Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) 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 BSMZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BSMZ
BSMZ charges 0.18% annually. There are 22 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% | 3.92B | Oct 2022 | BSMZ vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | BSMZ vs VTEB | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | BSMZ vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.89M | Aug 2025 | BSMZ vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | BSMZ vs FMUN |
Best Risk-Adjusted Alternatives to BSMZ
Among 107 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 9.88M | Sep 2024 | BSMZ vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | BSMZ vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | BSMZ vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | BSMZ vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | BSMZ vs GUMI |
Top Performing BSMZ Alternatives (YTD)
BSMZ is at 2.20% YTD. There are 38 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | BSMZ vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.35% | 19.03M | Sep 2016 | BSMZ vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.16% | 25.43M | Nov 2025 | BSMZ vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.87% | 18.13M | Oct 2020 | BSMZ vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | BSMZ vs OVM |
Lowest Volatility Alternatives to BSMZ
BSMZ has 3.77% 1-year volatility. There are 115 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% | 30.59M | Sep 2025 | BSMZ vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | BSMZ vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | BSMZ vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.78% | 30.06M | Jul 2025 | BSMZ vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | BSMZ vs FUMB |
Lowest Drawdown Alternatives to BSMZ
Among 107 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | BSMZ vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | BSMZ vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | BSMZ vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | BSMZ vs GUMI | |
| State Street My2026 Municipal Bond ETF | -0.38% | 8.74M | Sep 2024 | BSMZ 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 $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 59 | 15.95% | 493.17B | Mar 1999 | BSMZ vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 70 | 29.45% | 21.99B | Oct 2015 | BSMZ vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 60 | 15.99% | 101.29B | Oct 2020 | BSMZ vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 52 | 10.72% | 92.57B | Apr 2003 | BSMZ vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 95 | 90.13% | 3.22B | Jun 2021 | BSMZ vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 37 | 1.11% | 10.60B | May 2005 | BSMZ vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 64 | 16.64% | 21.05B | Dec 2005 | BSMZ vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 30 | 8.15% | 3.27B | Oct 2012 | BSMZ vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 22.42% | 8.18B | Mar 2005 | BSMZ vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 39 | 9.32% | 8.26B | Oct 2005 | BSMZ vs PPA |
Often Compared With BSMZ
Investors most often compare BSMZ with TAXI, ZTAX, HYMB. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Trust Intermediate Tax-Exempt Bond ETF | Municipal Bonds | — | 1.13% | 153.73M | Aug 2025 | BSMZ vs TAXI | |
| X-Square Municipal Income Tax Free ETF | Municipal Bonds | 14 | 1.66% | 4.54M | May 2023 | BSMZ vs ZTAX | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | Municipal Bonds | 61 | 3.60% | 2.99B | Apr 2011 | BSMZ vs HYMB | |
| PIMCO Short Term Municipal Bond Active ETF | Municipal Bonds | 93 | 1.27% | 1.11B | Feb 2010 | BSMZ vs SMMU | |
| Invesco BulletShares 2027 Municipal Bond ETF | Municipal Bonds | 94 | 1.18% | 342.74M | Sep 2019 | BSMZ vs BSMR | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | Municipal Bonds | 88 | 0.97% | 587.10M | Apr 2019 | BSMZ vs IBMO | |
| NYLI MacKay Muni Allocation ETF | Municipal Bonds | — | 3.67% | 27.55M | Dec 2025 | BSMZ vs MMMA |
Compare BSMZ with Any Fund or Stock
Compare BSMZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BSMZ with funds that move differently
Invesco BulletShares 2035 Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BSMZ.
Explore BSMZ Diversifiers