BSCV vs VBCB: Grades, Fees and Holdings Compared

Invesco BulletShares 2031 Corporate Bond ETF

BSCVBNasdaq

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.02pt a year

BSCV0.10%VBCB0.08%

Avg volume · 30D

BSCV 21.9×the volume

BSCV568KVBCB25.9K

BSCV vs VBCB Performance

Jul 31, 2026 – Oct 30, 2026

−0.3%BSCV+0.6%VBCB

Expense ratio: BSCV 0.10%; VBCB 0.08%, better
Fund size: BSCV $1.89B; VBCB $117M
1Y total return: BSCV +0.5%; VBCB No data
Yield (12M): BSCV 4.80%; VBCB No data
Holdings: BSCV 496; VBCB 667
Avg volume (30D): BSCV 568K sh, better; VBCB 25.9K sh
NAV per share: BSCV $15.96; VBCB $75.14
52W range

ETF.net Grade

Pillar letters and Scores for BSCV, VBCB, with each pillar’s weight
Pillar	BSCV	VBCB
Cost30% weight	C50	A89Higher
Mission25% weight	A100	A100
Risk15% weight	D37	A88Higher
Tradability15% weight	B57Higher	C40
Holdings10% weight	B69	A84Higher
Durability5% weight	B57Higher	B56

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. BSCV 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 BSCV 19th of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 82
Rank 2AVBCAVanguard Target Maturity 2027 Corporate Bond ETFScore 78
Rank 18BVBCEVanguard Target Maturity 2031 Corporate Bond ETFScore 64
Rank 19BBSCVInvesco BulletShares 2031 Corporate Bond ETFScore 63
Rank 19BBSCWInvesco BulletShares 2032 Corporate Bond ETFScore 63

Our read on each fund

ETF.net Research

BSCVBInvesco BulletShares 2031 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

BSCV A bond ladder rung in one ticker. BSCV holds a basket of investment-grade US corporate bonds that all mature in 2031, so the portfolio is built to be held to maturity instead of rolling its bonds forever.

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

BSCV The fund seeks to track a held-to-maturity portfolio of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2031. It invests at least 80% of assets in bonds comprising its underlying index and uses representative sampling.

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

BSCV Every bond in it matures in 2031. That gives the fund a defined end date, the thing that separates target-maturity funds from ordinary bond funds that roll their holdings indefinitely.
0.10% a year, level with the median for target-maturity bond funds and with Invesco's neighboring rungs BSCT and BSCU.
Pays monthly, and it is a multi-billion-dollar, actively traded fund rather than a thin listing you have to nurse in and out of.
Roughly 400 bonds sampled against its 2031 index, with tracking that stands among the stronger implementations in the target-maturity group.

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

BSCV This is a portfolio, not a bond you own outright. Prices move with rates and credit until the holdings mature, and the value at the finish line is not fixed in advance.
US dollar investment-grade corporate credit only. Government-bond versions of the same ladder idea, such as IBTJ, live elsewhere in the category.
The clock runs down: as 2031 nears, the portfolio gets shorter and more cash-like, so continuing the exposure means stepping to a later maturity year.

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 BSCV profile⁠

Full VBCB profile⁠

BSCV vs VBCB Holdings

How BSCV and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile86.5%
Asset classFixed Income100%

Sector

No Sector split for BSCV and VBCB.

Country, concentration and asset class

Country by domicile

Country weights in BSCV and VBCB, widest gap first
Country	More in BSCVMore in VBCB	BSCV	VBCB
United States	BSCV +12.4 points	93.0%	80.6%
United Kingdom	VBCB +4.7 points	0.2%	4.9%
Canada	VBCB +2.3 points	2.5%	4.8%
Australia	VBCB +2.0 points	0.0%	2.0%
Japan	VBCB +1.9 points	1.4%	3.3%
Germany	VBCB +1.0 points	0.0%	0.9%
Netherlands	VBCB +0.7 points	0.0%	0.7%
Switzerland	VBCB +0.6 points	0.0%	0.6%
Other countries (8)	BSCV +0.6 points	2.8%	2.2%

Concentration

Weight in the 10 largest Holdings

BSCV8.3%
VBCB6.2%

Securities held

BSCV493
VBCB662

Asset class

BSCV: Fixed Income
VBCB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSCV holds 493 securities, VBCB 662.

All 494 BSCV holdings⁠All 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.

BSCV vs VBCB Cost

Overpaying BSCV vs VBCB

$417

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

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

Amount$10,000

Years30 years

Cost over time

BSCV 0.10%
VBCB 0.08%
Overpaying

Year by year

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

Expense ratio

0.10%BSCV
0.08%VBCB, cheaper

VBCB0.08%BSCV0.10%

0.08%0.15%

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

VBCB cheapest of 42 funds

BSCV 11th cheapest of 42 funds

BSCV vs VBCB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BSCV 4.80%; VBCB No data
Payout (12M): BSCV $0.77; VBCB No data
Last payment: BSCV $0.07; VBCB $0.26
Ex-dividend: BSCV Oct 19, 2026; VBCB Oct 1, 2026
Paid on: BSCV Oct 23, 2026; VBCB Oct 5, 2026
Frequency: BSCV Monthly; VBCB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BSCVMonthly · 46 paymentsAll BSCV payments⁠

VBCBMonthly · 6 paymentsAll VBCB payments⁠

BSCV vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BSCV 6.0%VBCB No data
Return per unit of riskSharpe ratio, 3 years: BSCV 0.48VBCB No data
Worst fallMax drawdown, 5 years: BSCV −22.6%VBCB No data
Market sensitivityBeta, 5 years: BSCV 1.07VBCB 0.05; Market = 1

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