Data as of Oct 28, 2026.
BSCV vs LQD: Differences, Returns & Fees
BSCV's duration was 4.4 years on May 31, 2026 and LQD's 7.7 on Aug 31, 2026; BSCV charges 0.10% to LQD's 0.14%.
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Net assets on Oct 27, 2026: $1.9bn for Invesco BulletShares 2031 Corporate Bond ETF and $30.6bn for iShares iBoxx $ Investment Grade Corporate Bond ETF.
Pair scorecard
BSCV costs 0.04 points a year less; their one-year returns differ by 2.8 points; LQD is 16.1 times larger.
| Measure | BSCV | LQD |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.6% | −3.4% |
| Drawdown | ||
| Below its high | 6.3%, high on Sep 22, 2021 | |
| Benchmark | ||
| What it tracks | Invesco BulletShares USD Corporate Bond 2031 Index | Markit iBoxx USD Liquid Investment Grade Index |
| Cost and size | ||
| Expense ratio | 0.10% | 0.14% |
| Net assets, as of Oct 27, 2026 | $1.9bn | $30.6bn |
| Holdings | ||
| Holdings in common | 6% | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Sep 24, 2021 to Oct 23, 2026 · 265 weekly returnsEach against its own benchmark: BSCV against AGG, Sep 24, 2021 to Oct 23, 2026; LQD against IUSB, Jun 20, 2014 to Oct 23, 2026.
BSCV returned more: −0.5% to −5.6%. BSCV swung less: 7.1% to 8.3%. BSCV fell slightly less at its worst: −22.3% to −24.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BSCV | LQD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −0.5% | −5.6% | BSCV | Price change plus distributions, reinvested. |
| Annualized | −0.1% | −1.1% | BSCV | Total return as a yearly rate. |
| Price return | −20.1% | −23.0% | BSCV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 7.1% | 8.3% | BSCV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 5.3% | 6.3% | BSCV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.3% | −24.3% | BSCV (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 115.2% | 157.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 109.3% | 143.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.16 | 1.70 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.91 | 0.84 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.53 | −0.56 | BSCV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | −0.70 | −0.74 | BSCV (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.032 | 0.005 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.00 | −0.05 | BSCV | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | AGG | IUSB | The ETF each fund is measured against. | |
| Alpha | +1.0% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.02 | 0.64 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.9% to +2.9% | −1.4% to +2.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.14 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.3% | 5.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 265 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BSCV and LQD hold 6% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
6% in common
Only in one fund ↓
Side by side
BSCV and LQD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BSCV and LQD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BSCV follows Invesco BulletShares USD Corporate Bond 2031 Index and LQD follows Markit iBoxx USD Liquid Investment Grade Index.
- Holdings in common. 6% of the weight is in the same securities (holdings dated May 31, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BSCV returned −0.6% and LQD −3.4% with distributions reinvested, a gap of 2.8 points.
Data as of Oct 28, 2026.
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BSCV
BSCV tracks an index. Over the year to Oct 28, 2026 it returned −0.6% 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.
LQD
LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BSCV or LQD?
- In the year to Oct 28, 2026, with distributions reinvested, BSCV returned −0.6% and LQD −3.4%.
- Which is cheaper, BSCV or LQD?
- BSCV is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BSCV against LQD, data as of Oct 28, 2026. https://etfiq.com/compare/any/bscv-vs-lqd
ETFIQ. (Oct 28, 2026). BSCV against LQD. Retrieved from https://etfiq.com/compare/any/bscv-vs-lqd
[BSCV against LQD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bscv-vs-lqd)
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