Invesco BulletShares 2032 Municipal Bond ETF (BSMW) 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 BSMW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BSMW
BSMW 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 | BSMW vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | BSMW vs VTEB | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | BSMW vs TAXI | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | BSMW vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | BSMW vs TAXS |
Best Risk-Adjusted Alternatives to BSMW
BSMW has a PortfoliosLab risk / return rank of 74. There are 83 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 | BSMW vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | BSMW vs MYMF | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | BSMW vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | BSMW vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | BSMW vs MEAR |
Top Performing BSMW Alternatives (YTD)
BSMW is at 1.36% YTD. There are 80 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 4.49% | 18.13M | Oct 2020 | BSMW vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | BSMW vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 3.92% | 25.42M | Nov 2025 | BSMW vs THYM | |
| First Trust Flexible Municipal High Income ETF | 3.90% | 20.73M | Sep 2016 | BSMW vs MFLX | |
| Overlay Shares Municipal Bond ETF | 3.81% | 30.60M | Sep 2019 | BSMW vs OVM |
Lowest Volatility Alternatives to BSMW
BSMW has 2.63% 1-year volatility. There are 64 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 | BSMW vs ZMUN | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | BSMW vs CALI | |
| State Street My2026 Municipal Bond ETF | 0.71% | 8.73M | Sep 2024 | BSMW vs MYMF | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | BSMW vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.79% | 245.94M | Nov 2018 | BSMW vs FUMB |
Lowest Drawdown Alternatives to BSMW
BSMW has a 1-year max drawdown of -2.92%. There are 82 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 | BSMW vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | BSMW vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | BSMW vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | BSMW vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | BSMW 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 | 59 | 17.11% | 481.14B | Mar 1999 | BSMW vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 60 | 26.26% | 22.01B | Oct 2015 | BSMW vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 60 | 17.15% | 100.59B | Oct 2020 | BSMW vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 61 | 12.08% | 96.24B | Apr 2003 | BSMW vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 75.28% | 2.58B | Jun 2021 | BSMW vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 64 | 15.42% | 20.11B | Dec 2005 | BSMW vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 43 | 5.31% | 10.85B | May 2005 | BSMW vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 41 | 11.25% | 3.29B | Oct 2012 | BSMW vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 54 | 16.42% | 7.45B | Mar 2005 | BSMW vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 50 | 10.02% | 3.99B | Feb 2012 | BSMW vs IDMO |
Often Compared With BSMW
Investors most often compare BSMW with BESF, XLE, MLPA. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare BSMW with Any Fund or Stock
Compare BSMW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BSMW with funds that move differently
Invesco BulletShares 2032 Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BSMW.
Explore BSMW Diversifiers