Invesco BulletShares 2029 Municipal Bond ETF (BSMT) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BSMT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BSMT
BSMT charges 0.18% annually. There are 23 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | BSMT vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | BSMT vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | BSMT vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | BSMT vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | BSMT vs TAXI |
Best Risk-Adjusted Alternatives to BSMT
BSMT has a PortfoliosLab risk / return rank of 78. There are 66 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 8.64M | Sep 2024 | BSMT vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | BSMT vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | BSMT vs MYMF | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | BSMT vs AUSM | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | BSMT vs MEAR |
Top Performing BSMT Alternatives (YTD)
BSMT is at 1.08% YTD. There are 114 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.62% | 143.84M | Jun 2013 | BSMT vs RVNU | |
| Rareview Tax Advantaged Income ETF | 4.52% | 18.13M | Oct 2020 | BSMT vs RTAI | |
| First Trust Flexible Municipal High Income ETF | 3.99% | 20.73M | Sep 2016 | BSMT vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.96% | 25.42M | Nov 2025 | BSMT vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.88% | 30.60M | Sep 2019 | BSMT vs OVM |
Lowest Volatility Alternatives to BSMT
BSMT has 1.80% 1-year volatility. There are 39 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 33.31M | Sep 2025 | BSMT vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.71% | 8.73M | Sep 2024 | BSMT vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | BSMT vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | BSMT vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.79% | 245.94M | Nov 2018 | BSMT vs FUMB |
Lowest Drawdown Alternatives to BSMT
BSMT has a 1-year max drawdown of -1.60%. There are 31 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 245.94M | Nov 2018 | BSMT vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | BSMT vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | BSMT vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | BSMT vs MYMG | |
| State Street My2026 Municipal Bond ETF | -0.38% | 8.73M | Sep 2024 | BSMT vs MYMF |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 61 | 17.43% | 481.14B | Mar 1999 | BSMT vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 65 | 28.67% | 22.01B | Oct 2015 | BSMT vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 61 | 17.45% | 100.59B | Oct 2020 | BSMT vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 56 | 12.34% | 96.24B | Apr 2003 | BSMT vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 93 | 79.01% | 2.58B | Jun 2021 | BSMT vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 41 | 4.48% | 10.85B | May 2005 | BSMT vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.67% | 20.11B | Dec 2005 | BSMT vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 36 | 11.04% | 3.29B | Oct 2012 | BSMT vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 51 | 16.50% | 7.45B | Mar 2005 | BSMT vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 32 | 9.74% | 8.22B | Oct 2005 | BSMT vs PPA |
Often Compared With BSMT
Investors most often compare BSMT with BSMS, ZTAX, TMH. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare BSMT with Any Fund or Stock
Compare BSMT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BSMT with funds that move differently
Invesco BulletShares 2029 Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BSMT.
Explore BSMT Diversifiers