BSCT vs VBCB: Grades, Fees and Holdings Compared

Invesco BulletShares 2029 Corporate Bond ETF

BSCTBNasdaq

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.02pt a year

BSCT0.10%VBCB0.08%

Avg volume · 30D

BSCT 27.0×the volume

BSCT724KVBCB26.8K

BSCT vs VBCB Performance

Aug 7, 2026 – Nov 9, 2026

+0.2%BSCT+0.5%VBCB

Expense ratio: BSCT 0.10%; VBCB 0.08%, better
Fund size: BSCT $3.11B; VBCB $117M
1Y total return: BSCT +2.1%; VBCB No data
Yield (12M): BSCT 4.54%; VBCB No data
Holdings: BSCT 513; VBCB 667
Avg volume (30D): BSCT 724K sh, better; VBCB 26.8K sh
NAV per share: BSCT $18.36; VBCB $75.01
52W range

ETF.net Grade

Pillar letters and Scores for BSCT, VBCB, with each pillar’s weight
Pillar	BSCT	VBCB
Cost30% weight	C50	A89Higher
Mission25% weight	A100	A100
Risk15% weight	B55	A88Higher
Tradability15% weight	B66Higher	C40
Holdings10% weight	A79	A84Higher
Durability5% weight	A76Higher	C54

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. BSCT and VBCB 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 ›

VBCB ranks 1st and BSCT 12th 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 9AIBDViShares iBonds Dec 2030 Term Corporate ETFScore 72
Rank 12BBSCTInvesco BulletShares 2029 Corporate Bond ETFScore 69
Rank 12BVBCFVanguard Target Maturity 2032 Corporate Bond ETFScore 69

Our read on each fund

ETF.net Research

BSCTBInvesco BulletShares 2029 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

BSCT A rung of a bond ladder in ETF form: roughly 500 investment-grade corporate bonds that all come due in 2029, bundled into one ticker that pays monthly.

VBCB Vanguard finally showed up to the bond-ladder party. VBCB owns U.S. investment-grade corporate bonds that all mature in 2028, and it undercuts the typical target-maturity rung on fees.

Stated mandate

BSCT The fund seeks to track an index representing US dollar-denominated, investment-grade corporate bonds with effective maturities in 2029.

VBCB The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2028.

Why people hold it

BSCT Every bond it holds comes due in the same year, so it behaves more like one bond with a finish line than a bond fund that rolls its portfolio forever.
Costs 0.10% a year, matching the fee on iShares' 2029 corporate rung (IBDU) and sitting right at the category median.
Tracks the Nasdaq BulletShares USD Corporate Bond 2029 Index closely, with billions in assets and active trading behind it. One of the tighter implementations in its peer group.
Spreads the exposure across roughly 500 investment-grade corporate bonds and distributes monthly.

VBCB Charges 0.08% a year, below the 0.10% typical for target-maturity bond funds and below the iBonds and BulletShares rungs (IBDU, BSCT, BSCU) it lines up against.
Every bond in the index is dollar-denominated investment grade maturing in 2028: one rung of a bond ladder in one ticker, with income paid quarterly.
A plain market-weighted ICE index run through Vanguard's index plumbing, and one of the stronger builds in the target-maturity bond group.

Worth knowing

BSCT This is company credit, not government paper. For a 2029 rung without corporate risk, the Treasury version (IBTJ) runs 0.07%.
The fee is at the category median, not below it. Vanguard's 2028 corporate rung (VBCB) comes in at 0.08%.
Monthly is the payout cadence, not the payout size: income moves with the bonds held, and the portfolio gets shorter as 2029 approaches.

VBCB Launched in 2026 and still small, it trades thinly, so spreads can run wider than on the long-established corporate ladders.
Corporate credit, not Treasuries. Investment grade lowers the odds of trouble, but downgrades and defaults stay in the mix.
One maturity year, not a whole curve. This is a rung, not a stand-in for a broad bond fund.

Full BSCT profile⁠

Full VBCB profile⁠

BSCT vs VBCB Holdings

How BSCT and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile89.4%
Asset classBonds100%
Sector1 Sector100%

Sector

Sector weights in BSCT and VBCB, widest gap first
Sector	More in BSCTMore in VBCB	Gap	BSCT	VBCB
Corporate		Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in BSCT and VBCB, widest gap first
Country	Gap	BSCT	VBCB
United States	BSCT +9.4 points	90.0%	80.6%
United Kingdom	VBCB +3.9 points	1.0%	4.9%
Australia	VBCB +2.0 points	0.0%	2.0%
Canada	VBCB +1.5 points	3.3%	4.8%
Germany	VBCB +1.0 points	0.0%	0.9%
Japan	VBCB +0.6 points	2.7%	3.3%
Netherlands	VBCB +0.6 points	0.1%	0.7%
Luxembourg	BSCT +0.6 points	0.6%	0.0%
Other countries (8)	VBCB +0.4 points	2.4%	2.8%

Concentration

Weight in the 10 largest Holdings

BSCT7.9%
VBCB6.2%

Securities held

BSCT511
VBCB662

Asset class

BSCT: Bonds
VBCB: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSCT holds 511 securities, VBCB 662.

All 511 BSCT holdings⁠All 664 VBCB 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.

BSCT vs VBCB Cost

Overpaying BSCT vs VBCB

$417

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

BSCT 0.10%
$2,106
VBCB 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

BSCT 0.10%
VBCB 0.08%
Overpaying

Year by year

Year	BSCT	VBCB	Overpaying
10	$183	$147	$36
20	$717	$575	$142
30	$2,106	$1,689	$417

Expense ratio

0.10%BSCT
0.08%VBCB, cheaper

VBCB0.08%BSCT0.10%

0.08%0.15%

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

VBCB cheapest of 42 funds

BSCT 11th cheapest of 42 funds

BSCT vs VBCB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BSCT 4.54%; VBCB No data
Payout (12M): BSCT $0.84; VBCB No data
Last payment: BSCT $0.07; VBCB $0.26
Ex-dividend: BSCT Oct 19, 2026; VBCB Nov 2, 2026
Paid on: BSCT Oct 23, 2026; VBCB Nov 4, 2026
Frequency: BSCT Monthly; VBCB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BSCTMonthly · 46 paymentsAll BSCT payments⁠

VBCBMonthly · 7 paymentsAll VBCB payments⁠

BSCT vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BSCT 4.2%VBCB No data
Return per unit of riskSharpe ratio, 3 years: BSCT 0.49VBCB No data
Worst fallMax drawdown, 5 years: BSCT −18.0%VBCB No data
Market sensitivityBeta, 5 years: BSCT 0.74VBCB 0.05; Market = 1

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