BSCY vs VBCB: Grades, Fees and Holdings Compared

Invesco BulletShares 2034 Corporate Bond ETF

BSCYBNasdaq

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.02pt a year

BSCY0.10%VBCB0.08%

Avg volume · 30D

BSCY 6.6×the volume

BSCY170KVBCB25.9K

BSCY vs VBCB Performance

Jul 31, 2026 – Oct 30, 2026

−0.6%BSCY+0.6%VBCB

Expense ratio: BSCY 0.10%; VBCB 0.08%, better
Fund size: BSCY $653M; VBCB $117M
1Y total return: BSCY −0.5%; VBCB No data
Yield (12M): BSCY 5.06%; VBCB No data
Holdings: BSCY 302; VBCB 667
Avg volume (30D): BSCY 170K sh, better; VBCB 25.9K sh
NAV per share: BSCY $19.88; VBCB $75.14
52W range

ETF.net Grade

Pillar letters and Scores for BSCY, VBCB, with each pillar’s weight
Pillar	BSCY	VBCB
Cost30% weight	C50	A89Higher
Mission25% weight	A93	A100Higher
Risk15% weight	D27	A88Higher
Tradability15% weight	C53Higher	C40
Holdings10% weight	B67	A84Higher
Durability5% weight	B57Higher	B56

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. BSCY 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 BSCY 26th 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 24BIBDZiShares iBonds Dec 2034 Term Corporate ETFScore 60
Rank 26BBSCYInvesco BulletShares 2034 Corporate Bond ETFScore 59
Rank 27BBSCZInvesco BulletShares 2035 Corporate Bond ETFScore 56

Our read on each fund

ETF.net Research

BSCYBInvesco BulletShares 2034 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

BSCY The long rung on Invesco's bond ladder. BSCY tracks an index of investment-grade corporate bonds that all mature in 2034, giving a fund a bond's dated finish line, plus roughly 300 issues and monthly payouts.

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

BSCY The Fund seeks to track the performance of the Invesco BulletShares USD Corporate Bond 2034 Index before fees and expenses. It generally invests at least 80% of assets in securities included in that index.

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

BSCY Every holding shares a 2034 maturity, so the portfolio winds toward one dated endpoint instead of rolling over forever like a standard bond fund.
0.10% a year, in line with the typical target-maturity bond ETF, for about 300 corporate issues from US, Canadian, Japanese and Western European borrowers.
Pays monthly, and Invesco runs dated rungs beside it (BSCT, BSCU), so a year-by-year ladder can be built off one shelf.
One of the stronger implementations in a crowded target-maturity field, with no structural red flags in its filings.

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

BSCY Launched in 2024, so the track record is thin and there is limited history behind its risk profile.
A 2034 target is the far end of the ladder: prices can move more with rates than shorter rungs such as BSCT before the maturity year arrives.
This is corporate credit, not government paper, so issuer risk is part of the package; Treasury-based rungs like IBTJ take a different route.

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 BSCY profile⁠

Full VBCB profile⁠

BSCY vs VBCB Holdings

How BSCY and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile88.5%
Asset classFixed Income100%

Sector

No Sector split for BSCY and VBCB.

Country, concentration and asset class

Country by domicile

Country weights in BSCY and VBCB, widest gap first
Country	More in BSCYMore in VBCB	BSCY	VBCB
United States	BSCY +10.3 points	90.9%	80.6%
United Kingdom	VBCB +4.4 points	0.5%	4.9%
Japan	VBCB +2.0 points	1.3%	3.3%
Australia	VBCB +2.0 points	0.0%	2.0%
Germany	VBCB +1.0 points	0.0%	0.9%
Canada	VBCB +0.7 points	4.1%	4.8%
France	BSCY +0.5 points	0.7%	0.2%
Switzerland	VBCB +0.6 points	0.0%	0.6%
Other countries (7)	VBCB +0.2 points	2.5%	2.7%

Concentration

Weight in the 10 largest Holdings

BSCY9.7%
VBCB6.2%

Securities held

BSCY300
VBCB662

Asset class

BSCY: Fixed Income
VBCB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSCY holds 300 securities, VBCB 662.

All 300 BSCY 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.

BSCY vs VBCB Cost

Overpaying BSCY vs VBCB

$417

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

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

Amount$10,000

Years30 years

Cost over time

BSCY 0.10%
VBCB 0.08%
Overpaying

Year by year

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

Expense ratio

0.10%BSCY
0.08%VBCB, cheaper

VBCB0.08%BSCY0.10%

0.08%0.15%

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

VBCB cheapest of 42 funds

BSCY 11th cheapest of 42 funds

BSCY vs VBCB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BSCY 5.06%; VBCB No data
Payout (12M): BSCY $1.01; VBCB No data
Last payment: BSCY $0.09; VBCB $0.26
Ex-dividend: BSCY Oct 19, 2026; VBCB Oct 1, 2026
Paid on: BSCY Oct 23, 2026; VBCB Oct 5, 2026
Frequency: BSCY Monthly; VBCB Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

BSCYMonthly · 28 paymentsAll BSCY payments⁠

VBCBMonthly · 6 paymentsAll VBCB payments⁠

BSCY vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BSCY 5.3%since Jul 2024VBCB No data
Return per unit of riskSharpe ratio, 3 years: BSCY 0.05since Jul 2024VBCB No data
Worst fallMax drawdown, 5 years: BSCY −5.5%since Jun 2024VBCB No data
Market sensitivityBeta, 5 years: BSCY 0.16VBCB 0.05; Market = 1

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