BSCZ vs VBCB: Grades, Fees and Holdings Compared

Invesco BulletShares 2035 Corporate Bond ETF

BSCZBNasdaq

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.02pt a year

BSCZ0.10%VBCB0.08%

Avg volume · 30D

BSCZ 7.0×the volume

BSCZ181KVBCB25.9K

BSCZ vs VBCB Performance

Jul 31, 2026 – Oct 30, 2026

−0.8%BSCZ+0.6%VBCB

Expense ratio: BSCZ 0.10%; VBCB 0.08%, better
Fund size: BSCZ $412M; VBCB $117M
1Y total return: BSCZ −1.2%; VBCB No data
Yield (12M): BSCZ 4.84%; VBCB No data
Holdings: BSCZ 314; VBCB 667
Avg volume (30D): BSCZ 181K sh, better; VBCB 25.9K sh
NAV per share: BSCZ $19.60; VBCB $75.14
52W range

ETF.net Grade

Pillar letters and Scores for BSCZ, VBCB, with each pillar’s weight
Pillar	BSCZ	VBCB
Cost30% weight	C50	A89Higher
Mission25% weight	A89	A100Higher
Risk15% weight	D27	A88Higher
Tradability15% weight	C53Higher	C40
Holdings10% weight	B55	A84Higher
Durability5% weight	D37	B56Higher

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. BSCZ 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 BSCZ 27th 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 26BBSCYInvesco BulletShares 2034 Corporate Bond ETFScore 59
Rank 27BBSCZInvesco BulletShares 2035 Corporate Bond ETFScore 56
Rank 27BIBCAiShares iBonds Dec 2035 Term Corporate ETFScore 56

Our read on each fund

ETF.net Research

BSCZBInvesco BulletShares 2035 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

BSCZ One rung of a bond ladder in a single ticker: roughly 300 investment-grade corporate bonds that all come due in 2035, wrapped in an ETF that charges 0.10% and 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

BSCZ The fund tracks an index of US-dollar-denominated, investment-grade corporate bonds whose effective maturities are in 2035.

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

BSCZ Every bond in it matures in the same year, so the portfolio's sensitivity to rate swings winds down as 2035 approaches. Bond-like maturity math, ETF-like access.
Charges 0.10% a year, right at the going rate for target-maturity bond funds, and spreads the credit risk across roughly 300 investment-grade corporate issues.
Pays monthly and sits inside Invesco's BulletShares lineup, where nearer rungs like BSCT (2029) and BSCU (2030) make a multi-year ladder buildable from one issuer.
Tracks its 2035 maturity index closely and lands in the upper half of a crowded target-maturity field on cost, structure and execution.

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

BSCZ A 2035 maturity carries about a decade of rate and credit exposure, so it swings more on rate moves than the short rungs of the same lineup.
Launched in 2025, so there is only a short record to judge how it tracks and trades across a full rate cycle.
Corporate credit, not Treasuries: issuers can be downgraded or default. Trading is moderate, so spreads are worth a look on larger orders.

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 BSCZ profile⁠

Full VBCB profile⁠

BSCZ vs VBCB Holdings

How BSCZ and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile85.2%
Asset classFixed Income100%

Sector

No Sector split for BSCZ and VBCB.

Country, concentration and asset class

Country by domicile

Country weights in BSCZ and VBCB, widest gap first
Country	More in BSCZMore in VBCB	BSCZ	VBCB
United States	BSCZ +13.8 points	94.4%	80.6%
United Kingdom	VBCB +4.9 points	0.0%	4.9%
Canada	VBCB +3.0 points	1.8%	4.8%
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%
Norway	BSCZ +0.6 points	0.6%	0.0%
Switzerland	VBCB +0.6 points	0.0%	0.6%
Other countries (8)	VBCB +1.0 points	1.9%	2.9%

Concentration

Weight in the 10 largest Holdings

BSCZ11.5%
VBCB6.2%

Securities held

BSCZ312
VBCB662

Asset class

BSCZ: Fixed Income
VBCB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSCZ holds 312 securities, VBCB 662.

All 312 BSCZ 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.

BSCZ vs VBCB Cost

Overpaying BSCZ vs VBCB

$417

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

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

Amount$10,000

Years30 years

Cost over time

BSCZ 0.10%
VBCB 0.08%
Overpaying

Year by year

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

Expense ratio

0.10%BSCZ
0.08%VBCB, cheaper

VBCB0.08%BSCZ0.10%

0.08%0.15%

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

VBCB cheapest of 42 funds

BSCZ 11th cheapest of 42 funds

BSCZ vs VBCB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BSCZ 4.84%; VBCB No data
Payout (12M): BSCZ $0.95; VBCB No data
Last payment: BSCZ $0.08; VBCB $0.26
Ex-dividend: BSCZ Oct 19, 2026; VBCB Oct 1, 2026
Paid on: BSCZ Oct 23, 2026; VBCB Oct 5, 2026
Frequency: BSCZ Monthly; VBCB Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

BSCZMonthly · 16 paymentsAll BSCZ payments⁠

VBCBMonthly · 6 paymentsAll VBCB payments⁠

BSCZ vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BSCZ 5.1%since Jul 2025VBCB No data
Return per unit of riskSharpe ratio, 3 years: BSCZ −0.48since Jul 2025VBCB No data
Worst fallMax drawdown, 5 years: BSCZ −5.8%since Jun 2025VBCB No data
Market sensitivityBeta, 5 years: BSCZ 0.10VBCB 0.05; Market = 1

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