB's 0.34%.

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Net assets: $3.5bn on Oct 27, 2026 for Invesco BulletShares 2028 Corporate Bond ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.

At a glance
+2.4%
BSCS total return, 1 year
+2.7%
USTB total return, 1 year
0.10%
BSCS expense ratio
0.34%
USTB expense ratio

Pair scorecard

BSCS costs 0.24 points a year less; their one-year returns differ by 0.3 points.

BSCS vs USTB: Differences, Returns & Fees
MeasureBSCSUSTB
Return
Total return, 1 year+2.4%+2.7%
Benchmark
What it tracksInvesco BulletShares USD Corporate Bond 2028 IndexNo index, actively managed
Cost and size
Expense ratio0.10%0.34%
Net assets, BSCS as of Oct 27, 2026 and USTB as of Jun 30, 2026$3.5bn$2.2bn
Holdings
Holdings in common3%

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
BSCS USTB
Return
Total return edge USTB (slight) +33.6% +34.3%
Annualized edge Tie +3.6% +3.7%
Price return edge USTB +0.3% +1.0%
Risk
Volatility edge USTB 7.7% 2.2%
Max drawdown edge USTB −18.3% −5.2%
Risk-adjusted
Sharpe edge USTB 0.13 0.36
Sortino edge USTB 0.17 0.46
Calmar edge USTB 0.20 0.71
Reading

USTB returned slightly more: +34.3% to +33.6%. USTB swung less: 2.2% to 7.7%. USTB fell less at its worst: −5.2% to −18.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BSCS vs USTB: Differences, Returns & Fees
MeasureBSCSUSTBEdgeHow it is measured
Return
Total return+33.6%+34.3%USTB (slight)Price change plus distributions, reinvested.
Annualized+3.6%+3.7%TieTotal return as a yearly rate.
Price return+0.3%+1.0%USTBPrice change alone, distributions left out.
Risk
Volatility7.7%2.2%USTBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation5.8%1.8%USTBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−18.3%−5.2%USTBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.130.36USTBReturn above Treasury bills per unit of volatility.
Sortino0.170.46USTBReturn above Treasury bills per unit of downside deviation.
Calmar0.200.71USTBAnnualized return divided by the max drawdown.

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

3%

By the books each fund has filed, BSCS and USTB hold 3% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first BSCS USTB
B.A.T. International Finance PLC, due Mar 16, 2028 0.24% 0.23%
Salesforce, Inc., due Mar 15, 2028 0.83% 0.22%
Southwest Airlines Co., due Nov 15, 2028 0.18% 0.18%
American Honda Finance Corp., due Sep 1, 2028 0.16% 0.18%
Hewlett Packard Enterprise Co., due Sep 15, 2028 0.20% 0.16%
MGIC Investment Corp., due Aug 15, 2028 0.15% 0.22%
DTE Energy Co., due Jun 1, 2028 0.25% 0.14%
Honda Motor Co., Ltd., due Jul 8, 2028 0.17% 0.13%
AbbVie Inc., due Mar 3, 2028 0.35% 0.13%
Global Payments Inc., due Nov 15, 2028 0.41% 0.13%
HEICO Corp., due Aug 1, 2028 0.14% 0.11%
LKQ Corp., due Jun 15, 2028 0.19% 0.11%
Only in one fund ↓
Only in BSCS
CVS Health Corp., due Mar 25, 2028 1.18%
Cigna Group (The), due Oct 15, 2028 0.90%
Amgen Inc., due Mar 2, 2028 0.89%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Oct 29, 2028 0.86%
RTX Corp., due Nov 16, 2028 0.71%
Sprint Capital Corp., due Nov 15, 2028 0.62%
Citibank N.A., due Sep 29, 2028 0.61%
Amazon.com, Inc., due Nov 20, 2028 0.59%
Only in USTB
U S TREASURY NOTE, due Nov 15, 2027 1.75%
U S TREASURY NOTE, due Aug 31, 2030 1.57%
U S TREASURY NOTE, due Dec 31, 2028 1.38%
U S TREASURY NOTE, due Jan 31, 2031 1.25%
U S TREASURY NOTE, due Aug 15, 2029 1.00%
ANTERO RESOURCES CORP 0.98%
U S TREASURY NOTE, due Aug 31, 2027 0.75%
U S TREASURY NOTE, due Dec 15, 2026 0.68%
Check overlap with more funds →

Side by side

BSCS Invesco BulletShares 2028 Corporate Bond ETF USTB VictoryShares Short-Term Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index Actively managed
Total return, 1 year +2.4% +2.7%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark +3.8 pts vs AGG not measured
Expense ratio 0.10% 0.34%
Holdings 487 1034
Net assets, BSCS as of Oct 27, 2026 and USTB as of Jun 30, 2026 $3.5bn $2.2bn

BSCS and USTB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-4740F405FA

BSCS and USTB are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BSCS follows Invesco BulletShares USD Corporate Bond 2028 Index and USTB follows No index, actively managed.
  2. Holdings in common. 3% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
  3. Cost. BSCS charges 0.10% of assets a year and USTB 0.34%, a gap of 0.24 points.

Data as of Oct 28, 2026.

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About each fund
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.

USTB

USTB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested. The prospectus expense ratio is 0.34% a year.

Questions people ask

Which returned more over the last year, BSCS or USTB?
In the year to Oct 28, 2026, with distributions reinvested, BSCS returned +2.4% and USTB +2.7%.
Which is cheaper, BSCS or USTB?
BSCS is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BSCS against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bscs-vs-ustb

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