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Performance
BSMY Performance Chart
Invesco BulletShares 2034 Municipal Bond ETF (BSMY) is up 0.8% since the beginning of the year. BSMY is currently trading at $25 per share.
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Returns By Period
Invesco BulletShares 2034 Municipal Bond ETF (BSMY) has returned 0.84% so far this year and 9.63% over the past 12 months.
Invesco BulletShares 2034 Municipal Bond ETF
- 1D
- 0.25%
- 1M
- 0.56%
- YTD
- 0.84%
- 6M
- 1.92%
- 1Y
- 9.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.02%
- 1M
- 3.83%
- YTD
- 0.60%
- 6M
- 3.48%
- 1Y
- 28.39%
- 3Y*
- 18.51%
- 5Y*
- 10.79%
- 10Y*
- 12.71%
BSMY Monthly Returns History
Based on dividend-adjusted daily data since Sep 11, 2024, BSMY's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Sep 2025 with a return of +3.0%, while the worst month was Mar 2025 at -3.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BSMY closed higher 53% of trading days. The best single day was Apr 14, 2025 with a return of +1.3%, while the worst single day was Apr 7, 2025 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.96% | 1.27% | -2.63% | 1.29% | 0.84% | ||||||||
| 2025 | 0.30% | 1.82% | -3.19% | -0.97% | -0.07% | 0.63% | -0.66% | 1.03% | 3.03% | 1.70% | 0.33% | -0.06% | 3.82% |
| 2024 | 0.02% | -2.28% | 2.40% | -1.94% | -1.86% |
Benchmark Metrics
Invesco BulletShares 2034 Municipal Bond ETF has an annualized alpha of 1.04%, beta of 0.05, and R² of 0.03 versus S&P 500 Index. Calculated based on daily prices since September 12, 2024.
- This ETF participated in 49.11% of S&P 500 Index downside but only 23.81% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R² of 0.03 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.03 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.04%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 23.81%
- Downside Capture
- 49.11%
Expense Ratio
BSMY has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
BSMY ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) and compare them to a chosen benchmark (S&P 500 Index).
| BSMY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 2.17 | +0.35 |
Sortino ratioReturn per unit of downside risk | 3.95 | 3.02 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.41 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.88 | -0.36 |
Martin ratioReturn relative to average drawdown | 10.35 | 13.00 | -2.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BSMY risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Invesco BulletShares 2034 Municipal Bond ETF provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.86 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.86 | $0.81 | $0.19 |
Dividend yield | 3.49% | 3.31% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco BulletShares 2034 Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.07 | $0.07 | $0.07 | $0.00 | $0.22 | ||||||||
| 2025 | $0.05 | $0.06 | $0.06 | $0.06 | $0.08 | $0.08 | $0.06 | $0.06 | $0.07 | $0.08 | $0.08 | $0.07 | $0.81 |
| 2024 | $0.06 | $0.09 | $0.05 | $0.19 |
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 2034 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 2034 Municipal Bond ETF was 6.81%, occurring on Apr 11, 2025. Recovery took 125 trading sessions.
The current Invesco BulletShares 2034 Municipal Bond ETF drawdown is 1.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.81% | Dec 9, 2024 | 85 | Apr 11, 2025 | 125 | Oct 10, 2025 | 210 |
| -3.55% | Oct 2, 2024 | 26 | Nov 6, 2024 | 17 | Dec 2, 2024 | 43 |
| -3.31% | Mar 2, 2026 | 19 | Mar 26, 2026 | — | — | — |
| -0.67% | Nov 12, 2025 | 19 | Dec 9, 2025 | 16 | Jan 2, 2026 | 35 |
| -0.51% | Jan 15, 2026 | 3 | Jan 20, 2026 | 10 | Feb 3, 2026 | 13 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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