APCB vs BSCT
ActivePassive Core Bond ETF vs Invesco BulletShares 2029 Corporate Bond ETF
Which is better, APCB or BSCT?
BSCT has been ahead.
BSCT has a lower expense ratio. BSCT led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APCB | BSCT |
|---|---|---|
| Expense Ratio | 0.36% | 0.10%Best |
| AUM | $989M | $3.1B |
| Dividend Yield | 4.44% | 4.59% |
| Holdings | 3,770 | 981 |
| YTD Return | -2.08% | +0.29%Best |
| 1Y Return | -1.94% | +1.06%Best |
| 3Y Return (annualized) | +3.95% | +6.23%Best |
| 5Y Return (annualized) | - | +0.98% |
| Volatility (annualized) | 5.2% | 4.2%Best |
| Max Drawdown | -6.4% | -5.0%Best |
| $10,000 over 3.4 years | $10,632 | $11,524Best |
| Fund Family | Envestnet Asset Management | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Sep 12, 2019 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
APCB vs BSCT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
APCB vs BSCT Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and Invesco BulletShares 2029 Corporate Bond ETF (BSCT) is an ETF from Invesco (US). Over the past year APCB returned -1.94% while BSCT returned +1.06%. Year to date, APCB is down 2.08% versus a gain of 0.29% for BSCT.
Over three years, APCB compounded at +3.95% per year against +6.23% for BSCT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
APCB has been the more volatile fund, with annualized monthly volatility of 5.2% compared with 4.2% for BSCT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.4% for APCB and -5.0% for BSCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while BSCT charges 0.10%. On a $10,000 position that is $36 vs $10 annually, a gap of $26 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 4.59% for BSCT.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 408 in BSCT, totalling 75.9% and 81.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 14 positions appear in both.
14 positions in common, counted across the 1,221 positions we hold weights for in APCB and 408 in BSCT, against full books of 3,770 and 981.
Top Shared Holdings
| Stock | Weight in APCB | Weight in BSCT | Difference |
|---|---|---|---|
| TMUS 3.375 04/15/29T-Mobile Usa I 3.375 4/29 | 0.03% | 0.52% | 0.49% |
| ET 5.25 04/15/29Energy Transfer Operating Lp | 0.04% | 0.35% | 0.31% |
| UNH 4.25 01/15/29Unitedhealth Grp 4.25 01/15/2029 | 0.06% | 0.28% | 0.22% |
| TOYOTA 4.45 06/29/29Toyota Motor Credit Corp | 0.13% | 0.19% | 0.06% |
| IQV 6.25 02/01/29Iqvia Inc 6.25% 01Feb2029 | 0.02% | 0.29% | 0.27% |
| TSN 4.35 03/01/29Tyson Foods Inc. | 0.03% | 0.23% | 0.20% |
| HCA 5.875 02/01/29Hca Inc 5.875% 01/02/2029 | 0.02% | 0.23% | 0.21% |
| INTC 4 08/05/29Intel Corp 4% 08/05/29 | 0.04% | 0.19% | 0.15% |
| ENBCN 5.3 04/05/29Enbridge Inc 5.3 2029-04-05 | 0.01% | 0.18% | 0.17% |
| RDN 6.2 05/15/29Radian Group Inc 6.200% May 15, 2029 | 0.04% | 0.15% | 0.11% |
You are not choosing between two funds in isolation.
Whichever of APCB and BSCT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APCB or BSCT?
APCB has an expense ratio of 0.36% while BSCT charges 0.10%. BSCT is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, APCB or BSCT?
Over the past year APCB returned -1.94% vs +1.06% for BSCT, so BSCT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or BSCT?
APCB has been the more volatile fund at 5.2% annualized versus 4.2% for BSCT. Worst drawdown: APCB -6.4% vs BSCT -5.0%.
Should I hold both APCB and BSCT?
APCB and BSCT have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APCB or BSCT?
APCB yields 4.44% while BSCT yields 4.59%, so BSCT currently pays the higher dividend yield.
Is BSCT better than APCB?
BSCT has a lower expense ratio. BSCT led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.