BSCW vs UCON: Differences, Returns & Fees

On May 31, 2026 BSCW's duration was 5.1 years and UCON's 4.4; BSCW charges 0.10% to UCON's 0.86%. Net assets on Oct 9, 2026: $1.5bn for Invesco BulletShares 2032 Corporate Bond ETF and $3.1bn for First Trust Smith Unconstrained Bond ETF.

BSCW costs 0.76 points a year less; their one-year returns differ by 0.4 points; UCON is 2.1 times larger.

BSCW vs UCON: Differences, Returns & Fees
BSCWUCON
Expense ratio0.10%0.86%
Net assets$1.5bn$3.1bn
Total return, 1 year−1.1%−0.7%
What it tracksInvesco BulletShares USD Corporate Bond 2032 IndexNo index, actively managed
Holdings in common0%
Below its high3.8%, high on Feb 27, 20263.2%, high on Jun 29, 2026

Holdings in common uses holdings dated May 31, 2026.

−1.1%
BSCW total return, 1 year
−0.7%
UCON total return, 1 year
0.10%
BSCW expense ratio
0.86%
UCON expense ratio

What they hold in common

By the books each fund has filed, BSCW and UCON hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding BSCW UCON
Leidos, Inc., due Mar 15, 2032 0.18% 0.15%
Pilgrim's Pride Corp., due Mar 1, 2032 0.29% 0.06%
Paramount Global, due May 19, 2032 0.31% 0.06%
Only in BSCW
Meta Platforms, Inc., due Nov 15, 2032 1.42%
Verizon Communications Inc., due Mar 15, 2032 1.38%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Jan 30, 2032 1.31%
Oracle Corp., due Sep 26, 2032 1.03%
Meta Platforms, Inc., due Aug 15, 2032 1.01%
Amazon.com, Inc., due Apr 13, 2032 0.85%
Sprint Capital Corp., due Mar 15, 2032 0.85%
Oracle Corp., due Nov 9, 2032 0.84%
Only in UCON
T 3.375 02/29/28, due Feb 29, 2028 2.33%
T 4.625 11/15/45, due Nov 15, 2045 2.13%
T 4.75 02/15/56, due Feb 15, 2056 2.12%
T 4.375 05/15/36, due May 15, 2036 1.69%
T 3.875 04/30/31, due Apr 30, 2031 1.18%
T 4.625 11/15/55, due Nov 15, 2055 1.04%
FN BM7755, due Jun 1, 2064 0.96%
BA 7.008 05/01/64, due May 1, 2064 0.81%

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On the same fields

BSCW
Invesco BulletShares 2032 Corporate Bond ETF
UCON
First Trust Smith Unconstrained Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index Actively managed
Total return, 1 year −1.1% −0.7%
Expense ratio 0.10% 0.86%
Holdings 327 453
Net assets $1.5bn $3.1bn

BSCW and UCON on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About BSCW

BSCW tracks an index. Over the year to Oct 9, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.10% a year. It sat 3.8% below its high of Feb 27, 2026 on Oct 9, 2026.

About UCON

UCON is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −0.7% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 3.2% below its high of Jun 29, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, BSCW or UCON?
In the year to Oct 9, 2026, with distributions reinvested, BSCW returned −1.1% and UCON −0.7%.
Which is cheaper, BSCW or UCON?
BSCW is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.
Cite this pageCitation, APA and Markdown

ETFIQ, BSCW against UCON, data as of Oct 9, 2026. https://etfiq.com/compare/any/bscw-vs-ucon

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.