AMUB vs. BSMV
AMUB (ETRACS Alerian MLP Index ETN Class B) and BSMV (Invesco BulletShares 2031 Municipal Bond ETF) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while BSMV is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2031 Index. Both are passively managed. Over the past 3 years, AMUB returned 15.80%/yr vs 3.08%/yr for BSMV. At a 0.00 correlation, their price movements are largely independent. AMUB charges 0.80%/yr vs 0.18%/yr for BSMV.
Performance
AMUB vs. BSMV - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 16.97% return, which is significantly higher than BSMV's 0.68% return.
AMUB
- 1D
- -0.23%
- 1M
- -2.08%
- YTD
- 16.97%
- 6M
- 15.25%
- 1Y
- 15.77%
- 3Y*
- 15.80%
- 5Y*
- 12.34%
- 10Y*
- 3.05%
BSMV
- 1D
- 0.04%
- 1M
- 0.40%
- YTD
- 0.68%
- 6M
- 0.96%
- 1Y
- 5.82%
- 3Y*
- 3.08%
- 5Y*
- —
- 10Y*
- —
AMUB vs. BSMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 16.97% | 2.05% | 15.68% | 16.89% | 21.91% | 3.80% |
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 0.68% | 4.03% | -0.28% | 6.99% | -15.32% | 0.66% |
Correlation
The correlation between AMUB and BSMV is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.00 |
The correlation between AMUB and BSMV shifts across timeframes, from -0.21 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. BSMV — Risk / Return Rank
AMUB
BSMV
AMUB vs. BSMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and Invesco BulletShares 2031 Municipal Bond ETF (BSMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AMUB | BSMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.48 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.09 | -0.56 |
| Martin ratioReturn relative to average drawdown | 4.52 | 6.48 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMUB | BSMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.32 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.19 | +0.19 |
Drawdowns
AMUB vs. BSMV - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than BSMV's maximum drawdown of -20.68%. Use the drawdown chart below to compare losses from any high point for AMUB and BSMV.
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Drawdown Indicators
| AMUB | BSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -20.68% | -58.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -2.79% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -6.63% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | — | — |
Current DrawdownCurrent decline from peak | -6.15% | -5.43% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -29.23% | -10.44% | -18.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 0.90% | +2.61% |
Volatility
AMUB vs. BSMV - Volatility Comparison
ETRACS Alerian MLP Index ETN Class B (AMUB) has a higher volatility of 5.40% compared to Invesco BulletShares 2031 Municipal Bond ETF (BSMV) at 0.82%. This indicates that AMUB's price experiences larger fluctuations and is considered to be riskier than BSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | BSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 0.82% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 1.79% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 2.51% | +11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.24% | 5.69% | +14.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 5.69% | +21.40% |
AMUB vs. BSMV - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than BSMV's 0.18% expense ratio.
Dividends
AMUB vs. BSMV - Dividend Comparison
AMUB has not paid dividends to shareholders, while BSMV's dividend yield for the trailing twelve months is around 2.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 2.90% | 2.93% | 3.10% | 2.59% | 2.21% | 0.24% |
Frequently Asked Questions
AMUB and BSMV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMUB has higher volatility (5.40%) compared to BSMV (0.82%). In terms of maximum drawdown, AMUB dropped -79.46% vs BSMV's -20.68%.
On 3-year performance, AMUB leads with 15.80% vs 3.08% for BSMV. On fees, BSMV is cheaper at 0.18% per year. On volatility, BSMV has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AMUB has performed better with a 15.80% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMV is cheaper with a 0.18% expense ratio, compared with 0.80% for AMUB.
BSMV has the higher dividend yield at 2.90%, compared with 0.00% for AMUB.
AMUB is categorized as MLPs, while BSMV is Municipal Bonds. AMUB tracks Alerian MLP Index, while BSMV tracks Invesco BulletShares Municipal Bond 2031 Index. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.80% for AMUB and 0.18% for BSMV.
BSMV currently has the higher Sharpe Ratio (2.32 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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