BSCS vs IBDT: Grades, Fees and Holdings Compared

Invesco BulletShares 2028 Corporate Bond ETF

BSCSANasdaq

iShares iBonds Dec 2028 Term Corporate ETF

IBDTANYSE Arca

Overlap

No data

Expense ratio

BSCS0.10%IBDT0.10%

Avg volume · 30D

IBDT 1.02×the volume

BSCS720KIBDT734K

5Y return · a year

BSCS+1.4%IBDT+1.4%

BSCS vs IBDT Performance

Nov 9, 2021 – Nov 9, 2026

+7.2%BSCS+7.1%IBDT

Expense ratio: BSCS 0.10%; IBDT 0.10%
Fund size: BSCS $3.55B; IBDT $4.16B
1Y total return: BSCS +2.8%, better; IBDT +2.7%
Yield (12M): BSCS 4.44%; IBDT 4.51%, better
Holdings: BSCS 492; IBDT 743
Avg volume (30D): BSCS 720K sh; IBDT 734K sh, better
NAV per share: BSCS $20.22; IBDT $25.00
52W range

ETF.net Grade

Pillar letters and Scores for BSCS, IBDT, with each pillar’s weight
Pillar	BSCS	IBDT
Cost30% weight	C50	C50
Mission25% weight	A100	A100
Risk15% weight	A70	A71Higher
Tradability15% weight	A71	A91Higher
Holdings10% weight	A81	A94Higher
Durability5% weight	A72	A86Higher

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. BSCS and IBDT 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 ›

IBDT ranks 3rd and BSCS 9th of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 81
Rank 2AVBCCVanguard Target Maturity 2029 Corporate Bond ETFScore 78
Rank 3AIBDTiShares iBonds Dec 2028 Term Corporate ETFScore 77
Rank 4AVBCAVanguard Target Maturity 2027 Corporate Bond ETFScore 76
Rank 8AIBDRiShares iBonds Dec 2026 Term Corporate ETFScore 73
Rank 9ABSCSInvesco BulletShares 2028 Corporate Bond ETFScore 72
Rank 9AIBDSiShares iBonds Dec 2027 Term Corporate ETFScore 72

Our read on each fund

ETF.net Research

BSCSAInvesco BulletShares 2028 Corporate Bond ETF

IBDTAiShares iBonds Dec 2028 Term Corporate ETF

In short

BSCS One rung of a corporate bond ladder in a single ticket: roughly 500 investment-grade corporates that effectively mature in 2028, held to maturity, with income paid monthly along the way.

IBDT Acts more like a bond than a bond fund: roughly 700 investment-grade corporate bonds that all mature in 2028, wrapped in one ticker with a defined end date. Built for ladder rungs, monthly distributions and a known finish line.

Stated mandate

BSCS The fund seeks to track a held-to-maturity portfolio of U.S.-dollar investment-grade corporate bonds with effective maturities in 2028. It invests at least 80% of assets in bonds comprising its underlying index.

IBDT The fund seeks to track an index of investment-grade corporate bonds maturing in 2028 and is designed to support income generation, bond-ladder construction, and interest-rate-risk management through a defined maturity.

Why people hold it

BSCS Behaves more like a bond than a bond fund: the portfolio is built to be held to maturity, with all its bonds effectively maturing in 2028.invesco.com
About 500 investment-grade corporate bonds, so no single issuer's stumble decides the outcome.
0.10% a year, level with the median target-maturity bond fund and the same rate Invesco charges on its 2029 and 2030 rungs (BSCT, BSCU).
Pays monthly, runs in the billions, and trades actively, a useful combination when you are building a ladder year by year.

IBDT The defined 2028 maturity does the work: one ticker behaves like a ladder rung, no hunting down individual bonds or tracking each one's maturity.ishares.com
About 700 investment-grade corporate bonds inside, so no single issuer carries the outcome the way it would in a handful of hand-picked bonds.
Costs 0.10% a year, right at the typical fee for target-maturity bond funds, and it is one of the more actively traded names in that group.
Launched in 2018 and now a multi-billion-dollar fund, it ranks among the strongest implementations in the target-maturity bond group.

Worth knowing

BSCS Corporate credit, not government paper. Investment-grade issuers can still be downgraded or default, and a fixed maturity year does not change that.
As 2028 approaches, bonds roll off and the portfolio's remaining life shortens, so its character shifts toward short-dated cash-like holdings.
Vanguard's 2028 corporate rung (VBCB) charges 0.08%, slightly less for the same maturity year.

IBDT Vanguard's VBCB targets the same 2028 corporate maturity for 0.08%, two basis points cheaper.
This is corporate credit, not Treasuries. The bonds are investment grade, but downgrades and defaults are still part of the picture.
It has a finish line. When the 2028 term ends the strategy is over, so the what-next decision lands back with you.ishares.com

Full BSCS profile⁠

Full IBDT profile⁠

BSCS vs IBDT Holdings

How BSCS and IBDT differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile96.5%
Asset classBonds100%
Sector2 Sectors99.8%

Sector

Sector weights in BSCS and IBDT, widest gap first
Sector	More in BSCSMore in IBDT	Gap	BSCS	IBDT
Corporate		BSCS +0.2 points	100.0%	99.8%
Securitized		IBDT +0.2 points	0.0%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in BSCS and IBDT, widest gap first
Country	Gap	BSCS	IBDT
Australia	IBDT +1.3 points	0.0%	1.3%
United States	BSCS +1.0 points	86.4%	85.4%
Canada	BSCS +0.9 points	4.6%	3.7%
Japan	BSCS +0.8 points	3.8%	3.0%
Singapore	IBDT +0.7 points	0.0%	0.7%
Other countries (12)	IBDT +0.7 points	5.2%	5.9%

Concentration

Weight in the 10 largest Holdings

BSCS8.1%
IBDT6.3%

Securities held

BSCS490
IBDT740

Asset class

BSCS: Bonds
IBDT: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSCS holds 490 securities, IBDT 740.

All 490 BSCS holdings⁠All 742 IBDT 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.

BSCS vs IBDT Cost

Same expense ratio

$2,106

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

BSCS 0.10%
$2,106
IBDT 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

BSCS 0.10%
IBDT 0.10%

Year by year

Year	BSCS	IBDT
10	$183	$183
20	$717	$717
30	$2,106	$2,106

Expense ratio

0.10%BSCS
0.10%IBDT

BSCS0.10%IBDT0.10%

0.08%0.15%

Middle half of Defined-Maturity Investment Grade Corporate funds
Median 0.10%

BSCS 11th cheapest of 42 funds

IBDT 11th cheapest of 42 funds

BSCS vs IBDT Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BSCS 4.44%; IBDT 4.51%, better
Payout (12M): BSCS $0.90; IBDT $1.13
Last payment: BSCS $0.08; IBDT $0.09
Ex-dividend: BSCS Oct 19, 2026; IBDT Nov 2, 2026
Paid on: BSCS Oct 23, 2026; IBDT Nov 5, 2026
Frequency: BSCS Monthly; IBDT Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BSCSMonthly · 46 paymentsAll BSCS payments⁠

IBDTMonthly · 46 paymentsAll IBDT payments⁠

BSCS vs IBDT Risk

Fall from peak · 5 years

BSCS
IBDT

Risk facts

VolatilityStd dev, 3 years: BSCS 3.4%IBDT 3.4%
Return per unit of riskSharpe ratio, 3 years: BSCS 0.55IBDT 0.57, better
Worst fallMax drawdown, 5 years: BSCS −16.4%, betterIBDT −16.7%
Market sensitivityBeta, 5 years: BSCS 0.59IBDT 0.60; Market = 1

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