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BSCA vs VBCA

INVESCO BULLETSHARES 2036 CORPORATE BOND ETF

BSCADNasdaq

Vanguard Target Maturity 2027 Corporate Bond ETF

VBCAANasdaq

Overlap

No data

Expense ratio

VBCA −0.02pt a year

BSCA0.10%VBCA0.08%

Avg volume · 30D

BSCA 3.7×the volume

BSCA56.5KVBCA15.4K

BSCA vs VBCA Performance

Aug 7, 2026 – Nov 9, 2026

−0.9%BSCA+0.8%VBCA

Aug 7, 2026 to Nov 9, 2026. BSCA −0.9%. VBCA +0.8%. Use the arrow keys to read each point.−4%−3%−2%0%Aug 2026Sep 2026Nov 2026
Expense ratio
BSCA 0.10%
VBCA 0.08%, better
Fund size
BSCA $44M
VBCA $65M
Holdings
BSCA 265
VBCA 622
Avg volume (30D)
BSCA 56.5K sh, better
VBCA 15.4K sh
NAV per share
BSCA $19.36
VBCA $75.33
52W range

ETF.net Grade

BSCA: Cost 50, Risk 17, Mission not scored, Tradability 33, Holdings 38, Durability 16. VBCA: Cost 89, Risk 60, Mission 100, Tradability 34, Holdings 82, Durability 51.
Pillar letters and Scores for BSCA, VBCA, with each pillar’s weight
PillarBSCAVBCA
Cost30% weightC50A89Higher
Mission25% weightNot scoredA100
Risk15% weightF17B60Higher
Tradability15% weightD33D34Higher
Holdings10% weightD38A82Higher
Durability5% weightF16C51Higher

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BSCA and VBCA are both graded against the same 42 Defined-Maturity Investment Grade Corporate funds, so their Grades compare head to head.

Defined-Maturity Investment Grade Corporate⁠

Category · 42 funds
See all 42 ›

VBCA ranks 4th and BSCA 38th of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

  1. Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 81
  2. Rank 2AVBCCVanguard Target Maturity 2029 Corporate Bond ETFScore 78
  3. Rank 3AIBDTiShares iBonds Dec 2028 Term Corporate ETFScore 77
  4. Rank 4AVBCAVanguard Target Maturity 2027 Corporate Bond ETFScore 76
  5. Rank 5AVBCDVanguard Target Maturity 2030 Corporate Bond ETFScore 75
  6. Rank 37DMYCOState Street My2035 Corporate Bond ETFScore 37
  7. Rank 38DBSCAINVESCO BULLETSHARES 2036 CORPORATE BOND ETFScore 36
  8. Rank 39DMYCHState Street My2028 Corporate Bond ETFScore 35

Our read on each fund

ETF.net Research

BSCADINVESCO BULLETSHARES 2036 CORPORATE BOND ETF

VBCAAVanguard Target Maturity 2027 Corporate Bond ETF

In short

BSCA The far rung of Invesco's BulletShares ladder: a couple hundred investment-grade corporate bonds that all effectively mature in 2036, inside a fund that winds up and pays out cash on or about December 15, 2036.

VBCA Vanguard showed up late to the bond-ladder aisle and priced it accordingly: one rung of investment-grade corporate bonds, all maturing in 2027, wrapped in an ETF at 0.08%.

Stated mandate

BSCA The fund seeks to track a portfolio of U.S.-dollar-denominated, investment-grade corporate bonds that mature effectively in 2036.

VBCA The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2027.

Why people hold it

  • BSCA Real end date: the fund terminates on or about December 15, 2036 and pays its net assets out in cash, giving a maturity date most bond funds never offer.sec.gov
  • Fee runs 0.10%, level with the typical target-maturity corporate bond ETF and the same sticker Invesco puts on shorter rungs like BSCR.
  • Callable bonds are slotted by effective maturity (when the issuer is likely to call), so the basket is built around cash coming back near the target year.sec.gov
  • A ladder piece by design: stack several BulletShares years and you set your own rungs, with this one marking the roughly ten-year end of the line.sec.gov
  • VBCA At 0.08%, it undercuts the target-maturity norm, where iShares iBonds and Invesco BulletShares rungs run 0.10%.
  • Its bonds are scheduled to mature between January 1 and December 15, 2027, and the index has a planned liquidation around that date, so duration winds down instead of resetting forever.sec.gov
  • Market-weighted and investment-grade only: a single maturity year spread across the US corporate market rather than a handful of hand-picked bonds.
  • Stands among the stronger implementations in a crowded target-maturity group, on cost and portfolio discipline.

Worth knowing

  • BSCA The final payout is whatever the portfolio is worth. Invesco states the fund does not seek to distribute any predetermined amount of cash at maturity.sec.gov
  • A 2036 bullet carries about a decade of interest-rate and corporate credit exposure before that cash distribution arrives.
  • Launched in 2026, it is still small and thinly traded next to the long-established short rungs, so bid-ask spreads can run wider.
  • VBCA Launched in 2026 and still small, it trades thinly; spreads can be wider than on established bond ETFs.
  • Corporate credit, not Treasuries: downgrades and defaults come with the territory. Treasury-only rungs such as IBTJ sidestep that risk.
  • Short operating history, so there is limited data so far on how closely it tracks its index.

Full BSCA profile⁠

Full VBCA profile⁠

BSCA vs VBCA Holdings

How BSCA and VBCA differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile87.4%
  • Asset classBonds100%

Sector

No Sector split for BSCA.

Country, concentration and asset class

Country by domicile

Country weights in BSCA and VBCA, widest gap first
CountryMore in BSCAMore in VBCAGap
United StatesBSCA +11.4 points
United KingdomVBCA +3.6 points
CanadaVBCA +3.4 points
JapanVBCA +2.2 points
AustraliaVBCA +1.5 points
LuxembourgBSCA +1.0 points
Other countries (9)VBCA +1.7 points

Concentration

Weight in the 10 largest Holdings

  • BSCA16.8%
  • VBCA5.7%

Securities held

  • BSCA263
  • VBCA618

Asset class

BSCA
Bonds
VBCA
Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSCA holds 263 securities, VBCA 618.

All 264 BSCA holdings⁠All 618 VBCA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BSCA vs VBCA Cost

Overpaying BSCA vs VBCA

$417

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BSCA 0.10%

    $2,106

  • VBCA 0.08%

    $1,689

$10,000
30 years

Cost over time

  • BSCA 0.10%
  • VBCA 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530BSCA $2,106VBCA $1,689

Year by year

YearBSCAVBCAOverpaying
10$183$147$36
20$717$575$142
30$2,106$1,689$417

Expense ratio

  • 0.10%BSCA
  • 0.08%VBCA, cheaper
  • Middle half of Defined-Maturity Investment Grade Corporate funds
  • Median 0.10%

VBCA cheapest of 42 funds

BSCA 11th cheapest of 42 funds

BSCA vs VBCA Dividends

Last 12 months to Nov 9, 2026
Last payment
BSCA $0.08
VBCA $0.25
Ex-dividend
BSCA Oct 19, 2026
VBCA Nov 2, 2026
Paid on
BSCA Oct 23, 2026
VBCA Nov 4, 2026
Frequency
BSCA Monthly
VBCA Monthly

Distribution history

Per share, 2026, same scale for both

BSCAMonthly · 4 paymentsAll BSCA payments⁠
One bar per payment. 4 payments in 2026 YTD. Jul 20, 2026 $0.12; Aug 24, 2026 $0.09; Sep 21, 2026 $0.09; Oct 19, 2026 $0.08. Use the arrow keys to read each point.$0$0.252026YTD
VBCAMonthly · 7 paymentsAll VBCA payments⁠
One bar per payment. 7 payments in 2026 YTD. May 1, 2026 $0.08; Jun 1, 2026 $0.24; Jul 1, 2026 $0.24; Aug 3, 2026 $0.25; Sep 1, 2026 $0.25; Oct 1, 2026 $0.24; Nov 2, 2026 $0.25. Use the arrow keys to read each point.$0$0.252026YTD

BSCA vs VBCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
BSCA 0.19VBCA 0.04

BSCA and VBCA in the news

All news⁠

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