BSCS vs FIXD
Invesco BulletShares 2028 Corporate Bond ETF vs First Trust Smith Opportunistic Fixed Income ETF
Which is better, BSCS or FIXD?
BSCS has been ahead.
BSCS has a lower expense ratio. BSCS led over 1Y, 3Y, 5Y and the full window.
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 | BSCS | FIXD |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.65% |
| AUM | $3.5B | $2.9B |
| Dividend Yield | 4.47% | 4.97% |
| Holdings | 971 | 421 |
| YTD Return | +1.26%Best | -2.78% |
| 1Y Return | +2.24%Best | -2.86% |
| 3Y Return (annualized) | +6.13%Best | +4.40% |
| 5Y Return (annualized) | +1.33%Best | -1.19% |
| Volatility (annualized) | 6.5% | 6.2%Best |
| Max Drawdown | -18.4%Best | -21.8% |
| $10,000 over 5 years | $10,683Best | $9,419 |
| Fund Family | Invesco (US) | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Mid Quality | Long Term Mid Quality |
| Inception | Aug 9, 2018 | Feb 14, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 9, 2018 to Oct 14, 2026 (8.2 years).
BSCS vs FIXD 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 8.2 years both funds cover.
BSCS vs FIXD Performance
Invesco BulletShares 2028 Corporate Bond ETF (BSCS) is an ETF from Invesco (US) and First Trust Smith Opportunistic Fixed Income ETF (FIXD) is an ETF from First Trust Portfolios (US). Over the past year BSCS returned +2.24% while FIXD returned -2.86%. Year to date, BSCS is up 1.26% versus a loss of 2.78% for FIXD.
Over three years, BSCS compounded at +6.13% per year against +4.40% for FIXD; over five years the annualized figures are +1.33% and -1.19% respectively. Across the full 8-year window we track, BSCS has the edge at +2.68% annualized vs +0.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BSCS has been the more volatile fund, with annualized monthly volatility of 6.5% compared with 6.2% for FIXD. 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 -18.4% for BSCS and -21.8% for FIXD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSCS charges 0.10% per year while FIXD charges 0.65%. On a $10,000 position that is $10 vs $65 annually, a gap of $55 per year that compounds over a long holding period. On income, BSCS currently yields 4.47% against 4.97% for FIXD.
Holdings Overlap
We hold position weights for 415 holdings in BSCS and 1 in FIXD, totalling 84.9% and 0.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 415 positions we hold weights for in BSCS and 1 in FIXD, against full books of 971 and 421.
You are not choosing between two funds in isolation.
Whichever of BSCS and FIXD 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, BSCS or FIXD?
BSCS has an expense ratio of 0.10% while FIXD charges 0.65%. BSCS is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, BSCS or FIXD?
Over the past year BSCS returned +2.24% vs -2.86% for FIXD, so BSCS leads on 1-year performance. Over the longest common window we track (8 years), BSCS annualized +2.68% vs +0.43% for FIXD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCS or FIXD?
BSCS has been the more volatile fund at 6.5% annualized versus 6.2% for FIXD. Worst drawdown: BSCS -18.4% vs FIXD -21.8%.
Should I hold both BSCS and FIXD?
BSCS and FIXD have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSCS or FIXD?
BSCS yields 4.47% while FIXD yields 4.97%, so FIXD currently pays the higher dividend yield.
Is FIXD better than BSCS?
BSCS has a lower expense ratio. BSCS led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.