Invesco BulletShares 2032 Corporate Bond ETF (BSCW) Performance
BSCW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.5% since Dec 31, 2025
- 1 year
- −1.2% total return
- 3 years
- +6.9% a year
- Since first price
- +4.6% a year since 2022
BSCW trailing returns vs AGG, TLT, SPY
| Period | BSCW total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.3% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.9% | −2.1% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.0% | −4.4% | −1.5% | −3.8% | +7.8% |
| YTD | −1.5% | −5.3% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.2% | −5.8% | −1.1% | −6.9% | +14.4% |
| 3 years | +22.3%+6.9%/yr | +5.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionSep 8, 2022 | +20.4%+4.6%/yr | −1.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BSCW vs AGG
From Sep 8, 2022: BSCW grew to $12,039, AGG to $11,144.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BSCW returns by calendar year
3 of 3 full years positive. Best 2023 (+9.3%), worst 2024 (+2.2%). 2026 is year to date.
BSCW annual returns table
| Year | BSCW | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.5% | −4.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +9.0% | −3.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.2% | −3.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +9.3% | −8.3% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BSCW largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 2, 2023 | −8.3% | Oct 19, 2023 | Dec 6, 2023 | 9 months | 10 months |
| Sep 9, 2022 | −7.5% | Oct 20, 2022 | Nov 16, 2022 | 41 days | 2 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
BSCW risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +5.8% | +5.7% |
| Volatility (annualized) | 6.6% | 7.8% |
| Sharpe ratio | 0.23 | 0.19 |
| Sortino ratio | 0.37 | 0.31 |
| Best month | +6.8% | +7.0% |
| Worst month | −2.6% | −3.8% |
| Best 12 months | +15.1% | +15.1% |
| Worst 12 months | −1.6% | −1.6% |
| Positive months | 72% | 67% |
| Beta vs S&P 500 | 0.30 | — |
| Correlation with S&P 500 | 0.56 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BSCW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 38 | −1.6% | +5.9% | +15.1% | 95% |
| 3-year (a year) | 14 | +5.1% | +5.8% | +8.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
BSCW performance overview
Invesco BulletShares 2032 Corporate Bond ETF (BSCW) returned −1.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +4.6% a year, turning $10,000 into about $12,039. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −8.3%, from Feb 2, 2023 to Oct 19, 2023, and it took 48 days to get back to the old high. BSCW finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+9.3%) and the worst 2024 (+2.2%). Volatility has been 7.8% a year.
Related: BSCW chart, BSCW dividends, BSCW bond profile. See the BSCW overview for the latest quote and fund facts.
BSCW performance FAQ
What is the BSCW return over the past year?
BSCW returned −1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.8%.
How much would $10,000 invested in BSCW be worth?
$10,000 invested in BSCW at its first recorded close on September 8, 2022 would be worth about $12,039 on October 23, 2026 with distributions reinvested.
What was the worst year for BSCW?
The worst calendar year was 2024, with a total return of +2.2%. The best was 2023 at +9.3%.
What is the biggest drawdown of BSCW?
The largest peak-to-trough decline was −8.3% between February 2, 2023 and October 19, 2023. It recovered to the old high on December 6, 2023, 48 days after the bottom.
How volatile is BSCW?
Over the past 3 years BSCW had an annualized volatility of 6.6% and a Sharpe ratio of 0.23 (excess return over 1–3 month T-bills per unit of risk).