Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 BSMV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BSMV
BSMV 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 | BSMV vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | BSMV vs VTEB | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.72M | Aug 2025 | BSMV vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | BSMV vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | BSMV vs TAXS |
Best Risk-Adjusted Alternatives to BSMV
BSMV has a PortfoliosLab risk / return rank of 59. There are 99 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 8.64M | Sep 2024 | BSMV vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | BSMV vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | BSMV vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | BSMV vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | BSMV vs MEAR |
Top Performing BSMV Alternatives (YTD)
BSMV is at 0.54% YTD. There are 129 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 4.35% | 18.13M | Oct 2020 | BSMV vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | BSMV vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | BSMV vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | BSMV vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | BSMV vs OVM |
Lowest Volatility Alternatives to BSMV
BSMV has 2.42% 1-year volatility. There are 53 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 | BSMV vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | BSMV vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | BSMV vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | BSMV vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | BSMV vs FUMB |
Lowest Drawdown Alternatives to BSMV
BSMV has a 1-year max drawdown of -2.79%. There are 73 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 | BSMV vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | BSMV vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | BSMV vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | BSMV vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | BSMV vs IBMO |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 11 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 | 53 | 15.19% | 481.14B | Mar 1999 | BSMV vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.29% | 22.01B | Oct 2015 | BSMV vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 54 | 15.22% | 100.59B | Oct 2020 | BSMV vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 63 | 13.18% | 96.24B | Apr 2003 | BSMV vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 89 | 67.78% | 2.58B | Jun 2021 | BSMV vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 60 | 14.73% | 20.11B | Dec 2005 | BSMV vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 37 | 4.04% | 10.85B | May 2005 | BSMV vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 46 | 13.60% | 3.29B | Oct 2012 | BSMV vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 47 | 14.42% | 7.45B | Mar 2005 | BSMV vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 42 | 8.27% | 3.99B | Feb 2012 | BSMV vs IDMO |
Often Compared With BSMV
Investors most often compare BSMV with MLPD, TNGY, AMZA. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare BSMV with Any Fund or Stock
Compare BSMV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BSMV with funds that move differently
Invesco BulletShares 2031 Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BSMV.
Explore BSMV Diversifiers