BSCW

Invesco Bulletshares 2032 Corporate Bond ETF

Invesco · $1.50bn in assets, October 8, 2026

BSCW, the Invesco Bulletshares 2032 Corporate Bond ETF, is a $1.5 billion ETF whose main story is the credit signal. Over the past year it returned −2.0%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.

BSCW · the ETFFRI OCT 2Market price total return
+4.3% a yearTotal return since launch, September 2022
−2.0%Last 12 months
−2.8%Year to date
7.0%Volatility since launch

The narrative it carries

This is its only narrative.

The credit signal →

Corporate bonds, loans and the banks that make them: the price of lending to companies.

The credit signal · the narrative this week
34.7QUIET level, 22 of 22
last four weeks
431ETFs carry it
26.5%held by the top five
XLFlargest holder, 6.2%
$685 bncapital, 4th of 22

The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.

Who owns the capital
XLF 6.2%BND 5.9%VCIT 5.7%AGG 4.9%VCSH 3.8%426 other ETFs 73.5%26.5%top five
#ETFSHAREASSETS1 YEARCOST
1XLF6.2%$50.97bn+1.8%0.08%
2BND5.9%$161.78bn−2.1%0.03%
3VCIT5.7%$67.63bn−2.7%0.03%
4AGG4.9%$135.65bn−2.2%0.03%
5VCSH3.8%$44.97bn+0.9%0.03%
426 other ETFs73.5%
BSCW: 0.2%

Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 431 ETFs on the narrative page →

FRI OCT 2MARKET PRICE TOTAL RETURN

1M3MYTD1Y3Y*5Y*
BSCW−2.2%−3.4%−2.8%−2.0%+6.1%–
The credit signalits narrative−2.2%−2.4%−0.5%+0.6%+8.2%+2.7%
The marketbroad US ETFs+0.8%+2.6%+14.6%+16.8%+22.9%+12.9%

1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on September 9, 2022: +4.3% a year.

$10,000 invested September 30, 2022

BSCW $12,465The credit signal $13,281The market $22,527
$0$10,000$20,000$30,000Sep 2022Sep 2023Sep 2024Sep 2025$0$10,000$20,000$30,000Sep 2022Sep 2024

Year by year

BSCWThe credit signalThe market
-10%0%10%20%30%BSCW 2023: +9.3%Narrative 2023: +8.8%The market 2023: +27.9%2023BSCW 2024: +2.2%Narrative 2024: +7.2%The market 2024: +23.1%2024BSCW 2025: +9.0%Narrative 2025: +10.0%The market 2025: +16.8%2025BSCW YTD: -2.8%Narrative YTD: -0.5%The market YTD: +14.6%YTD-10%0%10%20%30%BSCW 2023: +9.3%Narrative 2023: +8.8%The market 2023: +27.9%2023BSCW 2024: +2.2%Narrative 2024: +7.2%The market 2024: +23.1%2024BSCW 2025: +9.0%Narrative 2025: +10.0%The market 2025: +16.8%2025BSCW YTD: -2.8%Narrative YTD: -0.5%The market YTD: +14.6%YTD

Total return in each calendar year; this year is year to date. A year appears only if BSCW traded for all of it.

Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.

Common questions

What story is BSCW selling?

BSCW’s main story is the credit signal, which covers corporate bonds, loans and the banks that make them: the price of lending to companies.

Which ETFs compete with BSCW?

The ETFs whose weekly returns move most like BSCW’s over the past 3 years are IBDX (1.00), IBDW (0.99) and IBDY (0.99).

How has BSCW performed against its story?

Over the past year BSCW returned −2.0%, the ETFs carrying the credit signal +0.6% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.84 with the story. Past performance only.

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Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →