BSCT vs PAB
Invesco BulletShares 2029 Corporate Bond ETF vs PGIM Active Aggregate Bond ETF
Which is better, BSCT or PAB?
BSCT has been ahead.
BSCT has a lower expense ratio. BSCT led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | BSCT | PAB |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.19% |
| AUM | $3.1B | $98M |
| Dividend Yield | 4.59% | 5.50% |
| Holdings | 981 | 466 |
| YTD Return | +0.29%Best | -2.03% |
| 1Y Return | +1.06%Best | -1.81% |
| 3Y Return (annualized) | +6.23%Best | +4.98% |
| 5Y Return (annualized) | +0.98%Best | -0.45% |
| Volatility (annualized) | 6.3%Best | 6.4% |
| Max Drawdown | -19.1%Best | -19.3% |
| $10,000 over 5 years | $10,500Best | $9,777 |
| Fund Family | Invesco (US) | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Sep 12, 2019 | Apr 12, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Apr 15, 2021 to Oct 14, 2026 (5.5 years).
BSCT vs PAB 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 5.5 years both funds cover.
BSCT vs PAB Performance
Invesco BulletShares 2029 Corporate Bond ETF (BSCT) is an ETF from Invesco (US) and PGIM Active Aggregate Bond ETF (PAB) is an ETF from PGIM Investments. Over the past year BSCT returned +1.06% while PAB returned -1.81%. Year to date, BSCT is up 0.29% versus a loss of 2.03% for PAB.
Over three years, BSCT compounded at +6.23% per year against +4.98% for PAB; over five years the annualized figures are +0.98% and -0.45% respectively. Across the full 6-year window we track, BSCT has the edge at +1.20% annualized vs -0.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAB has been the more volatile fund, with annualized monthly volatility of 6.4% compared with 6.3% 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 -19.1% for BSCT and -19.3% for PAB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSCT charges 0.10% per year while PAB charges 0.19%. On a $10,000 position that is $10 vs $19 annually, a gap of $9 per year that compounds over a long holding period. On income, BSCT currently yields 4.59% against 5.50% for PAB.
Holdings Overlap
We hold position weights for 408 holdings in BSCT and 301 in PAB, totalling 81.7% and 64.9% 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, 6 positions appear in both.
6 positions in common, counted across the 408 positions we hold weights for in BSCT and 301 in PAB, against full books of 981 and 466.
Top Shared Holdings
| Stock | Weight in BSCT | Weight in PAB | Difference |
|---|---|---|---|
| F 5.113 05/03/29Ford Motor Credit Co Llc 5.113% 05/03/2029 | 0.35% | 0.25% | 0.10% |
| JBSSBZ 3 02/02/29Jbs Usa Holding Lux Sarl/ Jbs Usa Food Co/ Jbs Lux Co Sarl Corp. Note | 0.13% | 0.15% | 0.02% |
| WDAY 3.7 04/01/29Workday Inc 3.7 01/04/2029 | 0.17% | 0.02% | 0.15% |
| IEX 4.95 09/01/29Idex Corp 4.95 2029-09-01 | 0.12% | 0.07% | 0.05% |
| AJG 4.85 12/15/29Arthur J Gallagher Co Callable Notes Fixed 4.85% 4.85% 12/15/2029 | 0.17% | 0.01% | 0.16% |
| O 3.1 12/15/29Realty Income Corp Regd 3.10000000 | 0.13% | 0.03% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of BSCT and PAB 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, BSCT or PAB?
BSCT has an expense ratio of 0.10% while PAB charges 0.19%. BSCT is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, BSCT or PAB?
Over the past year BSCT returned +1.06% vs -1.81% for PAB, so BSCT leads on 1-year performance. Over the longest common window we track (6 years), BSCT annualized +1.20% vs -0.23% for PAB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSCT or PAB?
PAB has been the more volatile fund at 6.4% annualized versus 6.3% for BSCT. Worst drawdown: BSCT -19.1% vs PAB -19.3%.
Should I hold both BSCT and PAB?
BSCT and PAB have a monthly-return correlation of 0.93, 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, BSCT or PAB?
BSCT yields 4.59% while PAB yields 5.50%, so PAB currently pays the higher dividend yield.
Is PAB better than BSCT?
BSCT has a lower expense ratio. BSCT led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.