BSCY vs VBCC

BSCYBInvesco BulletShares 2034 Corporate Bond ETF

VBCCAVanguard Target Maturity 2029 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.

VBCC Vanguard's version of a single rung on a bond ladder: investment-grade corporates that all mature in 2029, wrapped in an ETF at 0.08% a year, under the typical fee in the target-maturity aisle.

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.

VBCC The fund seeks to follow a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds scheduled to mature in 2029.

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.

• VBCC At 0.08% a year it undercuts the target-maturity median and the established 2029 corporate rungs from iShares (IBDU) and Invesco (BSCT), both at 0.10%.
• Every bond in the index is scheduled to mature in 2029, so the portfolio has an end date instead of rolling on forever like a standard bond fund.
• Investment-grade US dollar corporates, market-weighted. No high-yield sleeve, no manager leaning on favorite issuers.
• Stacks up among the stronger builds in a crowded target-maturity field, on the back of low cost and a straightforward investment-grade portfolio.

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.

• VBCC Launched in 2026, so live history is short and it trades less actively than the long-running iShares and Invesco ladders. Limit orders matter more here.
• Corporate credit, not Treasuries. An investment-grade issuer can still be downgraded or miss a payment, and a 2029 maturity date does not erase that.
• Income is paid quarterly, so cash arrives four times a year rather than monthly.

Full BSCY profile⁠

Full VBCC profile⁠