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Invesco BulletShares 2026 Municipal Bond ETF (BSMQ...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Issuer

Invesco

Inception Date

Sep 25, 2019

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Invesco BulletShares Municipal Bond 2026 Index

Asset Class

Bond

Expense Ratio

BSMQ has an expense ratio of 0.18%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) returned 0.59% year-to-date (YTD) and 2.71% over the past 12 months.


BSMQ

YTD

0.59%

1M

1.07%

6M

0.76%

1Y

2.71%

5Y*

1.23%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

7.44%

6M

-5.60%

1Y

8.37%

5Y*

14.12%

10Y*

10.46%

*Annualized

Monthly Returns

The table below presents the monthly returns of BSMQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.53%0.60%-0.28%-0.66%0.40%0.59%
2024-0.21%0.27%-0.22%-0.39%0.01%0.77%0.78%0.48%0.50%-0.61%0.79%-0.19%1.99%
20231.94%-1.93%1.84%-0.47%-0.72%0.63%0.08%-0.43%-1.26%-0.40%3.11%1.26%3.60%
2022-2.79%-0.31%-2.68%-2.32%1.08%-1.22%2.31%-1.96%-3.38%0.05%3.52%0.05%-7.62%
20210.68%-1.62%0.57%1.00%0.16%0.25%0.59%-0.18%-0.58%-0.27%0.44%0.02%1.05%
20202.25%1.29%-3.87%-2.72%3.46%1.47%2.11%-0.12%-0.28%-0.22%1.50%0.51%5.26%
20190.00%-0.33%0.27%0.30%0.24%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 81, BSMQ is among the top 19% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BSMQ is 8181
Overall Rank
The Sharpe Ratio Rank of BSMQ is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of BSMQ is 8686
Sortino Ratio Rank
The Omega Ratio Rank of BSMQ is 8585
Omega Ratio Rank
The Calmar Ratio Rank of BSMQ is 6262
Calmar Ratio Rank
The Martin Ratio Rank of BSMQ is 8787
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Invesco BulletShares 2026 Municipal Bond ETF Sharpe ratios as of May 11, 2025 (values are recalculated daily):

  • 1-Year: 1.16
  • 5-Year: 0.44
  • All Time: 0.16

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Invesco BulletShares 2026 Municipal Bond ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Invesco BulletShares 2026 Municipal Bond ETF provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.66 per share. The fund has been increasing its distributions for 3 consecutive years.


0.50%1.00%1.50%2.00%2.50%$0.00$0.10$0.20$0.30$0.40$0.50$0.60201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019
Dividend$0.66$0.65$0.59$0.38$0.30$0.41$0.11

Dividend yield

2.79%2.75%2.47%1.60%1.14%1.57%0.44%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco BulletShares 2026 Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.05$0.05$0.05$0.00$0.21
2024$0.05$0.05$0.05$0.05$0.05$0.06$0.06$0.06$0.05$0.06$0.06$0.05$0.65
2023$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.59
2022$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.05$0.38
2021$0.03$0.02$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.30
2020$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.02$0.41
2019$0.04$0.04$0.04$0.11

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco BulletShares 2026 Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco BulletShares 2026 Municipal Bond ETF was 13.18%, occurring on Mar 23, 2020. Recovery took 169 trading sessions.

The current Invesco BulletShares 2026 Municipal Bond ETF drawdown is 2.44%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-13.18%Mar 11, 20209Mar 23, 2020169Nov 19, 2020178
-11.5%Jul 20, 2021321Oct 25, 2022
-1.99%Feb 12, 20219Feb 25, 202171Jun 8, 202180
-0.87%Oct 24, 201913Nov 11, 201915Dec 3, 201928
-0.81%Jun 14, 20218Jun 23, 202117Jul 19, 202125

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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